Harare‑based advisory Bard Santner Inc is offering Zimbabwean investors access to the US$1.6 bn initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, the world’s largest single‑train oil refinery.

The route is provided through its subsidiary Bard Santner Investors (BSI), which will handle documentation, know‑your‑customer checks and exchange‑control paperwork on behalf of clients.

BSI sets a minimum subscription of US$20,000 for 50,000 shares, matching the prospectus requirement of 50,000 shares at ₦525 (about US$0.40) each, equivalent to ₦26.25 million.

Applications and funds must be received by BSI no later than 2 October 2026 to allow processing through the African Distribution Channel before the offer closes on 13 October.

The subscription window opened on 14 September and runs until 13 October; trading of the shares is expected to begin on the Nigerian Exchange (NGX) main board in November.

Eligibility consultations and allocation advice are provided free of charge, and larger applications must be submitted in multiples of ten shares.

The IPO offers 4.1 billion ordinary shares at ₦525 each, targeting a raise of ₦2.15 trillion (about US$1.63 bn), with a possible 30 % greenshoe that could lift proceeds to US$2.1 bn.

Retail investors can participate from as little as 10 shares (₦5,250 or roughly US$4), but the minimum for the Zimbabwe route remains US$20,000.

Proceeds are earmarked for a US$14.3 bn expansion that will double refinery capacity to 1.4 million barrels per day by 2029 and include a coastal distribution plant in Kenya serving East Africa.

Investors should prepare KYC, compliance and exchange‑control documents early, as BSI will lodge these on their behalf to preserve repatriation rights.