The Latest

Dar es Salaam Stock Exchange IPO Oversubscribed

June 18, 2016
1 minute read
dse dar es salaam stock exchange ipo

Official results from the Dar es Salaam Stock Exchange (DSE) IPO show that the bourse has raised TZS35.8b from more than 3,000 investors.

This is equivalent to 377% in excess of the targeted capital or almost 5 times the anticipated amount.

The excess funds raised beyond the request for green shoe option will be refunded to investors.

TANZANIA BUSINESS & INVESTMENT GUIDE 2026

The green shoe option allows underwriters to sell investors more shares than initially planned by the issuer to meet higher demand for the security.

Following the completion of the refund process the DSE intends to self-list its shares on the secondary market in the Main Investment Market Segment (MIMS) on 12th July 2016.

Moremi Marwa, CEO of DSE, said that 70% of investors in DSE IPO were foreign but he noted that even if the shares were sold to local investors only, the IPO would still be oversubscribed by TZS2.2b.

DSE IPO was conducted from 16th May 2016 to 3rd June 2016 and aimed to raise TZS7.5b from the offer of 15m shares at a price of TZS500 each.

The DSE was a non-profit making body until it was demutualized in June 2015. The bourse aims at maximizing the value of investment through the process of demutualization.

Tweet
Share
Share
Share
Related Posts
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 11 of 2026: PAL Skyrockets +156.06% and TTP Surges +52.17% as Equity Turnover Hits TZS 42.68 Billion

During Week 11 of 2026 (March 9th – 13th), the Dar es Salaam Stock Exchange (DSE) witnessed intense trading activity and massive price appreciations in select counters. PAL was the market's biggest winner, skyrocketing by an extraordinary +156.06%, followed by TTP, which surged +52.17%. Driven by heavy trading in CRDB and DCB, Equity Turnover grew significantly by +42.31% to TZS 42.68 billion. Total Market Capitalisation expanded by +4.15% to TZS 34.52 trillion, supported by a strong +14.51% recovery in CRDB. The Banks, Finance & Investment (BI) Index advanced by +5.18%, and the bond market demonstrated robust liquidity, generating TZS 172.64 billion in turnover.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 10 of 2026: DCB Surges +31.09% and ETF Turnover Soars Despite Broader Market Correction

During Week 10 of 2026, the Dar es Salaam Stock Exchange (DSE) saw positive momentum in select counters, with DCB leading the gainers by surging +31.09%, followed by TTP (+9.52%). The ETF Market also saw explosive activity, generating a massive TZS 8.37 billion in turnover. Despite these bright spots, the broader market experienced a correction, with Total Market Capitalisation falling by -4.31% to TZS 33.14 trillion, largely dragged down by a sharp -15.56% decline in CRDB.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 9 of 2026: MCB and DCB Soar +33.80% and +23.96% as Market Navigates Two-Day Trading Disruption

During Week 9 of 2026, the Dar es Salaam Stock Exchange (DSE) experienced an unexpected shortened schedule due to technical challenges that halted trading on Tuesday and Wednesday. Despite the disruption, market sentiment remained aggressively bullish, pushing Total Market Capitalisation to a record TZS 34.64 trillion. While overall equity and bond turnover declined compared to Week 8, the indices surged, led by the Banks, Finance & Investment (BI) Index (+3.55%). MCB and DCB were the top gainers, skyrocketing by +33.80% and +23.96%, respectively.
DSE Dar es Salaam Stock Exchange & TanzaniaInvest Report
Read More

Dar es Salaam Stock Exchange Week 8 of 2026: Equity Turnover Surges by +49.80%, MCB Skyrockets by +52.69%

During Week 8 of 2026 (February 16th–20th), the Dar es Salaam Stock Exchange (DSE) witnessed robust trading activity, with Equity Turnover surging by +49.80% to TZS 87.80 billion. The Banks, Finance & Investment (BI) Index continued its strong rally, gaining +7.77%. MCB was the standout performer, recording a massive +52.69% price appreciation. The Bond Market also saw a significant increase in activity, generating TZS 167.47 billion in turnover. Total Market Capitalisation expanded to TZS 33.75 trillion.