Dot Com Zambia PLC has launched an initial public offering on the LuSE Alt-M, offering 1,000,000 shares at ZMW12.3 each (about $0.46), according to the company’s prospectus. The offer window runs from 27 November to 12 December 2025.

The digital-commerce and logistics company said the listing is intended to deepen its capital base and support expansion across Zambia’s fast-growing online retail ecosystem. Management said the Alt-M board provides an accessible platform for scaling technology-driven firms.

For the year ended 31 December 2024, Dot Com Zambia reported ZMW528.9mn in revenue ($19.8mn), a 147% increase from 2023. Profit after tax rose 249% year on year to ZMW3.5mn ($130,600).

The company attributed the performance to higher transaction volumes, expanded merchant onboarding and growth in delivery and fulfilment services. It said customer acquisition improved as more consumers shifted toward digital purchasing channels.

Net proceeds of roughly ZMW9.5mn ($355,000) will be allocated to product development and R&D (50%), office relocation and working capital (24%), technology infrastructure (13%) and marketing (13%).

Dot Com Zambia said the capital injection will accelerate product innovation, strengthen system reliability and increase operational capacity as it positions for further growth in Zambia’s e-commerce and payments landscape.

The IPO highlights rising investor appetite for technology-focused listings on the LuSE’s alternative market, which has been courting early-stage and growth-oriented companies seeking lighter listing requirements.