The Kenya Pipeline Company (KPC) Initial Public Offering (IPO) offer period has been extended by three working days following approval from the Capital Markets Authority (CMA).
The offer, which opened on January 19, 2026 and was initially scheduled to close on February 19, 2026, will now close on Tuesday, February 24, 2026 at 5 p.m after retail investors requested additional time to participate.
The Acting Managing Director of the Privatization Authority, Dr. Janerose Omondi stated that the extension is aimed at ensuring broader participation and allowing investors to finalize their investment decisions.
About the KPC IPO
The Government of Kenya is selling 65% of its stake equivalent to 11.8 billion shares in KPC to the public at KES 9 per share, with the proceeds earmarked for the National Infrastructure Fund.
Share allocation has been structured across six investor segments: local retail investors, local institutional investors, East African Community investors, international investors, Oil Marketing Companies (OMCs), and KPC employees. The oil transporter has allocated 20% each to local retail investors, local institutional investors, and East African Community investors, while OMCs and KPC employees have been allocated 15% and 5%, respectively.
The transaction is being led by Faida Investment Bank, a leading investment bank in Kenya, in collaboration with a consortium of advisers including Dyer & Blair (Lead Sponsoring Broker), Francis Drummond &Co. (Co-Sponsoring broker), TripleOKLaw and G&A Advocates (Legal advisers), PwC (Reporting Accountant), Image Registrars (Shares Registrar), Belva digital (Advertising Agency), Apex Porter Novelli (PR Agency), and receiving banks Co-operative Bank of Kenya, Kenya Commercial Bank and Stanbic Bank Kenya.
The announcement of allocation results is scheduled to take place on March 4, 2026, followed by crediting of shares to CDS accounts and the processing of refunds by March 6, 2026. The company is set to be listed on the Nairobi Securities Exchange (NSE) on March 9, 2026, trading on the Main Investment Market Segment (MIMS) under the ticker KPC.0000.
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