Kenya Pipeline Company (KPC) has unveiled the detailed breakdown of how its shares will be distributed in the ongoing initial public offering (IPO), a move aimed at expanding ownership beyond solely government hands.
The offer includes 11.8 billion ordinary shares, each sold at KSh 9, with total proceeds expected to reach roughly KSh 106.3 billion if fully subscribed.
Investor Categories and Share Distribution
The allocation plan is designed to encourage wide participation from both local and international investors. Here’s how the shares are being set aside:
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Individual Kenyan investors: 20%
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Kenyan institutional investors: 20%
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East African Community investors: 20%
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Foreign investors: 20%
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Oil marketing companies: 15%
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KPC employees: 5%
This structure gives balanced access to a mix of retail, corporate and regional buyers, reflecting efforts to deepen capital markets and promote broader ownership.
Timeline and Trading Plans
The IPO opened to applicants on January 19, 2026, and investors have been placing applications ahead of the closing date. Once the allocation results are finalized and issued, KPC shares are slated to begin trading on the Nairobi Securities Exchange (NSE) in mid-March, offering a new opportunity for long-term investment and secondary market activity.
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