NAIROBI, Kenya- Kenya Pipeline Company Limited (KPC) has opened its doors to public ownership through a landmark Initial Public Offering (IPO), offering Kenyans a chance to own a stake in one of the country’s most strategic energy infrastructure firms.
The IPO will see 65 percent of KPC’s ordinary shares offered to the public, with the company set to be listed on the Main Investment Market Segment of the Nairobi Securities Exchange (NSE).
What Is Being Offered?
KPC is offering Sh11.81 billion ordinary shares to investors at an offer price of Sh9.00 per share, with a minimum application of 100 shares. Each share has a par value of Sh0.02.
If fully subscribed, the offer is expected to raise about Sh106.3 billion.
Why This IPO Matters
KPC plays a critical role in Kenya’s energy supply chain, transporting and storing petroleum products that power homes, industries, and transport across the country and the wider region.
The government says the proceeds from the IPO will form part of its approved financing plan for the 2025/26 financial year, with funds earmarked for commercially viable infrastructure projects.
These include investments in energy, roads, water and irrigation, and airports, in line with the national budget framework and fiscal policy direction.
Who Is Advising the Transaction?
The IPO is being led by Faida Investment Bank Limited, which is acting as the Lead Transaction Adviser.
How to Apply for the KPC IPO
Individual investors can apply easily using their mobile phones through a dedicated USSD platform.
Step-by-step guide:
- Ensure you have a valid CDSC account and sufficient funds in your mobile money wallet.
- Dial *483*816# on your mobile phone.
- Select “Read Terms and Conditions” and carefully review the offer details.
- Agree to the terms, then choose “New Application”.
- Follow the prompts to complete your application and make a payment.
- You will receive an SMS and/or email confirmation on the status of your application.
Note: The USSD option is only available to individual investors with a registered Kenyan mobile number and a valid CDS account.
