The offer period for the Kenya Pipeline Company (KPC) Initial Public Offering (IPO) has been extended by three working days following approval by the Capital Markets Authority (CMA).
The IPO, which was initially scheduled to close on February 19, 2026 at 5 p.m., will now remain open until Tuesday, February 24, 2026 at 5 p.m.
All other terms and conditions of the offer remain unchanged.
Extension Aimed at Broader Participation
The decision follows feedback from retail investors during recent public participation and stakeholder engagement forums held in relation to the Government’s privatisation programme. A number of investors had requested additional time to finalize and submit their applications.
Acting Privatization Authority Managing Director Dr. Janerose Omondi said the move is in line with the Government’s objective of expanding domestic share ownership and enhancing inclusivity in the capital markets.
“The extension is aimed at ensuring broader participation and will provide investors adequate time to finalize their investment decisions in line with our commitment to inclusivity and transparency,” she said.
Investors who have already submitted valid applications are not required to take any further action.
Applications can be made through stockbrokers, investment banks, authorized selling agents such as banks, via the KPC IPO online portal, or by dialing 483816#.
Key IPO Dates
The allocation results are expected to be announced on March 4, 2026. Electronic crediting of shares to CDS accounts and processing of refunds will follow by March 6, 2026.
Trading of KPC shares at the Nairobi Securities Exchange (NSE) is scheduled to commence on March 9, 2026.
The extension comes a week after the CMA authorized the integration of electronic CDS account opening into the KPC IPO platform to enhance convenience and widen participation.
Dr. Omondi described the IPO as a landmark step in democratizing ownership of one of Kenya’s strategic national assets.
“The KPC IPO is about democratizing ownership of one of Kenya’s strategic national assets. By leveraging digital platforms, we are making participation in capital markets simpler and more equitable,” she added.
The KPC IPO marks a significant milestone in Kenya’s capital markets development and the broader transformation of state-owned enterprises.
The offer is open to retail investors, institutional investors, KPC employees, Oil Marketing Companies, citizens of the East African Community, and international investors.
KPC operates 1,342 kilometres of pipeline and storage infrastructure, giving it a strategic footprint across the region. Backed by a strong earnings base, the company provides investors with exposure to a profitable enterprise central to Kenya’s energy security and regional economic growth.
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