This marks the country’s largest IPO to date and also the first time a public offer has been conducted fully electronically, allowing investors to participate easily using digital platforms.
The IPO is a major step in Kenya’s plans to open up ownership of strategic state-owned companies to the public.
By listing KPC on the stock market, the government aims to deepen the capital market and create a wider base of shareholders who can benefit from the company’s growth.
Under the offer, the government is selling 65% of KPC’s issued ordinary shares to the public.
The shares are being offered at Ksh9.00 each, and the move is expected to attract interest from local, regional, and international investors.
The offer gives ordinary Kenyans and other investors a chance to own a part of a key energy company that plays a vital role in transporting fuel across the country.
The fully electronic nature of the IPO means that investors can apply for shares online, making the process faster, more transparent, and more convenient.
It also reduces the need for physical paperwork and long queues, making it easier for more people to take part.
Government officials said the listing of KPC is part of a broader plan to encourage public participation in national assets and improve governance through wider ownership.
They also said the move will help mobilize savings from the public and channel them into productive investments.
The Kenya Pipeline Company is a strategic energy firm responsible for transporting and storing fuel across the country.
Its operations are critical to the economy, and the listing is expected to bring more transparency and accountability as the company becomes answerable to a broader group of shareholders.