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Energy infrastructure
Kenya Pipeline Company IPO
The first ever e-traded IPO in Kenya and East Africa's largest IPO, Kenya Pipeline Company PLC opened on 19 January 2026 with 1.8 billion shares on sale at KSh 9 each.
The offer closed on 24 February 2026 having received applications for 12.49 billion shares. This represented an oversubscription of 105.7 percent, signaling strong investor confidence.
The listing positions KPC as a regional energy infrastructure company, strengthening its role in East Africa's petroleum logistics sector. The successful IPO also represents a strong vote of confidence in the Government's privatization agenda and economic reform programme.
Transaction Highlights
Transaction
Initial Public Offering
Opening date
19 January 2026
Closing date
24 February 2026
Shares on sale
1.8 billion
Offer price
KSh 9 per share
Applications received
12.49 billion shares
Oversubscription
105.7%
Government shareholding after
35%
Sector
Energy infrastructure
Share Allocations
Government of Kenya
35%
Institutional Investors
41%
East African Community
21.22%
Retail Investors
2.56%
Foreign Investors
0.02%
KPC Employees
0.06%
Oil Marketers
0.014%