The Initial Public Offering (IPO) of Kenya Pipeline Company (KPC) has been extended by three working days following approval by the Capital Markets Authority (CMA), in a move aimed at enhancing retail investor participation.
In a statement issued in Nairobi on February 19, 2026, the CMA confirmed that the offer period, which was initially set to close on February 19 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.
The extension follows feedback received during public participation and stakeholder engagement forums held in relation to the Government’s privatisation programme.
According to the statement, several retail investors indicated they required additional time to participate in the offer.
Making the announcement, acting Privatisation Authority Managing Director Dr Janerose Omondi said the decision aligns with the Government’s objective of expanding domestic share ownership and fostering inclusive participation in capital markets.
“The extension is aimed at ensuring broader participation and will provide investors adequate time to finalise their investment decisions in line with our commitment to inclusivity and transparency,” said Dr Omondi.
She added that the IPO represents a broader effort to democratize ownership of 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 said.
Investors who have already submitted valid applications are not required to take any further action. New applications can be submitted through stockbrokers, investment banks, and authorised selling agents such as banks.
Applications are also being accepted through the dedicated KPC IPO portal and via a USSD code.
The allocation results are scheduled to be announced on March 4, 2026. This will be followed by the electronic crediting of shares to Central Depository System (CDS) accounts and the processing of refunds by March 6, 2026.
Listing and trading of KPC shares at the Nairobi Securities Exchange (NSE) is expected to commence on March 9, 2026.
The extension comes a week after the CMA authorised the integration of electronic CDS account opening into the KPC IPO platform to enhance convenience and investor access.
The IPO marks a significant milestone in Kenya’s capital markets and the ongoing transformation of state-owned enterprises under the privatisation programme.
The offer is open to retail and 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 across Kenya and the region, positioning it as a central player in energy transportation and storage.
