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Govt raises Sh112bn from oversubscribed KPC IPO

• Mar 04, 2026 • PHIDEL KIZITO • Capital FM Capital FM
Govt raises Sh112bn from oversubscribed KPC IPO
The IPO offered 11.81 billion shares at Sh9 each, and the positive response from investors pushed total applications to 12.49 billion shares, giving the IPO a subscription rate of 105.7 percent.

Key Takeaways

  • The Kenya Pipeline Company (KPC) IPO successfully raised Sh112.4 billion, making it one of Kenya's largest public share sales.
  • The IPO was oversubscribed by 105.7%, with applications for 12.49 billion shares against the 11.81 billion offered.
  • Over 70,000 Kenyan investors participated in the offer, indicating increased confidence in the country's capital markets.
  • The government expects to receive around Sh26.7 billion, which will be channeled into infrastructure projects through the National Infrastructure Fund.
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