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Kenya Pipeline beats Sh106b IPO target as investors scramble for shares

• Mar 04, 2026 • Denis Omondi • The Standard The Standard
Kenya Pipeline beats Sh106b IPO target as investors scramble for shares

Treasury Cabinet Secretary John Mbadi during the release of the Kenya Pipeline Company Initial Public Offering results at Serena Hotel, Nairobi, on March 4, 2025.

The Kenya Pipeline Company (KPC) will soon be listed at the Nairobi Stocks Exchange (NSE) after a successful Initial Public Offering (IPO) where its shares were oversubscribed.

Key Takeaways

  • Kenya Pipeline Company's (KPC) Initial Public Offering (IPO) was oversubscribed, exceeding its Sh106 billion target.
  • Investors applied for 12.4 billion shares against an offer of 11.8 billion, achieving a subscription rate of 105.7%.
  • Institutional investors secured the largest shareholding at 41%, followed by the government at 35%, and East African institutions and individuals at 21.2%.
  • The IPO successfully broadened the shareholder base, attracting over 70,000 ordinary Kenyans and making KPC a regional corporate with Ugandan government investment.
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