The Capital Markets Authority (CMA) has approved a three-day extension of the Kenya Pipeline Company’s (KPC) Initial Public Offering (IPO).
The offer, originally scheduled to close today at 5 p.m., will now remain open until February 24, 2026, at 5 p.m.
All other terms and conditions of the offer remain unchanged, according to a statement issued on Thursday.
The extension follows public participation and stakeholder engagement forums held under the government’s privatisation programme.
During these engagements, several retail investors asked for more time to take part in the offer.
The government said the decision to extend the offer period aligns with its objective of expanding domestic share ownership and encouraging wider participation in the capital markets.
Making the announcement, the acting Managing Director of the Privatisation Authority, Dr Janerose Omondi, said the extension was meant to support inclusivity and transparency in the privatisation process.
“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,” she said.
Investors who have already submitted valid applications will not be required to take any further action.
New applications can be submitted through stockbrokers, investment banks and authorised selling agents such as banks. Investors can also apply through the KPC IPO portal or by using the designated mobile short code.
The statement further outlined the remaining key dates in the IPO process.
Allocation results are expected to be announced on March 4.
This will be followed by electronic crediting of shares to Central Depository System accounts and the processing of refunds by March 6.
Listing and trading of KPC shares at the Nairobi Securities Exchange is scheduled to begin on March 9.
The extension comes a week after the Capital Markets Authority approved the integration of electronic CDS account opening into the KPC IPO platform.
The move was intended to make it easier for investors to open accounts and participate in the offer.
Dr Omondi said the IPO is part of a broader effort to widen access to capital markets and promote shared ownership of strategic state 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.
According to the statement, the KPC IPO represents a major milestone in the development of Kenya’s capital markets and in public participation in the transformation of state-owned enterprises.
The offer is open to retail and institutional investors, employees of KPC, oil marketing companies, citizens of the East African Community and international investors.
Kenya Pipeline Company operates an extensive pipeline and storage network spanning over one thousand kilometres across the region.
The company plays a central role in the transportation and storage of petroleum products in Kenya and the wider East African region.
The government said the company’s strategic footprint, strong earnings base and role in energy security position it as an attractive investment for those seeking exposure to critical infrastructure that supports regional economic growth.
Investors seeking more information have been advised to review the prospectus available through official government and company websites, as well as the IPO portal.