Kenya has formally opened the door for ordinary citizens to invest in one of its most strategic state-owned enterprises, as the Kenya Pipeline Company (KPC) launches its long-anticipated Initial Public Offering through a fully digital application process.
The offer, overseen by the Privatization Authority, marks a significant step in Kenya’s broader state asset privatization programme and introduces an e-IPO framework designed to widen public participation, reduce barriers to entry and modernize capital market access.
Under the offer, Kenyans can apply for KPC shares through two digital channels: a mobile-based USSD platform and an online application portal.
Authorities say the approach is intended to make the IPO faster, simpler and more accessible, particularly for retail investors who may not have previously participated in share offers.
The KPC IPO has been structured as an electronic offering, allowing investors to apply without visiting bank branches or stockbroker offices. Individual investors using Kenyan mobile numbers can apply via USSD by dialing 483816# on their registered phone lines.
The process integrates mobile money payments and is designed for speed and convenience.
For investors seeking a more comprehensive interface, including institutional investors and those preferring web-based access, applications can also be submitted through the official online portal at kpcipo.e-offer.app.
The portal supports multiple payment options and is open to all investor categories.
Officials say the dual-channel approach reflects an effort to balance inclusivity with flexibility, recognizing the varying levels of technological access among potential investors.
Before applying, investors are required to meet several essential conditions.
A valid Central Depository System (CDS) account is mandatory, as it serves as the official securities holding account in Kenya.
Investors without a CDS account are advised to open one through a licensed stockbroker or investment bank before the offer period closes.
Applicants must also ensure they have sufficient funds to cover their intended investment.
The total cost is calculated by multiplying the number of shares applied for by the offer price, with investors encouraged to factor in any transaction fees charged by their bank or mobile money provider.
For USSD applications, the mobile number used must be active and registered in the investor’s name. Online applicants will also require a valid mobile number to receive SMS updates on application status and payment confirmation.
According to the offer details, each KPC share is priced at KES 9.00. The minimum investment is set at 100 shares, translating to a minimum outlay of KES 900.
Investors are free to apply for more than the minimum number of shares, depending on their financial capacity and investment objectives.
The relatively low entry threshold is expected to encourage broad participation, particularly among retail investors who have historically been excluded from large-scale privatization initiatives.
Once logged into the preferred application platform, investors are required to select the “Kenya Pipeline IPO” option and enter the number of shares they wish to purchase.
Applicants must provide their CDS account number during the process.
Payment is fully integrated into the digital application system. Investors can pay directly through M-Pesa or other mobile money services during the application process.
Bank transfers and electronic funds transfers are available for larger individual or institutional investments. Investors with existing funds in brokerage accounts may also use their account balances to settle payments.
The offer period closes on Thursday, February 19, 2026. Following the close of the offer, shares will be allocated to successful applicants.
In the event of oversubscription, where demand exceeds the number of available shares, investors may receive fewer shares than they applied for.
Any excess funds will be refunded accordingly.
Trading in KPC shares is scheduled to begin on Monday, March 9, 2026, when the company is officially listed on the Nairobi Securities Exchange (NSE).
Once listed, investors will be able to view their shares in their CDS accounts and choose whether to hold them for potential dividends or sell them at the prevailing market price.
The offer officially opened on Monday, January 19, 2026, and will close on Thursday, February 19, 2026. The company’s listing on the NSE is scheduled for Monday, March 9, 2026.
Authorities have urged interested investors to complete applications early to avoid last-minute delays and ensure compliance with all requirements.
Do you have any story or press releases you want to share? Send tips to editor@envestreetfinancial.com
Follow us on Twitter, Facebook, or LinkedIn to ensure you don’t miss out on any