In what comes as a historic public offer, the Kenya Pipeline Company (KPC) is now inviting Kenyans to invest by buying shares in the company.
The historic move aimed at widening public participation in the capital markets will see Kenyans buying a stake in the KPC for as little as KSh900.
According to a statement from KPC, the process of buying shares for the company has been modernised as an e-IPO (Initial Public Offering), making it faster and more accessible.
Each share, KPC says, will be priced at KSh9, with the minimum number of shares required per application being 100 shares per investor.
The offer, expected to attract millions of Kenyans into the capital market, is one of the broadest public ownership drives in recent years.
The government wants to sell 11.8 billion shares, which represents 65% of the company stake.
Step-by-step guide of acquiring shares
The KPC IPO provides two convenient application methods designed to accommodate different investor preferences and technological access.
Individual investors can leverage the simplicity of mobile phones by applying through USSD, while all investor categories can utilize the comprehensive online portal for maximum flexibility and control.
USSD Application
Dial *483*816# from your registered Kenyan mobile number.
This process is: quick and convenient mobile access, has integrated M-Pesa payment, available only to individual investors and requires CDS account.
Online portal
Apply through https://kpcipo.e-offer.app from an internet enabled device.
This process: has a comprehensive application interface, provides for multiple payment options, and is available to all investor types.
Essential requirements
Before starting an application through either method, investors should ensure they meet the following fundamental requirements;
Valid CDS Account
This is your securities holding account in Kenya. If you don’t have one, contact your stockbroker or investment bank immediately to open an account before the offer closes.
Sufficient funds
Ensure M-Pesa wallet or bank account has enough money to cover the intended share purchase.
Calculate the total cost by multiplying the number of shares by the offer price, and add a small buffer for any transaction fees charged by your respective financial services provider.
Registered mobile number
For USSD applications, Kenyan mobile number must be active and registered in the investor name.
For online applications, you will need a valid mobile number to receive SMS updates about your application status and payment confirmations.
Make payment
Payment is integrated into the digital application process. You can pay via: 1.) M-Pesa/Mobile Money: Directly from your phone during the application. 2.) Bank Transfer/EFT: For larger institutional or individual investments. 3.) Account Balance: If you already have funds in your brokerage account.
This offer was opened on Monday, January 19, 2026 and closes on Thursday, February 19, 2026. Listing on the Nairobi Securities Exchange (NSE) is on Monday, March 9, 2026.
“Once the offer period closes on February 19, 2026, the shares will be allocated. If the IPO is oversubscribed (more people want shares than are available), you may receive a percentage of what you applied for, and any extra money will be refunded.” the Kenya Pipeline Company says. “On March 9, 2026, KPC will officially be listed on the NSE. At this point, you can view your shares in your CDS account and choose to hold them for dividends or sell them at the prevailing market price.”
