Explainer: Step-by-Step Guide to Buying Kenya Pipeline Company Shares at Sh9 Each

Kenyans can now own a stake in the Kenya Pipeline Company (KPC) after the government rolled out a public Initial Public Offering (IPO) priced at just Sh9 per share.

The offer opened on January 19, 2026, making it one of the most affordable entries into the Nairobi Securities Exchange (NSE) in recent years.

The IPO is part of a broader government strategy to deepen public participation in capital markets and give ordinary citizens a chance to invest in state-ownedenterprises.

How Much Do You Need to Start?

Each KPC share costs Sh9, with a minimum purchase of 100 shares. This means first-time investors can participate with as little as Sh900. There is no upper limit on how many shares one can buy, as long as funds are available.

Who Can Apply?

The offer is open to:

Individual Kenyan investors

Institutional investors

Both local and eligible international investors

However, all applicants must have a Central Depository and Settlement (CDS) account, which is used to hold shares electronically.

How to Apply for KPC Shares

The IPO has been fully digitised through an e-IPO system, offering two application methods:

1. USSD Application (Mobile Phone)

This option is designed for investors without internet access.

Dial *483*816# from your registered mobile number

Follow the on-screen instructions

Pay directly via M-Pesa

This method is quick and ideal for retail investors.

2. Online Application (Internet Users)

Investors with internet access can apply via the official portal:

Visit https://kpcipo.e-offer.app

Complete the online application form

Pay using bank transfer or electronic funds transfer

The online platform supports all investor categories, including institutions.

What You Need Before Applying

Before applying, investors should ensure they have:

A valid CDS account

Enough funds in M-Pesa or a bank account

A registered mobile number for transaction and confirmation messages

What Happens After the IPO Closes?

The offer will close on February 19, 2026. After that:

Shares will be allocated to successful applicants

If the IPO is oversubscribed, investors may receive fewer shares than requested

Any excess funds will be refunded

KPC is expected to be officially listed on the Nairobi Securities Exchange on March 9, 2026. Once listed, investors will see their shares reflected in their CDS accounts and can choose to hold them or trade them at the prevailing market price.

For further guidance, investors can contact the IPO support team using details provided in the official offer notice.