Market Intelligence
LearnJanuary 23, 2026

How to Purchase Kenya Pipeline IPO Shares Starting from Sh900 Using Mobile or Bank

How to Buy Sh106 Billion Worth of KPC Shares for as Little as Sh900 Before the February 19 Deadline!

How to Purchase Kenya Pipeline IPO Shares Starting from Sh900 Using Mobile or Bank

The Kenyan government has opened the Kenya Pipeline Company (KPC) Initial Public Offering, giving both local and foreign investors a chance to buy into one of the country's most successful state-owned firms.

This marks East Africa's first fully electronic IPO, with all applications processed digitally to make participation easier for everyone, from individual buyers to large organizations.

The state plans to offload 65% of KPC (totaling 11,812,644,350 ordinary shares) to generate roughly Sh106.3 billion for major infrastructure projects across the country.

Here's what you need to know to participate.

Essential IPO Information

  • Price per share: Sh9.00

  • Smallest purchase: 100 shares (Sh900 total)

  • Launch: 19 January 2026, 9:00 a.m.

  • Deadline: 19 February 2026, 5:00 p.m.

Who Can Apply

The shares are split into six groups for balanced allocation:

  • Kenyan individual buyers: 20%

  • Kenyan organizations: 20%

  • East African Community buyers: 20%

  • Foreign buyers: 20%

  • Oil distribution firms: 15%

  • KPC workers: 5%

Application Process

Step 1: Get a CDS Account

You'll need an active Central Depository System account to hold your shares digitally. Without one:

  • Reach out to any authorized stockbroker or investment bank

  • Submit your ID/Passport and KRA Pin

  • Several brokers let you create accounts through their mobile applications

Step 2: Pick Your Application Route

Applications can be done via phone or computer.

Option A: Mobile USSD (Easiest for individuals)

  1. Dial *483*816# from your Kenyan phone

  2. Accept the terms when prompted

  3. Choose "New Application" and continue

  4. Input your CDS account information

  5. Complete payment when requested

Option B: Web Portal

  1. Go to the official KPC IPO website

  2. Create an account and start a new application

  3. Complete all required fields including CDS number and investor category

  4. Upload necessary documents (organizations only) and payment confirmation (bank transfers)

Step 3: Payment Options

All payments in Kenyan Shillings only, using these methods:

M-PESA

Pay through STK push or send to the Paybill provided by the Authorized Selling Agent. Your unique Application Serial Number serves as the account reference.

Single transaction limit is Sh150,000. Amounts above this require multiple payments.

Cooperative Bank

  • Paybill: 4999915

  • Account: 59867XXXXXXX (X = your 7-digit form number)

Kenya Commercial Bank

  • Paybill: 522533

  • Account: 40384XXXXXXX (X = your 7-digit form number)

Stanbic Bank

  • Paybill: 8250250

  • Account: 11140XXXXXXX (X = your 7-digit form number)

Record your M-PESA reference code as payment proof on the portal or physical form.

Note: USSD users can pay in installments as long as full payment clears by February 19, 2026.

Bank Transfer

Send via EFT or RTGS to the accounts below:

Cooperative Bank

  • Name: Privatisation Authority - KPC IPO

  • Number: 59867XXXXXXX

  • Branch: Co-op House (Code: 11002)

  • SWIFT: KCOOKENA

KCB

  • Name: Privatisation Authority – KPC IPO

  • Number: 40384XXXXXXX

  • Branch: Moi Avenue (Code: 01100)

  • SWIFT: KCBLKENX

Stanbic Bank

  • Name: Privatisation Authority – KPC IPO

  • Number: 11140XXXXXXX

  • Branch: Kenyatta Avenue (Code: 31000)

  • SWIFT: SBICKENX

  • Use your 7-digit application number in the narration field.

Loan Financing

Applicants can request financing from banks to cover the full payment amount.

Common Rejection Reasons

Applications get rejected when:

  • Information submitted is unclear or missing details

  • Cheques are used (not allowed)

  • Payment arrives after the February 19, 2026 cutoff

  • Required identity documents or KYC information is absent

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Risk Considerations and Disclosures

Investments in fixed income securities carry risks common to debt instruments, including credit risk, liquidity risk, interest rate risk, and prepayment or extension risk. Bond prices move inversely to changes in interest rates, meaning a general rise in interest rates may cause bond prices to fall. Securities with variable or floating interest rates are generally less sensitive to interest rate movements than fixed rate securities, however, if interest rates do not change as expected or if they fall, variable or floating rate securities may not increase in value and may even decline. Credit risk arises when the issuer fails to pay interest or principal, and this risk tends to be higher for high yield or lower rated bonds. Prepayment risk occurs when the issuer repays principal sooner than anticipated, while extension risk occurs when repayment happens more slowly than expected. As a result, fixed income investments may be worth less than the original amount invested at redemption or maturity.

This material does not constitute an offer or solicitation in any jurisdiction, including Kenya, where such an offer or solicitation would be unauthorised or unlawful.

Prospective investors should familiarise themselves with any legal, tax or exchange control obligations that apply in Kenya or in their country of residence or domicile, as these may affect the investment.

This information is provided for educational and informational purposes only. It should not be interpreted as investment advice or as a recommendation to buy, sell, or hold any security. It is not a substitute for personalised guidance from a qualified financial adviser. The suitability of any investment depends on an investor's financial situation, objectives, and risk tolerance.

Past performance does not guarantee future results. The value of investments and the income generated from them can fluctuate and may go down as well as up. Loss of principal is possible.

This material may refer to general market, economic, industry, or sector conditions in Kenya or globally. It does not constitute research or financial analysis and should not replace independent due diligence.

Fintrust Securities Ltd, a licensed securities dealer regulated by the Capital Markets Authority of Kenya, applies internal risk management procedures. However, this does not imply that fixed income or other securities investments are low risk.

Any reference to a specific issuer, company, or security does not constitute a recommendation to invest in that issuer or security. There is no assurance that future investment decisions will achieve profitability or match the performance of any securities mentioned.

Views and opinions expressed in this material are current as of the date of publication and are subject to change without notice. This information may not reflect the most recent market or regulatory developments.