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[QUOTE="Queen, post: 87872, member: 27"]
KPC's stock market debut pulled in 5.7% more demand than available shares, landing the government a fully subscribed Ksh 106.3 billion haul.

The oversubscription breakdown
[LIST]
[*]Investors applied for over 12.4 billion shares against 11.8 billion available.
[*]CS John Mbadi announced the results on March 4, 2026.
[*]Total subscription rate hit 105.7%.
[*]Over 70,000 everyday Kenyans participated in the offer.
[/LIST]
How shares got carved up
[LIST]
[*]Kenyan investors grabbed 67.32% with over 7.9 billion shares.
[*]EAC investors scooped 32.65% at over 3.8 billion shares.
[*]The offer window ran from January 19 to February 24, 2026.
[*]Excess funds get refunded to investors starting Friday.
[/LIST]
New ownership structure
[LIST]
[*]The government retains a strategic 35% stake.
[*]Local pension funds and banks hold the largest private chunk at 40.99%.
[*]Uganda and Rwanda together secured 21.22%.
[*]Retail investors, employees, and oil marketers split tiny slivers.
[/LIST]
What KPC gains from going public
[LIST]
[*]Pipeline capacity expansion becomes financially feasible.
[*]Storage facility upgrades and oil-refinery development are planned.
[*]Mbadi framed KPC as a future regional petroleum powerhouse.
[*]Fiscal discipline means only the original Ksh 106.3 billion gets accepted.
[/LIST]
[/QUOTE]

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