OMIFCO IPO draws RO4.69bn as FSA approves share allocation

1 Jul 2026 OMIFCO IPO, Oman India Fertiliser Company IPO, Oman IPO, FSA Oman, Muscat Stock Exchange, Oman capital market, OMIFCO share allocation, Oman stock market

OMIFCO IPO, Oman India Fertiliser Company IPO, Oman IPO, FSA Oman, Muscat Stock Exchange, Oman capital market, OMIFCO share allocation, Oman stock market

By OUR CORRESPONDENT

Muscat – The Financial Services Authority (FSA) has approved the share allocation for the initial public offering (IPO) of Oman India Fertiliser Company (OMIFCO) after the offering attracted RO4.69bn in subscriptions, reflecting strong investor appetite for one of Oman’s largest public offerings.

The RO260.9mn IPO, comprising 1.67bn shares or 25% of OMIFCO’s share capital, was oversubscribed 3.909 times by individual investors and 27.4 times by institutional investors.

The FSA said it adopted an allocation mechanism in line with the prospectus to ensure fair treatment across investor categories while broadening shareholder participation.

Small retail investors were allocated a minimum of 6,500 shares per subscriber, in addition to 5.618% of the remaining requested shares. Applications in this category totalled 737.94mn shares, with subscriptions reaching RO115.12mn, representing an oversubscription rate of 2.206 times.

Large individual investors received a 17.818% pro rata allocation. Subscription requests in this category amounted to 1.88bn shares, with investments totalling RO292.83mn, equivalent to an oversubscription rate of 5.612 times.

Local institutional investors received a 2.6806% pro rata allocation, while foreign institutional investors were allocated shares according to the mechanism outlined in the prospectus following the book-building process, which set the final offer price at 156 baisas per share.

Institutional investors submitted applications for 27.46bn shares, investing a total of RO4.284bn, making the institutional tranche 27.4 times oversubscribed.

The IPO, approved by the FSA on June 11, opened for subscription on June 16 and closed on June 25.

The regulator said the strong response demonstrated continued investor confidence in Oman’s capital market and highlighted the role of IPOs in supporting economic growth and financing investment projects.

Refunds for excess subscription amounts will begin on July 2, while OMIFCO shares are scheduled to begin trading on the Muscat Stock Exchange on July 8.