Muscat: The Financial Services Authority (FSA) has approved the prospectus for the initial public offering (IPO) of the Oman India Fertiliser Company (OMIFCO), paving the way for the offering of a stake in the company and its listing on the Muscat Stock Exchange.
According to Oman News Agency, this move is set to deepen Oman's capital markets, broaden the investor base, and create new investment opportunities for both individuals and institutions. The public offering comprises the sale of 1,672,343,750 shares, representing 25% of the company's total share capital, with a total offering value of RO 260,885,625. The offering has been allocated across two main investor categories.
The first category comprises 1,003,406,250 allocated shares to institutional investors, including local, regional, and international investors, representing 60% of the total offering. The subscription period for this category will begin on June 16, 2026, and continue until June 25, 2026, at a subscription price of 146-156 baisa per share. This category includes up to 30% of the total offering allocated to non-local investors, equivalent to 501,703,125 shares, and at least 30% allocated to local investors, equivalent to 501,703,125 shares.
The second category comprises 668,937,500 shares allocated to individual investors, representing 40% of the total offering, on a pro-rata basis. This category is equally divided between high-net-worth investors and retail investors. The subscription period will begin on June 16, 2026, and continue until June 25, 2026, at a subscription price of 156 baisa per share.
According to the prospectus, if total demand in the second category is lower than the allocated portion, any unsubscribed shares will be transferred to the first category, subject to additional demand in that category. The prospect also allows the Authority to determine an appropriate allocation mechanism for the retail investor segment in the event of oversubscription.
Regarding expected shareholder returns, the company intends to adopt a semi-annual cash dividend policy following listing, with dividends to be distributed in April and September of each year, subject to the necessary approvals.
The offering of the Oman India Fertiliser Company (OMIFCO) is considered one of the most prominent IPOs in Oman's capital market, given the company's position in the fertiliser sector and its role in supporting the industrial sector and the national economy. In addition to providing investors with an opportunity to participate in the ownership of one of the Sultanate of Oman's leading companies.