MUSCAT – Oman’s Financial Services Authority has approved the prospectus for the public offering of shares in Oman India Fertiliser Company (OMIFCO), ahead of the company’s planned listing on the Muscat Stock Exchange.
The offering comprises 1.672 billion shares, representing 25 per cent of OMIFCO’s total share capital, with a total offer value of RO260.9 million, according to the approved prospectus.
The IPO has been divided into two main investor categories. Institutional investors, including local, regional and international entities, have been allocated 1.003 billion shares, equivalent to 60 per cent of the total offer. Subscription for this category will run from June 16 to June 25, 2026, with a price range of 146 to 156 baisas per share.
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The institutional tranche includes an allocation of up to 30 per cent of the total offer, or 501.7 million shares, for non-local investors, while at least 30 per cent of the offer has been reserved for local investors.
Retail investors have been allocated 668.9 million shares, representing 40 per cent of the total offering. This tranche will be split equally between large and small individual investors and will be offered on a pro-rata basis. Subscription for retail investors will also run from June 16 to June 25, at a fixed price of 156 baisas per share.
Under the terms of the prospectus, any unsubscribed shares from the retail tranche may be transferred to the institutional tranche if additional demand exists. The FSA also retains the authority to determine the allocation mechanism for small investors in the event of oversubscription.
OMIFCO said it intends to adopt a semi-annual cash dividend policy following its listing, with dividend distributions planned in April and September each year, subject to the necessary approvals.
The OMIFCO offering is expected to be one of the most significant IPOs in Oman’s financial market, reflecting the company’s position in the fertiliser industry and its contribution to the country’s industrial sector and broader economy. The listing is also expected to widen investor participation in the ownership of one of Oman’s leading industrial companies.
