OMIFCO begins IPO roadshows

16/06/2026 04:26 AST

Oman India Fertiliser Company (OMIFCO), whose initial public offering (IPO) opens for public subscription on Tuesday, has begun a series of investor roadshows across the sultanate, with the first event taking place in Sur.

The roadshows will be held across several governorates as part of the company's efforts to enhance investment awareness and provide potential investors with key information ahead of the subscription period.

The meetings aim to introduce both retail and institutional investors to the opportunities presented by the IPO. Participants will be briefed on the company's operational and financial performance, future growth prospects, subscription procedures and participation mechanisms.

Following the inaugural event in Sur, the second roadshow will be held in Nizwa on Wednesday. Subsequent meetings will take place in Salalah in Dhofar Governorate and Sohar. The roadshows will conclude in Muscat at the Oman Convention and Exhibition Centre (OCEC) on June 24.

The OMIFCO IPO forms part of the strategic divestment programme of the Oman Investment Authority (OIA), supporting the objectives of Oman Vision 2040 to strengthen private sector participation and attract both domestic and foreign investment.

OMIFCO, an integrated ammonia and urea producer jointly owned by Omani and Indian shareholders, is seeking to raise up to RO260.88mn through the offering.

According to the IPO prospectus, the company's existing shareholders - OQ, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) - will offer a combined 1.672bn shares, representing 25% of OMIFCO's issued share capital.

The offer price range has been set at between 146bz and 156bz per share, implying an equity valuation of up to approximately RO1.04bn. The subscription period will run from June 16 to June 25, 2026.

The OMIFCO offering marks the fifth IPO undertaken by the OQ Group and its subsidiaries. The transaction is expected to deepen the Omani capital market, broaden the investor base and strengthen the position of the Muscat Stock Exchange (MSX) as an attractive destination for local, regional and international investors. The offering is also expected to diversify and expand the shareholder base by providing investors with an opportunity to participate in a company with a strong operational and financial track record and an established presence in global fertiliser markets.

Muscat Daily