The Oman Financial Services Authority has approved the prospectus for the initial public offering of Oman India Fertiliser Company, clearing the way for the sale of 1,672,343,750 shares, equal to 25% of the company’s share capital, and its listing on the Muscat Stock Exchange. The offering is valued at OMR 260,885,625, with subscriptions for all investor categories scheduled to run from 16 June 2026 to 25 June 2026. The IPO is split between institutional and individual investors. Institutional investors have been allocated 1,003,406,250 shares, or 60% of the offer, at 146 to 156 baisa per share, with up to 30% of the total offer available to non-local investors and at least 30% reserved for local investors. Individual investors have been allocated 668,937,500 shares, or 40% of the offer, split equally between high-net-worth and retail investors and priced at 156 baisa per share on a pro-rata basis. If demand in the individual tranche falls short, unsubscribed shares may be transferred to the institutional tranche if there is additional demand there. The prospectus also allows the authority to determine the allocation mechanism for the retail segment in the event of oversubscription. Following listing, the company intends to adopt a semi-annual cash dividend policy, with payments in April and September, subject to approvals.

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