{"id":90573,"date":"2026-06-15T00:00:00","date_gmt":"2026-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=90573"},"modified":"2026-06-15T09:38:20","modified_gmt":"2026-06-15T09:38:20","slug":"india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/","title":{"rendered":"India-Oman fertilizer asset floats USD 678 mn Muscat listing"},"content":{"rendered":"

The Oman India Fertilizer Company (Omifco) is set to raise up to OMR 260.9 mn (USD 678 mn) through an IPO on the Muscat Stock Exchange<\/strong>, as per its prospectus<\/a>. Subscription kicks off tomorrow and runs through 25 June, with trading expected to begin on 8 July. This will be Oman’s first listing since the outbreak of the US-Iran war.<\/p>\n

Offer details:<\/strong> Omifco is offering 1.6 bn shares, equivalent to 25% of its total share capital, at a price range of USD 0.3-0.4 per share — valuing the fertilizer producer at up to OMR 1 bn (USD 2.7 bn). Institutional investors will receive 60% of the offering, while the rest is set aside for the retail investors.<\/p>\n

Advisors:<\/strong> Bank Muscat and Société Générale will be global advisers on the issue, with Arqaam Capital and United Securities as joint bookrunners.<\/p>\n

India-Oman corridor asset heads to market<\/p>\n

The backstory:<\/strong> Established in 1998, Omifco is a joint venture in which Oman’s energy firm OQ owns a 50% stake, while Indian Farmers Fertilizer Cooperative and Krishak Bharati Cooperative each hold 25%. Between 2023 and 2025, India’s agrarian sector absorbed 71% of Omifco’s urea<\/a> and 61% of its ammonia under long-term offtake agreements.<\/p>\n

Why it matters:<\/strong> While the war has resulted in a near-total choke of the Strait of Hormuz, Omifco’s production facilities in Sur sit entirely outside the chokepoint on Oman’s eastern coastline<\/a>. By supplying urea to one of the world’s largest importers through a long-standing bilateral partnership, the company maintained uninterrupted exports and capitalized on a four-year peak in global nitrogen prices.<\/p>\n

Testing the war waters<\/p>\n

Why the calculus holds:<\/strong> India’s 10-year offtake agreement with OQ Trading kicked off<\/a> in February this year, with over half of Omifco's production flowing directly into a subsidized Indian government supply program. This locks in long-term cashflows for a company that already boasts a 40% net gain margin on its USD 802 mn revenue base.<\/p>\n

Thawing a Gulf market freeze:<\/strong> While the war has led peer issuers across the Gulf to shelve listings, the Omifco IPO means exposure for investors to a key India-Oman industrial corridor asset at a time of spiking fertilizer costs and renewed focus on Gulf food-security supply chains. It is set to be an early test of regional equity-market sentiment in the aftermath of the war’s economic rut.<\/p>\n

What’s next:<\/strong> Omifco is also evaluating<\/a> a potential expansion that could significantly raise ammonia and urea production capacity, though no final investment decision has been made.<\/p>\n","protected":false},"excerpt":{"rendered":"

Backed by long-term Indian offtake agreements and production facilities outside Hormuz, Omifco will be an early gauge of investor appetite for Gulf equities<\/p>\n","protected":false},"author":0,"featured_media":90574,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2723],"tags":[2568,2659,2798,2920,2722],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-fertilizers","tag-india-gcc-corridor","tag-india-oman-relations","tag-india-oman-trade","tag-the-big-story-today","wpautop","entry"],"acf":{"full_issue_title":"India-Oman fertilizer asset floats USD 678 mn Muscat listing","teaser":"Backed by long-term Indian offtake agreements and production facilities outside Hormuz, Omifco will be an early gauge of investor appetite for Gulf equities","mongo_id":"61e00d3871f1b3923f2eff49","order":"2","related_issue":[90568],"story_type":"1"},"yoast_head":"\nIndia-Oman fertilizer asset floats USD 678 mn Muscat listing - MENA India Corridor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India-Oman fertilizer asset floats USD 678 mn Muscat listing\" \/>\n<meta property=\"og:description\" content=\"Backed by long-term Indian offtake agreements and production facilities outside Hormuz, Omifco will be an early gauge of investor appetite for Gulf equities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\" \/>\n<meta property=\"og:site_name\" content=\"MENA India Corridor\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-15T09:38:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/internal\/90574.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"India-Oman fertilizer asset floats USD 678 mn Muscat listing\",\"datePublished\":\"2026-06-15T00:00:00+00:00\",\"dateModified\":\"2026-06-15T09:38:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\"},\"wordCount\":429,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/internal\/90574.jpg\",\"keywords\":[\"Fertilizers\",\"India-GCC Corridor\",\"India-Oman relations\",\"India-Oman trade\",\"THE BIG STORY TODAY\"],\"articleSection\":[\"THE BIG STORY TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\",\"name\":\"India-Oman fertilizer asset floats USD 678 mn Muscat listing - MENA India Corridor\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/internal\/90574.jpg\",\"datePublished\":\"2026-06-15T00:00:00+00:00\",\"dateModified\":\"2026-06-15T09:38:20+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage\",\"url\":\"https:\/\/ent.news\/internal\/90574.jpg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/90574.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/mena-india\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"India-Oman fertilizer asset floats USD 678 mn Muscat listing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/84573.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/84573.svg\",\"caption\":\"EnterpriseAM-MENA-India-Corridor\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"India-Oman fertilizer asset floats USD 678 mn Muscat listing - MENA India Corridor","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/","og_locale":"en_US","og_type":"article","og_title":"India-Oman fertilizer asset floats USD 678 mn Muscat listing","og_description":"Backed by long-term Indian offtake agreements and production facilities outside Hormuz, Omifco will be an early gauge of investor appetite for Gulf equities","og_url":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/","og_site_name":"MENA India Corridor","article_published_time":"2026-06-15T00:00:00+00:00","article_modified_time":"2026-06-15T09:38:20+00:00","og_image":[{"url":"https:\/\/ent.news\/internal\/90574.jpg","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/"},"author":{"name":"","@id":""},"headline":"India-Oman fertilizer asset floats USD 678 mn Muscat listing","datePublished":"2026-06-15T00:00:00+00:00","dateModified":"2026-06-15T09:38:20+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/"},"wordCount":429,"publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/internal\/90574.jpg","keywords":["Fertilizers","India-GCC Corridor","India-Oman relations","India-Oman trade","THE BIG STORY TODAY"],"articleSection":["THE BIG STORY TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/","url":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/","name":"India-Oman fertilizer asset floats USD 678 mn Muscat listing - MENA India Corridor","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage"},"thumbnailUrl":"https:\/\/ent.news\/internal\/90574.jpg","datePublished":"2026-06-15T00:00:00+00:00","dateModified":"2026-06-15T09:38:20+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#primaryimage","url":"https:\/\/ent.news\/internal\/90574.jpg","contentUrl":"https:\/\/ent.news\/internal\/90574.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/mena-india\/2026\/06\/15\/india-oman-fertilizer-asset-floats-usd-678-mn-muscat-listing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/mena-india\/"},{"@type":"ListItem","position":2,"name":"India-Oman fertilizer asset floats USD 678 mn Muscat listing"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/mena-india\/#website","url":"https:\/\/enterpriseam.com\/mena-india\/","name":"EnterpriseAM-MENA-India-Corridor","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/mena-india\/#organization","name":"EnterpriseAM-MENA-India-Corridor","url":"https:\/\/enterpriseam.com\/mena-india\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/84573.svg","contentUrl":"https:\/\/ent.news\/internal\/84573.svg","caption":"EnterpriseAM-MENA-India-Corridor"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/"}}]}},"featured_image_src":"https:\/\/ent.news\/internal\/90574.jpg","featured_image_src_square":"https:\/\/ent.news\/internal\/90574.jpg","author_info":{"display_name":"","author_link":"https:\/\/enterpriseam.com\/mena-india\/author\/"},"jetpack_featured_media_url":"https:\/\/ent.news\/internal\/90574.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/90573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/comments?post=90573"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/90573\/revisions"}],"predecessor-version":[{"id":90610,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/90573\/revisions\/90610"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue\/90568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media\/90574"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media?parent=90573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/categories?post=90573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/tags?post=90573"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/brand?post=90573"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}