OMAN IPO

Oman India Fertiliser Co. eyes $2.5B IPO amid price surge

Backed by the Oman Investment Authority and the Indian government, the company is planning to raise several hundred million dollars for a 25% stake

Getty Images

The waterfront Corniche road in Muscat, capital of Oman

Oman India Fertiliser Co. is weighing an IPO that could value the company at more than $2.5 billion, potentially making it one of the sultanate’s biggest stock offerings.

The fertilizer producer, which is backed by the Oman Investment...