The listing follows the successful conclusion of Quickmart’s Ksh15 billion IPO, which closed on October 30 after attracting 18,492 applications for 2.45 billion shares valued at Ksh18.41 billion—representing an oversubscription of 22.7 percent against the two billion ordinary shares on offer.
Priced at Ksh7.50 per share, the transaction functioned as an offer for sale by existing shareholder Sokoni Retail Kenya Limited—an entity backed by private equity investor Adenia Partners and the retailer’s founders—which retains a 50 percent stake following the partial exit.
All four billion issued shares of the company have been admitted to the NSE’s Main Investment Market Segment, following the crediting of Central Depository System (CDS) accounts and processing of excess application refunds on November 11.
While parliamentary committees raised pre-listing queries regarding regulatory disclosures, market analysts note that Quickmart’s debut—backed by a commitment to pay out at least 80 percent of annual profit after tax in semi-annual dividends—will serve as a critical bellwether for investor confidence in East Africa’s supermarket industry.
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https://peopledaily.digital/news/quickmart-plc-set-to-list-shares-on-the-nairobi-securities-exchange
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