Quickmart Sh15 Billion IPO
Quickmart Opens Sh15 Billion IPO Ahead of Planned November NSE Listing
Anonymous
Key Points
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Quickmart reported 2025 revenue of Sh50.4 billion and adjusted profit after tax of Sh1.7 billion; it also records about five million customer transactions each month.
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The company intends to pay dividends semi-annually and expects an initial dividend for the second half of 2026 in the first half of 2027, subject to performance, capital needs and board discretion.
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The offer allocates 20% of shares to Kenyan retail investors, 35% to Kenyan institutions, 12% to East African Community investors, 20% to foreign investors and 13% to the International Finance Corporation.
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Quickmart said the listing would “broaden its ownership base and create a meaningful public free float”; Sokoni Retail Kenya will retain the other 50% of the company after the sale.
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The offer is not underwritten and has no overallotment option. The minimum application is 500 shares, with applications in additional blocks of 100; investors need a CDS account to receive shares.
Kenya's Quickmart supermarket chain opened a Sh15 billion initial public offering on October 5, selling 2 billion existing shares at Sh7.50 each Serrar. The move values the retailer at Sh30 billion and will fund the partial exit of current owner Sokoni Retail Kenya, which will keep 50% of the company after the sale Business Now. Quickmart plans to list on the Nairobi Securities Exchange on November 12 if investors subscribe for at least 75% of available shares.
The 72-store supermarket chain reported Sh50.4 billion in 2025 revenue and Sh1.7 billion in adjusted profit after tax Nairobi Leo. Quickmart processes roughly five million customer transactions monthly and plans to expand to more than 100 stores. Management has committed to paying dividends semi-annually, targeting at least 80% of annual profits for shareholder payouts.
How the Sh15 Billion Sale Is Structured
Quickmart is selling 2 billion shares—exactly half its issued capital—at Sh7.50 per share Streamline. The Sh15 billion in proceeds go entirely to selling shareholder Sokoni Retail Kenya, not to the company itself. After the sale closes, Sokoni will own 50% while public shareholders hold the other half, broadening ownership beyond a single investor.
The offer requires a minimum 75% subscription threshold to proceed Bizna Kenya. If that target is missed, all investor application funds get refunded. The deal is not underwritten and has no overallotment option. Buyers must hold a CDS account and can apply for a minimum of 500 shares, then additional blocks of 100 shares.
Share Allocation Spans Kenya, East Africa and Global Investors
The IPO carves up share allocations across five investor categories Nairobi Leo. Kenyan retail investors get 20%, Kenyan institutions 35%, East African Community investors 12%, foreign investors 20%, and the International Finance Corporation 13%. This design spreads ownership among domestic and international capital sources before the November 12 listing.
Dividend Payouts Begin in 2027 If Performance Supports It
Quickmart pledged to pay dividends semi-annually to public shareholders after listing Serrar. The company targets distributing at least 80% of annual profit after tax, though actual payouts depend on financial performance and capital needs. The first dividend is expected in the first half of 2027 for the second half of 2026 results, subject to board discretion.
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