NAIROBI, Kenya – Quickmart Supermarket has opened the sale of its 2 billion shares at the Nairobi Securities Exchange (NSE) under the Initial Public Offering (IPO).
The retail store announced that the share sale will run from Monday, October 5 to Friday, October 30, ahead of the official listing on the NSE Main Investment Market Segment in November 2026.
How much is Quickmart’s minimum share price?
The company invited interested investors with KSh 3,750 to purchase a minimum of 500 shares at KSh 1.75 per share.
“Quick Mart PLC is pleased to announce that it has received requisite regulatory approvals for its Initial Public Offering (IPO) and the subsequent listing of the Ordinary Shares on the Main Investment Market Scheme (MIMS) of the Nairobi Securities Exchange (NSE).
“The IPO is by way of an Offer for Sale of 2,000,000,000 existing Ordinary Shares, each having a nominal value of KSh 0.20 and an Offer Price of KSh 7.50, by Sokoni Retail Kenya Limited (selling shareholder),” Quickmart said in a public announcement on Monday, October 5.
The company noted that the total Offer size is KSh 15 billion, placing the market capitalisation at offer price KSh 30 billion and percentage of issued share capital at 50%.
Who else is buying Quickmart shares
Meanwhile, the supermarket revealed that about $15 million (KSh 1.94 billion) in offer shares are reserved for the International Finance Corporation (IFC).
IFC conditionally committed to purchase the shares, but its participation remains subject to approval by its board of directors and does not constitute an endorsement of Quickmart or the Offer.
Why you should put money in regulated investments
Speaking exclusively to News9.africa, financial and investment analyst Alfred Mathu advised investors to look into the best investment offers that come with legitimacy – transparent and regulated.
“A good investment should not be defined by returns only, but by its legitimacy; it should be transparent and be regulated. Only deal with approved and licensed institutions by the Capital Market Authority (CMA),” said Mathu.
There has been a recent wave of fraudulent investment schemes in Kenya, defrauding investors of their hard-earned money.
CMA took two suspects, Quant Vest Securities Exchange (QVSE) & Global Investment Group (GIG), operating fraudulent investment schemes, before the Milimani Law Courts for plea-taking in September 2026.
The two are part of the 15 listed investment scams, which defrauded millions of shillings from investors in the country.
Mathu urged investors to conduct due diligence before rushing to stash money in any investment scheme.
“Confirm that the funds are also licensed, and check the management team/directors. Check withdrawal conditions and avoid cash investments.
Always diversify your investments with valid CDS accounts,” he said.
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