In a move that underscores growing investor confidence in Kenya’s capital markets, Shri Krishana Overseas Limited (SKL) has officially been listed on the Nairobi Securities Exchange (NSE) under the Growth Enterprise Market Segment (GEMS). The successful listing marks a major milestone for both the company and the NSE, signalling renewed momentum for local enterprise participation in public markets.
The company will trade under the ticker symbol SKL, with shares debuting at KES 5.90 per share. A total of 50.5 million ordinary shares have been listed, of which 8.7 million are available to the public.
Founded in 2013, SKL has grown from a modest family-run business into one of Kenya’s fastest-growing packaging solutions providers. Initially operating with minimal turnover, the company posted a 4,000% increase in revenue within its first year, doubled that growth in its second year, and tripled it in the third. Even during the disruptions of the COVID-19 pandemic, the company continued to expand.
At the listing ceremony, Managing Director Dr. Sonvir Singh emphasized the strategic nature of the move, “Listing is not just a business decision it’s a legacy decision. While family businesses have their strengths, public companies are structured for longevity, transparency, and sustainability. This listing is a step toward securing SKL’s future for generations.”
Financial Director Nirmal Chaudhary echoed this vision, “We are not just celebrating a listing; we are fulfilling a vision rooted in sustainability, innovation, and community impact. Our journey is a testament to resilience and collaboration.”
SKL is currently executing a significant expansion project in Kajiado County, where it is constructing a manufacturing facility. Supported by SBM Bank, the plant is 70.0% complete and is expected to increase production capacity from 2,400 tonnes to 24,000 tonnes of corrugated boxes annually. The new plant features advanced machinery suited to the region’s growing demand for eco-friendly packaging solutions.
“In 2016, we bought five acres of land with this vision in mind,” said Dr. Singh. “That vision is now being realised.”
SKL’s listing is the first packaging solutions company to be successfully NSE listed since 2020, injecting fresh energy into a bourse that has seen limited new activity in recent years. By entering through the GEMS platform, SKL benefits from a regulatory framework tailored for high-growth SMEs, while providing investors access to one of the region’s most promising manufacturing sectors.
