Quickmart, one of Kenya’s largest supermarket chains, opened its initial public offering on 5 October 2026, putting half of the company in front of public investors. The offer is priced at Sh7.50 a share and runs until 30 October, with a debut on the Nairobi Securities Exchange expected on 12 November. At that price, the offer values the company at Sh30 billion.
The deal is structured as a sale of existing shares. Quick Mart PLC is offering two billion ordinary shares, equal to 50 percent of its issued share capital, and these are being sold by its selling shareholder, Sokoni Retail Kenya Limited. Reporting indicates the company itself will not benefit directly. If fully subscribed, the sale could raise KES 15 billion, all of which goes to the selling shareholder, and Quickmart receives no proceeds. Because the transaction is an offer for sale rather than a capital raise, no new shares are being issued.
The Capital Markets Authority has approved the offer and the information memorandum, and the NSE has approved the listing of all four billion shares on its Main Investment Market Segment. For retail participants, the minimum application is 500 shares, with further applications made in blocks of 100 shares.
On valuation, the offer price equals about 12.9 times Quickmart’s projected 2026 adjusted earnings of roughly KSh 2.32 billion. The company has also outlined a dividend plan. After listing, it intends to pay out at least about 80% of annual profit after tax, twice a year, subject to reserves, capital needs and board approval. Quickmart projects FY2026 revenue of Sh58.2 billion and has indicated a projected dividend of Sh0.50 per share.
The listing is also notable for the market. Quickmart is seeking to become the first supermarket to join the NSE since Uchumi listed in 1992, and generated KSh 50.4 billion in FY2025 revenue. At its implied valuation it would debut as the NSE’s 20th most valuable company.
