Quick Mart PLC announced a Ksh15 billion Initial Public Offering, offering 2 billion existing ordinary shares at Ksh7.50 each, representing half of its 4 billion share capital.

The offer is an Offer for Sale by Sokoni Retail Kenya Limited, the selling shareholder, and has received regulatory clearance from the Capital Markets Authority and the Nairobi Securities Exchange.

Investors must hold a valid Central Depository and Settlement Corporation (CDS) account before shares can be credited, and applications are irrevocable without Quick Mart’s written consent.

The minimum subscription is 500 shares, with additional applications in multiples of 100; there is no maximum limit and no over‑allotment option.

The offer period runs from 9:00 a.m. on Monday, Oct 5 to 5:00 p.m. on Friday, Oct 30, which is also the final payment date for retail investors.

A conditional cornerstone commitment of up to USD15 million (about Ksh1.94 billion) from the International Finance Corporation represents roughly 13 % of the offer, subject to IFC board approval.

The IPO will only proceed if at least 75 % of the shares (1.5 billion) are taken up by Oct 30; otherwise, all monies are refunded without interest.

Allocation results are expected on Nov 6, with qualified institutional investors paying on Nov 10, share crediting on Nov 11 and public trading commencing on Nov 12, 2026.

Applications can be submitted electronically via the IPO portal, through USSD code 483803# for purchases up to Ksh250 000, or by physical form sent to the placing agents by the Oct 30 deadline.

The selling shareholder faces a 24‑month lock‑up on 60 % of its post‑offer holdings, while SBG Securities acts as lead advisor, sponsoring broker and placing agent.