Quickmart PLC launched its initial public offering on 5 October 2026, pricing each share at KSh 7.50 and valuing the supermarket chain at KSh 30 billion ahead of its Nairobi Securities Exchange debut.

The offer comprises 2 billion existing ordinary shares, representing exactly half of Quickmart’s issued share capital, and will remain open for applications until 30 October 2026.

Retail investors can apply for a minimum of 500 shares, equivalent to KSh 3,750, through the e‑offer portal, USSD code *483*803#, or physical forms via designated placing agents.

Kenyan retail investors have been allocated 20 % of the offer, while Kenyan institutional investors receive 35 %; East African Community investors get 12 %, and foreign investors 20 %.

The International Finance Corporation (IFC) has conditionally committed up to USD 15 million (approximately KSh 1.94 billion) as a cornerstone investor, targeting a roughly 6.5 % stake in Quickmart post‑listing.

If the IPO is fully subscribed, the transaction will raise KSh 15 billion, although Quickmart itself will not receive proceeds because the shares are being sold by its current shareholder, Sokoni Retail Kenya Limited.

Results of the subscription will be announced on 6 November, with share allotments to investor CDS accounts scheduled for 11 November and trading expected to begin on the Main Investment Market Segment on 12 November.

The offer is conditional on receiving valid applications covering at least 75 % of the shares on offer (1.5 billion shares); failure to meet this threshold will trigger a cancellation and refund of all application funds.

The selling shareholder is subject to a 24‑month lock‑up on 60 % of its post‑offer shareholding, limiting its ability to sell those shares immediately after the listing.

Quickmart projects FY2026 revenue of KSh 58.2 billion, a dividend of KSh 0.50 per share (yielding 6.7 % at the offer price), and plans to expand its store network to 73 outlets by year‑end.