Quickmart could soon become the next major Kenyan retailer to list on the NSE giving investors a chance to own a piece of the supermarket chain.
Here’s what we know so far:
• NSE listing: Quickmart intends to list on the Main Investment Market Segment, subject to regulatory approval.
• 50% of the company: The offer will involve 2 billion existing shares, representing 50% of Quickmart.
• No new capital: These are existing shares being sold by Sokoni Retail Kenya. Quickmart itself will not receive the proceeds and will continue funding expansion mainly from internally generated cash flows.
• Current footprint: 72 stores across 16 counties, with about 5 million customer transactions every month and 2.5 million Q-Points loyalty members.
• Financials: In FY2025, Quickmart reported KES50.4 billion in revenue and KES1.7 billion in adjusted profit after tax. Revenue grew at an 18.4% CAGR between FY2021 and FY2025.
• Growth plans: The company is targeting 100+ stores in Kenya over the medium term.
But there’s one big question investors can’t answer yet: What price will Quickmart’s shares be offered at?
The offer price, valuation, application period, minimum investment and listing date will be important details to watch when the offer prospectus and approvals are released.
The listing has been announced. The investment decision comes after we know the price.