NAIROBI, Kenya — Kenyans can now buy a stake in retail giant Quickmart following the official launch of its Initial Public Offering (IPO) on Monday, October 5, 2026. This landmark share offer gives both retail and institutional investors a rare opportunity to own a piece of the country’s second-largest supermarket chain by store count and sales turnover.
The retail giant is offering 2 billion existing ordinary shares priced at KSh7.50 each, placing the total value of the public offer at KSh15 billion. The entry barrier has been kept accessible for everyday retail investors, with the minimum investment set at 500 shares for a total cost of KSh3,750, with subsequent applications allowed in multiples of 100 shares.
The public offer represents exactly 50 percent of Quickmart’s issued share capital. The shares are being sold by the existing sole shareholder, Sokoni Retail Kenya Limited, which allows its founders and private equity fund Adenia Partners to complete a partial exit. Because this is a sale of existing shares rather than an issue of new capital, Quickmart itself will not receive any direct financial proceeds from the multi-billion shilling transaction.
Quickmart currently operates a network of over 70 stores distributed across 16 Kenyan counties, serving more than 5 million customers every month. The company enters the public market on a very solid financial footing, having reported KSh50.43 billion in revenue and KSh1.51 billion in profit after tax for the full year 2025. This strong performance has continued into 2026, with the retail chain generating KSh27.27 billion in revenue and a net profit of KSh872.8 million during the first half of the year.
Management projects total revenue for the full year 2026 to climb to KSh58.2 billion, with net profits expected to hit KSh2.10 billion. Backing up these numbers, the company plans a KSh2 billion dividend payout for the financial year 2026, which translates to KSh0.50 per share and an attractive 6.7 percent implied dividend yield at the offer price. Global institutions are also backing the move, with the International Finance Corporation conditionally committing to buy up to 15 million US dollars, equivalent to approximately KSh1.94 billion, of the offer shares.
The public share offer will run until 5:00 PM East African Time on Friday, October 30, 2026. Eligible investors can participate in the IPO through multiple digital channels, including the official Quickmart IPO online portal, the Safaricom Ziidi Trader mobile app, or by dialing the USSD code 483803# on their mobile phones. Following the close of the offer and subject to the final timetable, Quickmart shares are expected to officially begin trading on the Main Investment Market Segment of the Nairobi Securities Exchange on Thursday, November 12, 2026.
