Quickmart sets Sh7.5 price per share ahead of NSE listing
The retailer has set the minimum subscription at 550 shares, equivalent to Sh4,125, with the offer running from October 5 to October 30, 2026.
Nairobi, Kenya – Quickmart, the prominent retailer, has fixed the price of its shares at Sh7.50 per share prior to its planned listing on the Nairobi Securities Exchange (NSE). The company announced that it will commence selling its two billion existing ordinary shares, constituting 50 percent of its issued share capital, between October 5 and October 30, 2026. This offering is projected to generate Sh15 billion.
Presently, Quickmart operates 72 stores spread across 16 counties, managing approximately five million customer transactions monthly. The company secured Sh50.4 billion in revenue during 2025 and reported an adjusted profit after tax of Sh1.7 billion. In pursuit of its growth strategy, Quickmart aims to expand its store network to over 100 locations throughout Kenya in the medium term.
The retailer's management has outlined its dividend policy for after the listing. It intends to allocate at least 80% of the annual profit after tax in the form of dividends, paid on a semi-annual basis, contingent upon the company's financial performance, capital requirements, and the discretion of the Board. Quickmart expects to distribute its initial dividend during the first half of 2027, following the completion of the current share sale.
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