Quickmart fair value estimated at Sh24.9bn, below Sh30bn offer value

Nairobi, Kenya – Investment analysis firm Investia Africa has estimated the quickvalue of Quickmart Supermarket to be between Sh21.1 billion and Sh24.9 billion, lower than the Sh30 billion expected from its planned IPO on the Nairobi Securities Exchange (NSE). This valuation prompts questions about the Sh7.50 offer price for Quickmart, which aims to sell half of its shares ahead of listing on November 12.

Quickmart's revenue has nearly doubled from Sh25.68 billion in 2021 to Sh50.43 billion in 2025, while its net profit increased from Sh182.6 million to Sh1.51 billion. However, Investia Africa cautions that this impressive track record does not guarantee a fair price. The company operates 72 stores across 16 counties and plans to open between 10 and 15 new outlets annually.

Investors are advised to consider whether Quickmart can meet its earnings projections for the second half of 2026 while funding expansion and paying out dividends. The offer involves selling two billion existing shares at Sh7.50 each, representing half of the supermarket's share capital, which will not bring new funds to the company.

The IPO closes on October 30, with trading slated to begin on November 12 after regulatory approvals.