Quickmart Prices its IPO at KES 7.50 Per Share

Quickmart has priced its IPO at KES 7.50 per share, valuing the supermarket chain at KES 30B, equivalent to 12.9x projected FY2026 adjusted earnings (P/E).

The IPO will offer 2B existing shares, equivalent to 50% of Quickmart,raising KES 15B if fully subscribed.Quickmart itself will receive no proceeds.

The offer opens October 5 and closes October 30, with trading on the NSE expected to begin on November 12.

At the offer price, Quickmart is valued at 5.7x projected FY2026 EV/adjusted EBITDA. The projected FY2026 dividend of KES 0.50 per share implies a 6.7% dividend yield.

 Quickmart projects FY2026 revenue of KES 58.2B, rising to KES 67.4B in FY2027, with its store network expected to reach 73 stores by end-2026.

IFC has conditionally committed about KES 1.94B as a cornerstone investor, equivalent to roughly 6.45% of Quickmart after listing.

Kenyan retail investors have been allocated 20% of the offer, Kenyan institutions 35%, EAC investors 12%, foreign investors 20% and IFC 13%.

The minimum application is 500 shares,meaning retail investors can participate from KES 3,750.

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