Quickmart Opens Public Share Offer
Quickmart has officially opened its public share offer, marking a major step toward the supermarket chain’s planned listing on the Nairobi Securities Exchange.
The offer opened on Monday, October 5, 2026, and will run until October 30.
Under the offer, 2 billion existing ordinary shares are being made available at KSh7.50 per share, putting the total value of the transaction at KSh15 billion.
The shares represent 50 per cent of Quickmart’s issued share capital.
This means the public will have an opportunity to become shareholders in one of Kenya’s largest homegrown supermarket businesses.
Minimum Quickmart Share Purchase Set at KSh3,750
The minimum application has been set at 500 shares.
At KSh7.50 per share, the minimum application is therefore worth KSh3,750.
Additional applications must be made in multiples of 100 shares, while there is no maximum application limit under the offer terms.
The offer is also subject to a minimum subscription condition. At least 75 per cent of the shares on offer, equivalent to 1.5 billion shares, must be taken up for the transaction to proceed unless the requirement is waived or reduced with regulatory approval.
Quickmart Will Not Receive the IPO Proceeds
One important feature of the transaction is that this is an offer for sale, rather than an issue of new shares.
The shares are being sold by existing shareholders through Sokoni Retail Kenya Limited, the company’s current shareholder.
As a result, Quickmart itself will not receive the proceeds from the sale. The money will go to the selling shareholder after the applicable transaction costs.
The transaction is therefore primarily designed to broaden ownership of the retailer and bring the company into Kenya’s public capital markets.
Quickmart Has 72 Stores Across 16 Counties
The supermarket has expanded significantly since its first store opened in Nakuru in 2006.
Quickmart now operates 72 stores across 16 counties, according to its official IPO information.
The retailer says it serves millions of customer transactions and has more than 8,000 employees, while its Q-Points loyalty programme has about 2.5 million members.
Quickmart is currently Kenya’s second-largest supermarket chain by store count and turnover, behind Naivas.
Its expansion has included supermarket, hypermarket and express formats, with 35 of its current stores operating around the clock.
Quickmart Reports Strong 2025 Financial Performance
The share offer comes as the retailer reports significant growth in its business.
For the year ended December 2025, Quickmart recorded KSh50.43 billion in sales, while net profit reached KSh1.51 billion.
Business Daily reported that the profit represented a 33 per cent increase from the previous year, while sales grew by 9.3 per cent.
The company’s official IPO information also reports 2025 revenue of about KSh50.4 billion and adjusted profit after tax of approximately KSh1.7 billion.
The difference reflects the distinction between reported profit and the company’s adjusted profit figure.
Quickmart Targets NSE Listing in November
Following the share offer, Quickmart is expected to join the Nairobi Securities Exchange’s Main Investment Market Segment.
The planned listing date is November 12, 2026, with the shares expected to begin trading on the same day, subject to the offer timetable and any approved changes.
The offer results are expected to be announced on November 6, while shares are expected to be credited to successful applicants’ CDS accounts from November 11.
How the Quickmart Share Offer Works
Eligible investors can submit applications through the official Quickmart IPO portal, Safaricom’s Ziidi Trader platform or the official USSD channel *483*803#.
Applicants require a valid CDS account for the shares to be credited.
The official Quickmart IPO portal also advises potential investors to read the Information Memorandum and understand the offer terms before making an investment decision.
The offer is not a guarantee of returns, and share prices can rise or fall after listing. The regulatory approvals for the offer should also not be interpreted as an endorsement of the investment.
Quickmart Brings Kenyan Retail Into the Public Market
The planned listing represents a significant development for Kenya’s retail and capital markets.
For years, Quickmart has grown from a single Nakuru outlet into a national supermarket chain competing with established retailers across the country.
Now, with half of its issued share capital being offered to the public, the company is preparing to move from a privately held business into a publicly traded company.
If the offer proceeds according to the current timetable, Quickmart shares will begin trading on the NSE on November 12, giving the retailer a new chapter in its growth story and bringing a major Kenyan consumer brand into the country’s public market.
