Quick Mart PLC has been assigned the trading symbol QMRT ahead of its planned listing on the Nairobi Securities Exchange (NSE), marking another step towards the supermarket chain’s entry into Kenya’s public equity market.
The retailer will trade under the symbol **QMRT**, with the trading code QMRT.O0000 and International Securities Identification Number (ISIN) KE9940001986.
The assignment comes as Quickmart prepares to list following its KSh15 billion initial public offering (IPO), which seeks to broaden ownership of one of Kenya’s largest homegrown supermarket chains.
The offer involves the sale of two billion existing ordinary shares at KSh7.50 each, representing 50 per cent of the retailer’s issued share capital.
The shares are being sold by Sokoni Retail Kenya Limited, Quickmart’s sole shareholder, rather than through the issuance of new shares. This means the proceeds from the transaction go to the selling shareholder and not directly to Quickmart for business expansion.
The IPO implies a market valuation of approximately KSh30 billion for the retailer at the offer price.
Quickmart is scheduled to begin trading on the NSE’s Main Investment Market Segment on November 12, 2026, subject to completion of the offer process and applicable conditions.
The company expects to announce the IPO results and share allocations on November 6, while successful applicants are expected to have their Central Depository System accounts credited from November 11. Refund processing for investors who receive fewer shares than they applied for is also scheduled to begin on that date.
The listing will give Kenyan investors an opportunity to own shares in a supermarket business whose operations span multiple counties.
According to the company’s IPO disclosures, Quickmart operates more than 70 stores across 16 counties and serves millions of shoppers through its retail network. The retailer also reports having more than 700 suppliers and approximately 8,000 employees.
The public offer has attracted institutional interest, including commitments from international investors. The company previously disclosed cornerstone commitments worth up to approximately KSh7.12 billion, combining accepted applications and a conditional commitment from the International Finance Corporation.
Quickmart’s entry into the NSE comes as the exchange seeks to attract more companies and broaden investment opportunities for local and international investors.
For investors, however, the assignment of a trading symbol does not guarantee gains once trading begins. The share price after listing will be determined by market demand and supply, and investors could sell below the KSh7.50 offer price.
The planned debut will place Quickmart among publicly traded companies on the NSE, allowing investors to buy and sell its shares through licensed stockbrokers once trading commences.
