The offer runs from 9am on October 5 to 5pm on October 30. Quick Mart PLC is selling two billion existing shares, half of its issued share capital, valuing the company at Sh30 billion. Applications above the minimum must be in multiples of 100 shares. There is no maximum, and no over-allotment option. Quickmart plans to announce the outcome and notify investors of their allocations on November 6.
Investors need a Central Depository System (CDS) account, since allotted shares are credited to it electronically. A licensed stockbroker or investment bank can open one. Quickmart has an online application portal, the USSD code 483803# and physical applications through placing agents.
The offer only proceeds if valid applications are received for at least 1.5 billion shares or 75 percent of those on offer. If not, it will not proceed and all application money will be refunded without interest. The International Finance Corporation has conditionally committed about Sh1.94 billion as a cornerstone investor.
The IPO is a sale of existing shares by Sokoni Retail Kenya Limited, so Quickmart receives none of the proceeds. After listing, Quickmart intends to pay out at least about 80 percent of annual profit after tax as dividends and has projected a Sh0.50 per share dividend for 2026, a yield of 6.7 percent at the offer price. Some analysts put the yield nearer 4 percent based on last year's audited profit. Quickmart has warned that its shares could trade below the offer price after listing
