NAIROBI, Kenya — 5 October 2026: Quick Mart PLC’s initial public offering opened at 9am East Africa Time, offering investors 2 billion existing shares at KSh7.50 each. Applications and retail-investor payments are due by 5pm EAT on 30 October.
The minimum application is 500 shares, costing KSh3,750. The offer gives the public an opportunity to buy into the supermarket business, but its structure matters: Quickmart is issuing no new shares and will receive none of the sale proceeds.
How can you apply for the Quickmart IPO?
You need a valid CDS account and at least KSh3,750 for 500 shares. Apply through the official online portal, the authorised USSD channel or a placing agent. Retail applications and payments close at 5pm EAT on 30 October 2026. Allocation and investment returns are not guaranteed.
The Information Memorandum dated 2 October identifies Sokoni Retail Kenya Limited as the selling shareholder. It is offering half of Quickmart’s 4 billion issued ordinary shares.
At the offer price, the sale has a gross value of KSh15 billion and implies a KSh30 billion equity valuation for the whole company. These are transaction figures, rather than a prediction of what the shares will be worth after listing.
The memorandum estimates net proceeds of approximately KSh14.4 billion after offer costs. Those proceeds go to Sokoni Retail Kenya. If all offered shares are sold, it retains 50% of Quickmart.
That distinction is important when reading claims that the IPO will provide the retailer with new expansion money.
The transaction transfers existing shares to new owners. Quickmart’s official FAQ says future growth will be funded primarily through cash generated by the business and other funding sources where appropriate. Khusoko’s launch report independently reports the same sale structure.
Minimum purchase and how to apply
BUSINESS TRENDS
Quickmart IPO Opens: Share Price, Deadline and How to Apply in Kenya
Oct 5, 2026
Oct 5, 2026
6 min read
Published
Updated:
NAIROBI, Kenya — 5 October 2026: Quick Mart PLC’s initial public offering opened at 9am East Africa Time, offering investors 2 billion existing shares at KSh7.50 each. Applications and retail-investor payments are due by 5pm EAT on 30 October.
The minimum application is 500 shares, costing KSh3,750. The offer gives the public an opportunity to buy into the supermarket business, but its structure matters: Quickmart is issuing no new shares and will receive none of the sale proceeds.
How can you apply for the Quickmart IPO?
You need a valid CDS account and at least KSh3,750 for 500 shares. Apply through the official online portal, the authorised USSD channel or a placing agent. Retail applications and payments close at 5pm EAT on 30 October 2026. Allocation and investment returns are not guaranteed.
The Information Memorandum dated 2 October identifies Sokoni Retail Kenya Limited as the selling shareholder. It is offering half of Quickmart’s 4 billion issued ordinary shares.
At the offer price, the sale has a gross value of KSh15 billion and implies a KSh30 billion equity valuation for the whole company. These are transaction figures, rather than a prediction of what the shares will be worth after listing.
ADVERTISEMENT
The memorandum estimates net proceeds of approximately KSh14.4 billion after offer costs. Those proceeds go to Sokoni Retail Kenya. If all offered shares are sold, it retains 50% of Quickmart.
That distinction is important when reading claims that the IPO will provide the retailer with new expansion money.
The transaction transfers existing shares to new owners. Quickmart’s official FAQ says future growth will be funded primarily through cash generated by the business and other funding sources where appropriate. Khusoko’s launch report independently reports the same sale structure.
Minimum purchase and how to apply
Applications start at 500 shares. Above that minimum, investors apply in multiples of 100 additional shares, each costing KSh750 at the offer price. For example, 600 shares cost KSh4,500 and 1,000 shares cost KSh7,500, before any payment-transfer charges.
The memorandum requires a valid Central Depository and Settlement account, commonly called a CDS account. Applicants without one should arrange it through a central depository agent before submitting an application.
ADVERTISEMENT
The official Quickmart application portal sets out three routes:
Online: Complete the electronic application, provide the required supporting documents and follow the payment instructions. Upload proof of payment where required.
USSD: Dial 483803#. The memorandum limits this channel to applications with an aggregate value of up to KSh250,000. The portal says users need an active registered Kenyan mobile number and a valid CDS account.
Physical form: Obtain the application form and submit it, with supporting documents, to an authorised placing agent before the deadline.
The Money254 application guide also describes these three routes. Investors should use the official offer material for the current terms and payment instructions, and retain their application confirmation, serial number and payment evidence.
Kenyan individual applicants are asked for their CDS number, identity document and KRA PIN certificate.
The offer also has an East African Community investor category and permits eligible foreign investors, subject to the memorandum’s selling restrictions. Regional eligibility does not remove the need to satisfy the applicable documentation and legal requirements.
Closing date, allocation and planned trading
The offer timetable separates applying, receiving an allocation and trading on the exchange. Buying an IPO allocation does not mean the shares are already available to sell.
Event | Scheduled date |
Offer opens | 5 October 2026, 9am EAT |
Retail applications and payments close | 30 October 2026, 5pm EAT |
Results and allocation notification | 6 November 2026 |
Qualified institutional investor payment deadline | 10 November 2026, 5pm EAT |
CDS credits and refund processing begin | 11 November 2026 |
NSE listing and trading begin | 12 November 2026 |
These are scheduled dates, not completed outcomes. The offer period may change with Capital Markets Authority approval, and amendments must be publicly announced.
TRENDING NOW
POPULAR TODAY
ADVERTISEMENT
Oversubscription can mean an applicant receives fewer shares than requested. The timetable specifies when refund processing begins; it does not promise every refund will arrive on that date.
Conditions and risks to read before applying
The offer requires valid accepted applications for at least 75% of the shares offered, equivalent to 1.5 billion shares, unless that condition is waived or reduced with prior CMA approval. It also requires allocations to at least 250 investors. If the offer lapses for failure to meet its minimum subscription condition, application money is refundable under the memorandum’s terms.
Regulatory approval is not an endorsement of the investment. The memorandum identifies exposure to Kenyan economic conditions, inflation and consumer spending, alongside business and market risks. A trading market may not develop or remain active enough for investors to sell when they want.
The KSh7.50 offer price is not a floor under the future market price. Dividends depend on declarations and the company’s circumstances; they are not assured income. Read the full risk disclosures before deciding whether the investment suits your finances.
For related coverage, XTRAfrica’s Dangote Refinery IPO application guide explains another African public offer. Its subscription terms are separate from Quickmart’s.
ADVERTISEMENT
RELATED ARTICLE
