Quickmart’s initial public offering will generate total fees of KSh575.5 million for advisors and regulators.

The fee pool includes KSh476.2 million allocated to the company’s advisors, which are SBG Securities, Stanbic Bank, Dyer and Blair Investment Bank and Coulson Harney LLP.

Quickmart will also spend KSh70 million on marketing and advertising, KSh24 million on regulatory fees payable to the Capital Markets Authority and the Nairobi Securities Exchange, and KSh5.3 million on miscellaneous costs.

SBG Securities is the lead transaction advisor, sponsoring broker and lead placing agent.

Stanbic Bank acts as a lead transaction advisor and the receiving bank.

Dyer and Blair Investment Bank is a co-placing agent.

Coulson Harney, trading as Bowmans in Kenya, provides legal advice.

Ernst & Young LLP are the reporting accountants.

Image Registrars Limited serves as the data processing agent and share registrar.

Creide Limited handles public relations and Adili Corporate Services Kenya LLP advises on corporate governance.

Quickmart said the issuer estimates total costs and expenses of approximately KSh575.6 million, to be borne by the selling shareholders.

The company added that the estimated expenses represent about 3.8 per cent of the gross proceeds, or KSh0.29 per offer share.

The founders will receive net proceeds of KSh14.4 billion after paying the professional and regulatory fees.

They are selling two billion shares at an offer price of KSh7.5, giving a gross value of the partial exit of KSh15 billion.

The IPO opened on Monday last week and will close on October 30, 2026.

Regulators and advisory firms have earned large fees from recent listings on the Nairobi Securities Exchange.

The Kenya Pipeline Company IPO was the most lucrative, providing KSh2.99 billion in fees to regulators and advisors including Faida Investment Bank.

The National Treasury raised gross proceeds of KSh106.3 billion from the sale of a 65 per cent stake in that transaction, which was priced at KSh9 per share in March.

Family Bank paid total fees of KSh77.2 million when it listed on the exchange in June through an introduction without a public share sale.

Standard Investment Bank and PricewaterhouseCoopers LLP were among the firms paid professional fees for the bank’s listing at a price of KSh18 per share.

Quickmart is counting on earnings and dividend growth to attract investors to the IPO.

The retailer reported a net profit of KSh1.5 billion last year, up from KSh1.1 billion in 2024.

Sales rose to KSh50.4 billion from KSh46.7 billion, driven by new store openings and higher spending at existing outlets.

Once listed, Quickmart will become the second publicly-traded retailer on the Nairobi Securities Exchange after Uchumi Supermarkets.

Uchumi entered insolvency, with its reduced operations prioritised for creditor repayment.