Investment analysis firm Investia Africa has placed Quickmart Supermarket’s worth between KSh21.1 billion and KSh24.9 billion, a figure that sits below the KSh30 billion implied by the retailer’s planned initial public offering on the Nairobi Securities Exchange.
The IPO proposes a share price of KSh7.50, with the sale of two billion existing shares that would represent half of the company’s issued capital. The offer opened on October 5 and is set to close on October 30, with trading anticipated to start on November 12 pending regulatory approval.
Quickmart’s revenue rose from KSh25.68 billion in 2021 to KSh50.43 billion in 2025, while net profit increased from KSh182.6 million to KSh1.51 billion over the same period, reflecting a near-doubling of sales and an eight-fold rise in earnings.
Investia Africa highlighted that the strong financial record does not automatically guarantee a fair price, noting that investors should weigh the retailer’s growth outlook and funding requirements. The firm warned that meeting projected earnings for the second half of 2026 while financing expansion and dividend payments could be challenging.
Proceeds from the share sale will flow to Sokoni Retail Kenya Limited, Quickmart’s sole shareholder, rather than to the supermarket chain itself, meaning the company will not receive fresh capital from the transaction. The analysis also flagged that a portion of Sokoni’s post-IPO holdings may not be subject to sale-restriction rules.
Quickmart currently operates 72 stores across 16 counties and aims to add between 10 and 15 new outlets each year, positioning the listing as an opportunity for investors to acquire stakes in one of Kenya’s leading grocery retailers amid ongoing sector competition.
