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The Quickmart IPO results show the supermarket chain’s share sale was 122.7% subscribed, with 18,492 applications worth KSh 18.41 billion chasing 2 billion shares valued at KSh 15 billion. Quick Mart PLC published the results and final allocation on Friday, November 6, 2026, and said the shares will start trading on the Nairobi Securities Exchange (NSE) on November 12.
The offer was a sale of 2,000,000,000 existing shares at KSh 7.50 each by Sokoni Retail Kenya Limited, the selling shareholder. Applicants asked for 2,454,598,686 shares in total, an excess demand of 454,598,686 shares. The Capital Markets Authority approved the offer and listing on September 30, 2026, and the NSE gave its approval on October 1.
Quickmart IPO results by investor group
The Quickmart IPO results show demand was highest in the pool set aside for foreign investors, which was 298% subscribed. The company’s announcement gives the following subscription levels against each published pool:
| Investor category | Applications | Shares applied for | Value (KSh) | Pool subscription |
|---|---|---|---|---|
| Kenyan and EAC retail | 18,178 | 318,307,820 | 2,387,308,650 | 132.6% |
| Kenyan and EAC institutional | 263 | 700,171,500 | 5,251,286,250 | 109.4% |
| Foreign investors | 44 | 476,802,700 | 3,576,020,250 | 298.0% |
| Cornerstone investors | 7 | 959,316,666 | 7,194,874,995 | 99.9% |
| Total | 18,492 | 2,454,598,686 | 18,409,490,145 | 122.7% |
The retail figure includes 12,426 applications for 22,738,700 shares (KSh 170,540,250) made through Safaricom’s Ziidi Trader platform. Direct staff, including the group chief executive, applied for 69,416,499 shares worth KSh 520,623,743. Five applications for 118,666,500 shares (KSh 889,998,750) came from founder shareholders.
How the shares were allocated
After the Quickmart IPO results came in oversubscribed, the company applied the allocation policy in its offer documents, giving an overall allocation rate of 85.6%:
- Kenyan and EAC retail investors, including staff, got 100% of the shares they applied for (199,641,320 shares, or 10% of the offer).
- Kenyan and EAC institutional investors also got 100%, a total of 700,171,500 shares, or 35% of the offer.
- Foreign investors received the balance, 236,003,847 shares, an average allocation rate of 49.4%.
- Cornerstone investors got 90.1% of what they applied for in aggregate: IFC 258,000,000 shares, 337 Frontier 259,700,000, RWC Asset Management 173,150,000 and Mobilist 173,333,333.
Mobilist, which had a guaranteed allocation as a cornerstone investor, agreed to a scale-back of “approximately USD 5 million (approximately 4.3% of the Offer Shares)” to make room for more Kenyan and EAC institutional and foreign investors. Its allocation of 173,333,333 shares against the 259,800,000 it applied for is a cut of 86,466,667 shares, worth about KSh 648.5 million at the offer price. Founder shareholders were allocated no shares.
Under the Quickmart IPO results announcement, Sokoni Retail Kenya keeps 2,000,000,000 shares, or 50% of the company, after the offer. Earlier coverage of the deal includes the cornerstone investors who took 48% of the IPO, the IFC anchor commitment and an analyst’s fair value estimate for Quickmart shares.
Quickmart IPO results: what happens next
The Capital Markets Authority approved a revised timetable for the rest of the process:
- November 10, 2026: deadline for qualified institutional investors to pay for their shares.
- November 11, 2026: shares move to successful applicants’ CDS accounts, and refunds start where applicable.
- November 12, 2026: public trading begins on the NSE’s Main Investment Market Segment.
Following the Quickmart IPO results, Image Registrars Limited, the data processing agent, will notify each successful applicant of the shares allocated. The company said allocations remain subject to payment, and it may re-allocate shares if a successful applicant does not pay. Investors who want to trade after listing can read our guide on how to buy shares on the NSE.
“The Board is delighted with the strong response to the Offer, which was oversubscribed at an overall subscription level of 122.7%, with excess demand recorded across all investor pools (excluding the Cornerstone Investor pool),” the board said in the announcement, signed by chairperson JĂ©rĂ´me Loubère. It added that “Foreign Investor demand reached nearly three times the number of shares reserved for that pool.”
Frequently asked questions
What were the Quickmart IPO results?
The offer of 2 billion shares at KSh 7.50 drew 18,492 applications for 2,454,598,686 shares worth KSh 18,409,490,145, a subscription level of 122.7% against the KSh 15 billion on offer.
Did retail investors get all the Quickmart shares they applied for?
Yes. Kenyan and EAC retail investors, including Quickmart staff, were allocated 100% of the shares they applied for. Founder shareholders received no shares.
When will Quickmart shares start trading on the NSE?
Public trading is set to start on November 12, 2026, after the shares are credited to CDS accounts on November 11.
When will Quickmart IPO refunds be paid?
Quickmart said processing of refunds, where applicable, starts on November 11, 2026, the same day shares are moved to successful applicants’ CDS accounts.
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