# Quick Mart IPO Strong Demand

> Quick Mart's IPO sees 23% oversubscription as Kenya's second listing this year.
- Title: Quick Mart IPO Strong Demand · mint | Shortify
- Summary: Quick Mart's IPO sees 23% oversubscription as Kenya's second listing this year. Quick Mart Plc's IPO received 23% oversubscription with 2.45 billion shares…
- Keywords: quick mart, kenya, ipo, nairobi securities exchange, share price, initial public offering, bloomberg, mint
- Source: mint — https://livemint.com/market/quick-mart-ipo-draws-strong-demand-as-kenyan-listings-pick-up-11793993964421.html
- Published: 2026-11-06T19:39:24+00:00
- Read time: 1 min
- Topics: quick mart, kenya, ipo, nairobi securities exchange, share price, initial public offering, bloomberg, money, business
## Quick Mart IPO Demand
Quick Mart Plc saw demand for shares in its initial public offering exceed the number available by almost 23%.
## Share Applications
Investors applied for 2.45 billion shares at 7.50 shillings each while 2 billion were on offer.
## Applications Received
The firm got 18,492 applications from Kenyan and East African retail investors.
## Cornerstone Investors
Four cornerstone investors support the transaction including Redwheel Group’s RWC Asset Management LLP and 337 Frontier.
## Share Allocation
Just over 18,000 Kenyan investors received 119.6 million shares while 44 foreign buyers got 236 million shares.
## Trading Start
Quick Mart shares will begin trading on the Nairobi Securities Exchange on Nov. 12.
## Key takeaway

Quick Mart Plc's IPO received 23% oversubscription with 2.45 billion shares applied for at 7.50 shillings each.