The Nairobi Securities Exchange (NSE) is set to welcome its first listing of a packaging company in five years with the entry of Shri Krishana Overseas Ltd (SKL), a leading packaging solutions provider.
In a statement shared on July 8, SKL has indicated that it will list 50.5 million ordinary shares by introduction on July 24, 2025, at an offer price of Ksh5.90 per share on the SME Market Segment.
SKL will become the first packaging company ever to list on the NSE, and the first firm listed by introduction since 2020.
According to SKL Managing Director and Co-founder Dr. Sonvir Singh, the listing is an important step aimed at fueling the company’s expansion plans and attracting investors into a steadily growing and sustainable sector.
“Listing on the NSE’s SME Market Segment is a strategic decision that will provide SKL with access to the capital markets, enabling us to raise funds and accelerate our future expansion plans while presenting opportunities for investors seeking to participate in Kenya’s packaging sector,” said Dr. Sonvir.
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Growth of SKL in Kenya’s Packaging Industry
Kenya’s packaging industry was valued at approximately Ksh75 billion ($585 million) by the end of 2021 and continues to grow, driven by rising demand across manufacturing, agriculture, and floriculture.
The sector is also experiencing a shift towards eco-friendly, smart, and cost-efficient packaging solutions, making SKL’s public debut especially timely.
Dr. Singh highlighted that SKL is uniquely positioned at the intersection of innovation and sustainability, leveraging digital printing, automation, and supply chain transparency.
At the same time, Kumar Sheth, a transaction advisor from IM Consulting Services Ltd, said the listing would strengthen SKL’s governance, accountability, and long-term sustainability.
“This listing will play a key role in further enhancing corporate governance and stakeholder trust, elements that will further strengthen SKL long-term sustainability,” he noted.
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NSE Welcomes a New Era for Listings
The CEO of the Nairobi Securities Exchange Frank Mwiti described the listing as a landmark development for the bourse and a boost for the broader SME ecosystem.
“We are delighted with the upcoming listing of SKL Limited on the NSE. This listing is a testament to the company’s strong fundamentals and future growth prospects.
“The listing will also provide the company with unparalleled access to a broad range of both domestic and international investors, creating opportunities for efficient capital raising to support its expansion strategy, innovation pipeline, and long-term value creation,” he said.
He added that the listing aligns with the NSE’s 2025–2029 Strategic Plan, which aims to empower high-potential SMEs to scale and institutionalize through capital markets.
Out of the 50.5 million shares listed, 8.7 million will be made available to the public.
The transaction was led by Synesis Capital as the lead advisor, with MWC Legal providing legal support and Afrek and Associates acting as the reporting accountants.
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