Shri Krishana Overseas (SKL) Ltd, a leading provider of packaging solutions, has announced that it will list by introduction on the Nairobi Securities Exchange Plc (NSE) on July 24, 2025.
SKL will list 50.5 million ordinary shares at an offer price of KES 5.90 on the NSE’s Small and Medium Enterprises (SME) Market Segment of the NSE after the successful submission of its application to the NSE and the Capital Markets Authority.
On listing, 8.7 million ordinary shares will be made available to the public.
SKL Managing Director and Co-founder Dr. Sonvir Singh stated that the company’s listing will now open the door for future capital-raising initiatives and provide investors with more opportunities to participate in the promising packaging 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
Dr. Sonvir added that the promising packaging solutions sector is sustainably growing, supported by diverse demand from the manufacturing, floriculture, and agriculture sectors.
Kenya’s packaging industry has been rising and was worth approximately $585 million as of the end of 2021. The industry is also shifting towards eco-friendly materials, convenient designs, and smart technologies to meet consumer needs, reduce waste, and ensure product safety. Digital printing and supply chain transparency are also gaining traction.
Transaction advisors added that SKL’s listing will also be a boost for the manufacturer’s 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,” said Mr. Kumar Sheth of IM Consulting services Ltd, a corporate finance specialist with a focus on family businesses, who played a pivotal role in guiding SKL’s listing journey.
Commenting on the prospective listing, Mr. Frank Mwiti, Chief Executive Officer of the Nairobi Securities Exchange (NSE), stated. “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. The increased liquidity will also offer flexibility for existing shareholders and attract a new class of investors interested in supporting sustainable, growth-oriented businesses. Equally, through accessing public markets, SKL Limited will benefit from enhanced visibility, improved corporate governance, and increased brand credibility, key to supporting its net phase of growth.”
“The listing is aligned with the NSE 2025–2029 Strategic Plan, which places strong emphasis on enabling high-potential SMEs, such as SKL Limited, access long-term financing through the capital markets. SMEs are critical drivers of economic growth, job creation, and innovation in Kenya. We are confident that SKL Limited’s listing will serve as a catalyst, encouraging more SMEs to explore the capital markets as a viable avenue for scaling and institutionalizing their operations. This will contribute to the deepening and diversification of our market and enhance investor choice across sectors and company sizes,” he added.
The transaction advisers for the listing included Synesis Capital as the lead transaction advisor, MWC Legal as the legal advisors, and Afrek and Associates as the reporting accountants. Image Registrars Limited served both as the company secretary’s firm and the registrar, while Prakash Associates acted as auditors. 8 Ball Media was the public relations partner.
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