NAIROBI, Kenya, July 13 – Packaging solutions provider Shri Krishana Overseas Ltd (SKL) is set to list 50.5 million ordinary shares on the Nairobi Securities Exchange (NSE) on July 24, marking the first listing on the bourse since 2020 and the first by a packaging company.
The shares will be listed by introduction on the NSE’s Small and Medium Enterprises (SME) Market Segment at a reference price of Sh5.90.
Of the total shares, 8.7 million will be available for public trading, offering new investors access to Kenya’s expanding packaging sector.
Founded in 2009, SKL serves clients in the manufacturing, floriculture, and agriculture sectors.
The company’s decision to go public is aimed at enhancing its capital-raising capacity and positioning for future expansion.
“This is a strategic move to open access to long-term financing for our growth plans,” said Dr. Sonvir Singh, SKL’s Managing Director and Co-founder.
Kenya’s packaging industry was valued at $585 million at the end of 2021, with the sector seeing shifts toward eco-friendly materials, digital printing, and improved supply chain transparency, in response to consumer and environmental demands.
NSE Chief Executive Frank Mwiti welcomed the listing, saying it reflects investor interest in mid-sized, growth-oriented firms.
“It also supports the NSE’s 2025–2029 strategic plan to deepen capital markets and attract more SMEs,” he said.
Transaction advisors involved in the listing include Synesis Capital (lead advisor), MWC Legal, Afrek and Associates, and Image Registrars.
The listing is expected to provide liquidity for current shareholders, while also improving SKL’s corporate governance and visibility within the market.
