The Nairobi Securities Exchange (NSE) is experiencing a rare surge in activity, with three new listings expected by the end of July, a welcome change after nearly a decade without major public offerings.
The latest entrant is Shri Krishana Overseas (SKL) Limited, a family-owned company that specializes in packaging solutions. SKL made its debut on the bourse with 50.5 million ordinary shares listed at a price of KES 5.90 per share, with 8.7 million shares immediately available for trading.
SKL’s listing follows closely behind the debut of Linzi FinCo 003, an Infrastructure Asset-Backed Security (IABS) designed to fund the construction of the Talanta Stadium, a 60,000-seat venue in Nairobi that will host matches during the AFCON 2027 and is being financed through Kenya’s capital markets.
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For SKL, joining the NSE marks a significant milestone. According to Managing Director and Founder Sonvir Singh, the listing will help institutionalize the business and secure its long-term future. “We’re laying the foundation for SKL to outlast its founders. Being listed means adopting robust structures that support sustainability and growth,” he said during the bell-ringing ceremony.
Co-founder and Finance Director Nirmla Devi added that the move will enable SKL to raise future capital and accelerate its expansion strategy: “This gives us greater visibility and the tools to deliver on the growing demand for sustainable packaging across the region.”
SKL now joins a small but growing number of family-owned businesses on the NSE, contributing to a more diverse and representative market.
Another major listing on the horizon is the long-anticipated IPO of Kenya Pipeline Company (KPC), a state-owned enterprise. The listing, which still awaits final government approval, would be a landmark step in President William Ruto’s privatization agenda aimed at improving governance and transparency in public institutions.
