Quickmart Limited is one of Kenya's fastest-growing retail supermarket chains, with a strong presence across the country. We initiate coverage on Quickmart Limited following the Company’s announcement of its intention to float 50.0% of its shares on the Nairobi Securities Exchange. Our equity value estimate ranges between KES 31.2 BN to KES 37.3 BN. Quickmart is a supermarket chain operating in the Kenyan retail space and had 72 stores as at August 2026. In 2026, the Company has rolled-out 8 stores so far. Robust store roll-out in the medium term will be a key growth driver for the Company, paired with improving profitability margins. Return on equity stood at 134.1% as at FY25.

This is an opportunity for both retail and institutional investors to participate in the growth story of one of Kenya's leading retailers. Dyer & Blair Investment Bank is proud to facilitate this process for our clients.