Your application
KES 7.50 a share, minimum 500 shares (KES 3,750). Closes 30 Oct 2026.
When more money is offered than there are shares, applications can be scaled back and the rest refunded. The results on 6 Nov 2026 say what you got.
What you get
You apply for
2,666 shares
KES 19,995.00 paid in; KES 5.00 left over.
If the price on 12 Nov 2026 is
| Price move | Price | Worth | Gain or loss |
|---|---|---|---|
| -30% | 5.25 | 13,997 | -5,998 |
| -20% | 6.00 | 15,996 | -3,999 |
| -10% | 6.75 | 17,996 | -1,999 |
| Offer price | 7.50 | 19,995 | 0 |
| +10% | 8.25 | 21,995 | +2,000 |
| +20% | 9.00 | 23,994 | +3,999 |
| +30% | 9.75 | 25,994 | +5,999 |
Before any broker’s fees when you sell. Prices can move further than these.
- A year’s dividend, after tax
- KES 1,266
- the company's forecast for 2026, less 5% tax: 6.3% a year
- The same KES 19,995 in a one-year T-bill
- KES 1,535
- after 15% tax, at 9.03% (2 Nov 2026 auction) · T-bill calculator
The KES 575.6 million in offer costs is paid by the seller. If buyers take less than 75% of the shares, the offer lapses and everyone is refunded without interest.
Read our Receipt on Quickmart: what the offer documents show, and our verdict.
From our Receipts
The open offers
| Offer | Price (KES) | Minimum | Closes | Trading |
|---|---|---|---|---|
| Quickmart | 7.50 | 500 shares (3,750) | 30 October 2026 | 12 November 2026, on the NSE |
| Dangote refinery (Kenya receipts) | 53.50 | 10 receipts (535) | 27 October 2026 | on the NSE, expected in December |
Terms as set out in each Receipt, which cites the offer documents, checked on 15 October 2026. The Treasury bill comparison uses the latest one-year auction from the Central Bank of Kenya.
Before you apply
Four things to know
- Who gets the money: the company, or owners who are selling?
- What you pay for each shilling of profit, on what the company actually earned.
- What the dividend pays after tax, next to a Treasury bill.
- The price can open lower than you paid. Only put in money you will not need soon.
Also see
More money tools
Information, not advice. Afronomics and its founder hold no shares in either offer and earn nothing from them.
Quick answers
Questions people ask
- How many Quickmart shares does KES 20,000 buy?
- 2,666 shares at KES 7.50, for KES 19,995. The minimum is 500 shares, KES 3,750. If the price opens 10% lower they are worth KES 17,996; 10% higher, KES 21,995. The offer closes on 30 October 2026.
- What is the minimum for the Dangote receipts in Kenya?
- 10 receipts at KES 53.50, KES 535, as reported by Business Today after the minimum was cut from 2,000. The Kenyan offer closes on 27 October 2026.
- What happens if an IPO is oversubscribed?
- When buyers offer more money than there are shares, applications can be scaled back: you get a part of what you asked for and the rest of your money is refunded. The results announcement says what each applicant got.