Packaging solutions company, Shri Krishana Overseas Ltd (SKOL), has announced that it is scheduled to list by introduction on the Nairobi Securities Exchange (NSE) on July 24, 2025.

SKL will list 50.5 million ordinary shares at an offer price of Sh5.90 on the SME market segment after submitting its application to the NSE and Capital Markets Authority (CMA).

The Kenya-based packaging manufacturing company has revealed that on listing, a total of 8.7 million ordinary shares will be made available to the public.

SKOL MD and Co-Founder Dr Sonvir Singh says the firm’s listing will allow it to raise capital and accord investors more opportunities to take part in the promising packaging sector.

“Listing on the NSE's SME Market Segment is a strategic decision that will provide SKOL 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,” noted Dr Sonvir

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He noted that the packaging solutions sector is growing sustainably, supported by diverse demand from the manufacturing, floriculture, and agriculture sectors in the entire region.

Kenya’s packaging industry was estimated to be worth $585 million as at the end of 2021 and is shifting towards eco-friendly materials, convenient designs, and smart technologies to meet consumer needs, reduce waste, and ensure product safety.

Similarly, digital printing and supply chain transparency are also gaining traction.

Transaction advisors for the company have indicated that the move to list in the NSE in Nairobi will also enhance the packaging manufacturer’s long-term sustainability plans.

“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 Kumar Sheth of IM Consulting services Ltd.

IM Consulting services Ltd is a corporate finance specialist with a focus on family businesses, who played a pivotal role in guiding SKL's listing journey.

Speaking on the prospective listing, NSE CEO Frank Mwiti lauded SKOL for its NSE listing plan saying it is proof to the company's strong fundamentals and prospects of future growth.

“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,” said Mwiti.

He said the liquidity boost will also offer SKOL flexibility for existing shareholders and attract a new class of investors interested in supporting sustainable and growth-oriented businesses.

“Equally, through accessing public markets, SKOL will benefit from enhanced visibility, improved corporate governance, and increased brand credibility, key to supporting its net phase of growth,” he added.

Mwiti added that SKOL’s listing aligns with the NSE 2025-2029 Strategic Plan that focuses on enabling high-potential SMEs to access long-term financing through the capital markets.

The transaction advisers for the listing include Synesis Capital (lead), MWCC Legal, Afrek & Associates (reporting accountants), Image Registrars (secretary's firm and registrar), Prakash Associates (auditors), and 8 Ball Media (PR partner).