Packaging firm Shri Krishana Overseas (SKL) Ltd has listed 50.5 million ordinary shares on the Nairobi Securities Exchange (NSE) SME Market Segment, marking its debut with an offer price of Sh5.9 per share. This move aims to raise capital and fund ambitious growth plans, including a new 22,000-tonne packaging materials plant in Kisaju, Kajiado County, expected to open by the end of 2025.

• SKL initially offered 8.7 million ordinary shares for trading on the NSE.
• Nirmla Devi, SKL Finance Director and Founder, stated the listing provides a platform to enhance visibility and deliver innovative, sustainable packaging solutions.
• The new plant will meet growing demand from horticulture exports like avocados and mangoes, floriculture, and the FMCG sector, as more companies establish manufacturing bases in Kenya and East Africa.