Home East Africa Nairobi’s Shri Krishana Overseas Ltd to Get Listed at Nairobi Stock Exchange

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Nairobi’s Shri Krishana Overseas Ltd to Get Listed at Nairobi Stock Exchange

July 10, 2025

(3 Minutes Read)

The company plans to list 50.5 million ordinary shares by introduction on July 24, 2025, on the NSE’s SME Market Segment, with an offer price of KSh 5.90 per share. Of these, 8.7 million shares will be made available to the public upon listing. As a result, the total listing value will amount to approximately KSh 298 million.

Shri Krishana Overseas Ltd (SKL), a leading packaging solutions provider based in Nairobi, is set to make history as the first packaging company to list on the Nairobi Securities Exchange (NSE). The company plans to list 50.5 million ordinary shares by introduction on July 24, 2025, on the NSE’s SME Market Segment, with an offer price of KSh 5.90 per share.

Of these, 8.7 million shares will be made available to the public upon listing. As a result, the total listing value will amount to approximately KSh 298 million.

SKL operates two core divisions: packaging and footwear. Its packaging line includes corrugated boxes, tray packaging, labels, tapes, and custom containers.

Founded in 2009 by Dr. Sonvir Singh and Nirmal Chaudhary, SKL has grown from a small enterprise into a major player in Kenya’s packaging sector. Operating from Imara Daima, the company employs over 150 people and operates 48 advanced carton manufacturing machines. Today, it serves diverse sectors such as manufacturing, floriculture, agriculture, and FMCG, offering a broad product range including corrugated boxes, mono-boxes, labels, tapes, and printing services.

Dr. Sonvir Singh, SKL Managing Director and Co-founder, described the listing as a pivotal step in the company’s expansion journey:he explained that the packaging industry is expanding sustainably, fueled by growing demand from manufacturing and floriculture. To meet this demand, SKL is finalizing construction of a state-of-the-art plant in Kajiado County. As of February 2025, the facility had reached 70% completion and is set to increase SKL’s production capacity tenfold — from 2,400 tonnes to 24,000 tonnes annually — supported by financing from SBM Bank.