Shri Krishana Overseas Limited (SKL) made history on 24th July 2025 by listing on the Nairobi Securities Exchange (NSE) SME segment, marking the first listing in five years since Homeboyz Entertainment Plc in 2020.
This also becomes the first-ever packaging solutions provider to join the NSE.
Founded in 2013 by Dr. Sonvir Singh and Nirmal Chaudhary, SKL manufactures corrugated and mono boxes, tapes, and labels and offers printing services across key sectors, including agriculture, floriculture, FMCG, and manufacturing. Additionally, the firm operates a footwear division under the brand “SKL Shoes,” supplying affordable footwear across local and regional markets.
Listing Details
SKL was listed by introduction, meaning no new capital was raised. The company floated 50.5 million ordinary shares at Kshs 5.90 each (par value: Kshs 0.20), with 8.7 million shares available to the public. As of 25th July, SKL’s market cap reached Kshs 299.0 million, closing at Kshs 5.92, up 0.3% from its inception price.
“Our listing aims to broaden visibility, provide liquidity for current shareholders, and attract strategic investors for long-term growth,” said SKL co-founder Dr. Sonvir Singh.
ETF Expansion: Kenya’s First Equity-Based Fund Hits NSE
On 16th July, the NSE listed its first equity-based Exchange Traded Fund (ETF), the Satrix MSCI World Feeder ETF, originating from the Johannesburg Stock Exchange. This joins the Absa New Gold ETF, bringing the total listed ETFs to two.
Global Access, Local Advantage
The fund, traded in Kenyan shillings, tracks the MSCI Emerging Markets Index, comprising mid- and large-cap firms across 23 countries, including China, India, South Korea, Brazil, and others. It features an annual Total Expense Ratio (TER) of 0.35%.
“The ETF expands investor access to global markets while mitigating currency risk,” noted a Satrix representative. “It’s a milestone for East African capital markets.”
Infrastructure Investment: Linzi Finco LLP Lists IABS
Also in the spotlight, Linzi Finco LLP, a subsidiary of Liaison Group, listed the Linzi 003 Infrastructure Asset-Backed Security (IABS) worth Kshs 44.9 billion. The move signals a growing appetite for structured investment products focused on infrastructure development.
Investor Sentiment
According to Cytonn Investments, “We are bullish on equities short-term due to cheap valuations, lower yields on government paper, and anticipated economic recovery… Neutral long-term due to persistent foreign investor outflows.”
They added that the current market is trading below future growth (PEG ratio at 0.9x) and advised investors to focus on value stocks with strong earnings potential.
