In a bold move that’s turning heads on the trading floor, Shri Krishana Overseas Limited (SKL) has officially joined the Nairobi Securities Exchange (NSE) becoming the first packaging solutions provider to list under the Small and Medium Enterprises (SME) Market Segment.
What Does SKL Do?
SKL is in the business of corrugated cardboard boxes but they go beyond boxes, offering custom packaging for sectors like:
– Floriculture
– Agriculture
– Fast-Moving Consumer Goods (FMCG)
– Manufacturing
The Listing in Simple Terms
– They’ve put 50.5 million shares up for trading
– Each share is priced at KES 5.90
– This values the company at about KES 298 million.
Why the SME Board Matters
“This is the first company listed on the SME board,” said Johnson Nderi, the transaction advisor. ”The board is designed for firms with KES 100 million+ in revenue or assets.” He added.
This will give smaller companies a fair shot at raising money and expanding-without jumping through big-business hoops.
For SKL, the listing means access to new funds, more visibility, and a bigger platform to scale operations.
The Expansion Plan
SKL isn’t stopping here. They’re building a modern plant in Kajiado County, which is already 70% complete.
Once finished, it will increase their annual production capacity tenfold-from 2,400 tonnes to 24,000 tonnes.
