Kasapreko IPO Oversubscribed by 146%, Raises GH¢1.73 Billion as Shares Set to List on GSE
By Aboki Forex —
Ghanaian beverage giant Kasapreko Plc has recorded massive investor demand for its Initial Public Offering (IPO). The company said subscriptions hit GH¢1.73 billion (about N208.54 billion), far above its GH¢700 million (N84.38 billion) target.
The offer was oversubscribed by 146%, with an overall subscription rate of about 246%. Kasapreko raised GH¢700 million through the issuance of 583.3 million new ordinary shares at GH¢1.20 each. Absa Bank Ghana Ltd, Consolidated Bank Ghana Ltd, and Databank Brokerage Ltd acted as joint lead managers.
18,781 Investors Applied for 1.44 Billion Shares
According to the company, the IPO attracted bids from 18,781 qualified applicants. They applied for roughly 1.44 billion shares, representing subscriptions of GH¢1.73 billion. Successful applicants had their allotted shares credited to their Central Securities Depository (CSD) accounts on June 5, 2026.
Chairman of the Board, Samuel Leslie Adetola, said the strong investor response shows confidence in the company's future growth. He noted that attracting nearly GH¢1.73 billion from over 18,000 investors is a big achievement for Kasapreko and Ghana's capital market.
Adetola thanked all investors and pledged that the company will maintain high standards of corporate governance, transparency, and accountability as it becomes a publicly listed company.
Shares to Trade Under Ticker ‘KASA’ from June 15
Kasapreko will begin trading on the Ghana Stock Exchange on June 15, 2026, under the ticker symbol 'KASA'. The company will complete refunds for excess subscriptions by June 11, 2026.
Managing Director Richard Adjei said the IPO's performance reflects the strength of the Kasapreko brand, the resilience of its business operations, and investors' confidence in the company's long-term vision.