Kasapreko PLC is preparing to raise up to GH¢700 million through an Initial Public Offer (IPO) as the beverage manufacturer plans a listing on the Ghana Stock Exchange (GSE), marking one of the most significant equity capital raises in recent years.
Under the offer, which runs from May 4 to June 1, Kasapreko will issue 583.33 million new ordinary shares at an offer price of GH¢1.20 per share, valuing the transaction at approximately GH¢700 million.
Proceeds from the offer will be used primarily to finance the construction of a new manufacturing facility at Adeiso in the Eastern Region.
The offer has been authorised by the company’s sole shareholder through a written resolution dated March 20, 2026, empowering the board to determine the terms and conditions of the IPO.
The IPO is conditional on final approvals from the Ghana Stock Exchange for the listing and from the Securities and Exchange Commission (SEC) for both the offer and its results.
The GSE has already granted conditional approval for the listing, with trading to commence once final clearance is received and allotment results are approved.
All shares on offer will be issued in dematerialised form and held electronically through the Central Securities Depository (CSD).
No physical share certificates will be issued.
The new shares will rank pari passu with existing ordinary shares, carrying equal voting rights, dividend entitlements and rights to residual assets in the event of liquidation.
Kasapreko said the GH¢1.20 pricing was determined using a combination of discounted cash flow (DCF) analysis, trading comparables, and precedent transactions, in consultation with its joint lead managers.
Investors must apply for a minimum of 2,000 shares, amounting to GH¢2,400, with additional subscriptions in multiples of 1,000 shares. There is no maximum subscription limit.
The minimum amount required for the offer to be considered successful is GH¢350 million, representing 50 percent of the targeted raise. The minimum offer is not underwritten.
If only the minimum amount is raised, about 95.6 percent of the proceeds will be channelled into the Adeiso factory project, with the remainder covering offer-related costs.
Any funding shortfall will be bridged through bank loans and the issuance of notes under the company’s existing programme.
In the event of oversubscription, the board will not issue additional shares, and excess funds will be refunded to applicants.
Applications will be processed electronically through licensed brokers, custodians and application agents, with all funds held in an escrow account at Consolidated Bank Ghana until allotment is approved.
Refunds, where applicable, will be made within regulatory timelines, with interest payable if refunds are delayed beyond stipulated deadlines.
Non-resident investors are permitted to participate in the offer and are guaranteed free transferability of capital and income through authorised dealer banks under Ghana’s foreign exchange regime.
Kasapreko will trade on the GSE under the ticker KPLC, positioning the company for its next phase of growth while broadening public participation in one of Ghana’s most recognisable consumer brands.
Source: businesspostonline
