The video captures the official trading bell ceremony for Shri Krishana Overseas Ltd (SKL) as it debuts on the Nairobi Securities Exchange (NSE) under the SME Market Segment. This event marks a significant milestone for SKL, a fast-growing packaging and manufacturing company in Kenya, allowing it to enter a new growth phase with increased visibility and access to capital markets.

Significance of the Listing

SKL is the first company to list under the NSE's new public office regulations designed to allow small companies to not only list but also raise capital. This is seen as ringing in a new era for capital markets in Kenya, fostering long-term partnerships and growth.

SKL's Vision

The listing is a testament to SKL's ambition, resilience, and belief in long-term growth, as well as the spirit of collaboration, innovation, and trust among the involved parties.

Impact on NSE

The NSE views this listing as a crucial step towards becoming more relevant by supporting SMEs.

Listing Details

SKL listed 50.5 million ordinary shares offered at KSh 5.90 per share. The company, founded by Dr. Sonvir Singh and Nirmal Chaudhary, produces corrugated boxes, tray packaging, tapes, labels, and footwear, with plans for a new 24,000-tonne annual capacity plant in Kisaju, Kajiado.