Kasapreko PLC has launched an Initial Public Offering (IPO) of up to 583,333,333 ordinary shares. The company plans to raise GHS 700 million by offering these shares at GHS 1.20 each. This significant fundraising effort will facilitate Kasapreko’s listing on the main market of the Ghana Stock Exchange.
The IPO started on May 4, 2026, and will close on June 1, 2026. Kasapreko needs to raise at least GHS 350 million for the IPO to succeed. This means at least half of the targeted amount must be subscribed by investors. The company will use most of the money to build a new bottled water and carbonated soft drinks factory in Adeiso, Eastern Region.
This IPO is part of a broader trend of Ghanaian companies seeking public investment for growth. Listing on the Ghana Stock Exchange offers a way for businesses to raise large sums of money. It also allows the public to own a piece of successful Ghanaian companies. Kasapreko's move highlights the growing maturity of Ghana's capital markets. Other companies like Guinness Ghana have also shown strong performance in the beverage sector.
According to the prospectus dated April 30, 2026, Kasapreko will direct about 96 percent of the net proceeds, which is GHS 672.5 million, to the new facility. The remaining 3.94 percent will cover costs related to the transaction. This focus on expanding production capacity shows Kasapreko's strategy to meet increasing demand.
The IPO's success will allow Kasapreko to fund its expansion plans without relying entirely on bank loans. Building a new factory can create jobs and boost local economies in the Eastern Region. This can also lead to more competition in the beverage market, potentially offering consumers more choices. The move positions Kasapreko for sustained long-term growth.
Kasapreko has demonstrated strong financial performance leading up to this IPO. In the first quarter of 2026, the company's profit increased by 55 percent to GHS 73 million. This growth was largely due to a 43 percent drop in its finance costs. Revenue for the same period marginally increased to GHS 853.2 million, up from GHS 821.9 million in 2025. This indicates a consistent demand for both its alcoholic and non-alcoholic drinks, including sales in export markets.
Over the last five years, Kasapreko's revenue grew at a fast pace, expanding by 40 percent each year on average. Revenue rose from GHS 660 million in 2020 to GHS 3.5 billion in 2025. The company also turned around its financial health, reporting a profit after tax of GHS 341.8 million in 2025. This was a significant improvement from losses recorded in 2022.
The offer price of GHS 1.20 per share suggests a reasonable valuation for investors. This price gives Kasapreko a price-to-earnings ratio of 11.3 times based on expected earnings for 2026. Its enterprise value-to-EBITDA multiple is 5.4 times. These figures are lower than the average for similar listed beverage companies. For example, peer companies average 13.2 times for price-to-earnings and 7.6 times for enterprise value-to-EBITDA. This could make Kasapreko shares attractive to investors.
This IPO marks a key step for Kasapreko, evolving from a private company to a public one. The company was established in 1987 as Quab Gooding Company Limited. It became a public limited liability company in June 2023 and rebranded to Kasapreko PLC in March 2024. In February 2024, Kasapreko raised GHS 351 million through corporate bonds on the Ghana Fixed Income Market. These bonds mature in 2027 and 2028.
Investors looking to buy shares in the IPO must apply for a minimum of 2,000 shares. This translates to an initial investment of GHS 2,400. Subsequent applications must be in multiples of 1,000 shares. There is no upper limit on how many shares an investor can buy. Applications are processed through licensed dealing members and authorized agents. Successful applicants will hold their shares electronically through the Central Securities Depository Ghana.
The transaction is being managed by Absa Bank Ghana Limited, Consolidated Bank Ghana Limited, and Databank Brokerage Limited. Databank is also serving as the sponsoring broker. Legal advice comes from Bentsi-Enchill Letsa & Ankomah. KPMG and PricewaterhouseCoopers are the reporting accountant and auditor, respectively. The Securities and Exchange Commission Ghana has approved the prospectus. The Ghana Stock Exchange has given provisional approval for the listing, with final approval pending the fulfillment of all listing requirements.