Kasapreko PLC's GH¢700 million IPO on the Ghana Stock Exchange closes June 1, 2026. Learn the share price, financials, and how to buy shares before the deadline.
Kasapreko PLC, the Ghanaian beverage manufacturer behind the iconic Alomo Bitters brand, has launched an initial public offering (IPO) of up to 583,333,333 ordinary shares at an offer price of GH¢1.20 per share, in a move that will see the company list on the main market of the Ghana Stock Exchange (GSE). The IPO commenced on May 4, 2026, and closes on June 1, 2026, aiming to raise up to GH¢700 million. Graphic Online
With only days left before the offer window shuts, here is a complete breakdown of the Kasapreko IPO — the share price, financials, use of proceeds, and what investors should know before subscribing.
What Is the Kasapreko IPO?
Founded in 1989 by Dr Kwabena Adjei, Kasapreko has evolved from a small alcoholic beverage producer into one of Ghana's leading indigenous manufacturing companies, with a portfolio that includes bitters, whisky, gin, carbonated soft drinks, and bottled water. The IPO marks the first time the public can own a stake in the company. GhanaWeb
At the offer price, Kasapreko's implied market capitalisation stands at GH¢4.96 billion, positioning it among the larger listings on the GSE by market value.
Kasapreko IPO Key Details
DetailInformationShares Offered583,333,333 ordinary sharesOffer PriceGH¢1.20 per shareIPO Open DateMay 4, 2026IPO Closing DateJune 1, 2026Target AmountGH¢700 millionMinimum ThresholdGH¢350 millionExpected Listing DateJune 17, 2026 (ticker: KPLC)Minimum Subscription2,000 shares (GH¢2,400)
The minimum subscription threshold has been set at GH¢350 million, meaning the offer will only be declared successful if at least half of the target amount is raised. The offer is not underwritten, leaving the company to shoulder any shortfall through bank loans or further note issuance under its existing bond programme.
How Will Kasapreko Use the IPO Proceeds?
According to the prospectus dated April 30, 2026, roughly 96% of the net proceeds — amounting to GH¢672.5 million — have been earmarked for the new factory, with the remaining 3.94% covering the costs of the IPO itself, including advisory fees, regulatory charges and capital duty. Graphic Online
The Adeiso factory represents Kasapreko's bet that demand for non-alcoholic beverages in Ghana and its West African export markets can absorb a significant expansion of production capacity. The company currently operates facilities in Accra and Kumasi capable of packaging more than 150,000 bottles per hour across glass and PET lines.
Kasapreko Financial Performance: Is the IPO Worth It?
Q1 2026 Results
In the first quarter ended March 31, 2026, the company delivered a 55% jump in profit to GH¢73 million, driven by a sharp 43% reduction in finance costs. Revenue for the quarter edged up to GH¢853.2 million from GH¢821.9 million a year earlier. Gross profit rose to GH¢221.4 million, while operating profit climbed to GH¢124.7 million.
Long-Term Growth
Revenue expanded at a compound annual growth rate of 40% between 2020 and 2025, rising from GH¢660 million to GH¢3.5 billion. Profit for 2025 surged to GH¢341.8 million, a dramatic recovery from the loss posted in 2022.
Kasapreko IPO Valuation: Is the Share Price Attractive?
The offer price of GH¢1.20 per share implies a price-to-earnings multiple of 11.3 times based on forecast 2026 earnings, and an enterprise value-to-EBITDA multiple of 5.4 times. These multiples sit below the peer average of 13.2 times for P/E and 7.6 times for EV/EBITDA across comparable listed beverage companies including Guinness Ghana Breweries, East African Breweries and Nigerian Breweries. This relative discount makes the IPO pricing appear favourable against regional peers.
Ghana Stock Exchange Context
The Ghana Stock Exchange is on a strong run: the GSE Composite Index surged 79% in 2025, making Ghana one of the best-performing markets on the African continent. The most recent IPO was that of ZEN Petroleum Holdings, which listed on April 22, 2026 after raising 640 million cedis in an offer that was oversubscribed — a clear sign that investor appetite is there.
How to Subscribe to the Kasapreko IPO
Investors are required to subscribe to a minimum of 2,000 shares valued at GH¢2,400, with additional purchases to be made in multiples of 1,000 shares thereafter. Applications can be made through licensed brokers and participating financial institutions before the June 1, 2026 deadline. The Securities and Exchange Commission has reviewed and approved the prospectus.
Frequently Asked Questions (FAQs)
When does the Kasapreko IPO close?
The Kasapreko IPO closes on June 1, 2026. No subscriptions will be accepted after this date.
What is the Kasapreko IPO share price?
The offer price is GH¢1.20 per ordinary share, with a minimum application of 2,000 shares (GH¢2,400).
When will Kasapreko list on the Ghana Stock Exchange?
The company is expected to list on June 17 under the ticker KPLC. Daba
What is Kasapreko's market cap at IPO?
At the offer price, Kasapreko's implied market capitalisation stands at GH¢4.96 billion.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, or legal advice. GhanaStocks makes no representations about the accuracy or completeness of the information. Always consult a licensed financial advisor before making investment decisions.
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