Kasapreko Plc, the Ghanaian beverage giant known for producing the popular Alomo Bitters brand, has made history with its Initial Public Offering (IPO). The company attracted subscriptions totaling GH¢1.73 billion, approximately N208.54 billion, far surpassing its GH¢700 million (N84.38 billion) target. This achievement marks a significant milestone for both the company and Ghana's capital market.
IPO Performance Exceeds Expectations
In a statement released on Tuesday, the company revealed that the offer was oversubscribed by 146 percent, with an overall subscription rate of about 246 percent. Kasapreko successfully raised GH¢700 million by issuing 583.3 million new ordinary shares at GH¢1.20 each. The IPO was managed by Absa Bank Ghana Ltd, Consolidated Bank Ghana Ltd, and Databank Brokerage Ltd, serving as joint lead managers.
The offer attracted bids from 18,781 qualified investors, who applied for approximately 1.44 billion shares. The company confirmed that all successful applicants had their allotted shares credited to their Central Securities Depository (CSD) accounts on June 5, 2026. Refunds for excess subscriptions will be completed by June 11, 2026.
Management Hails Historic Milestone
Samuel Leslie Adetola, Chairman of the Board, described the strong investor response as a clear vote of confidence in the company's future growth prospects. He noted that attracting nearly GH¢1.73 billion from over 18,000 investors across different categories was a significant achievement for Kasapreko and Ghana's capital market. Adetola pledged that the company would uphold high standards of corporate governance, transparency, and accountability as it transitions into a publicly listed entity.
Managing Director Richard Adjei also welcomed the successful outcome, stating that the IPO's performance reflected the strength of the Kasapreko brand, the resilience of its business operations, and investors' confidence in the company's long-term vision.
Trading Details
Kasapreko's shares will begin trading on the Ghana Stock Exchange on June 15, 2026, under the ticker symbol "KASA." This listing marks a new chapter for the company, which has grown from a local beverage producer to a major player in the African market.
