Kasapreko IPO refunds to be completed by June 11 as GH¢700 Million offer oversubscribed by 146%
Kasapreko PLC, Ghana's leading homegrown beverage manufacturer, has announced that refunds to applicants who subscribed to its Initial Public Offer (IPO) will be completed by Thursday, June 11, 2026, following an oversubscribed offering that raised GH¢700 million.
The IPO, which saw the issuance of 583,333,333 new ordinary shares at GH¢1.20 per share, attracted bids from 18,781 qualified applicants totalling approximately 1.44 billion shares, representing subscriptions of GH¢1.73 billion. The Offer was oversubscribed by 146 per cent.
Refunds apply exclusively to qualified applicants who deposited their application funds directly with an application agent or broker and will be processed by the same broker through whom the application was submitted. Affected applicants have been directed to contact their application agent directly regarding their refunds. Each refund reflects the difference between the applicant's subscription amount and the value of the shares allotted to them.
Shares to list on Ghana Stock Exchange on June 15
Kasapreko PLC's ordinary shares will be listed and commence trading on the Equities Market of the Ghana Stock Exchange on Monday, June 15, 2026, at 10:00am. The Company's trading symbol on the GSE will be KASA, with ISIN GHEKCPI00011. Shareholders and prospective investors may transact in Kasapreko PLC shares through any licensed stockbroker upon commencement of trading.
Allocation of shares
The Board of Kasapreko, which bears sole responsibility for the allotment of shares under the Prospectus, approved a uniform allocation rate of 40.56 per cent applied consistently across all investor categories.
Local individual investors bid for 189,225,000 shares and were allotted 76,764,925 shares. Local institutional investors bid for 1,086,285,000 shares and were allotted 440,683,648 shares. Foreign individual investors bid for 3,151,000 shares and were allotted 1,278,280 shares. Foreign institutional investors bid for 159,255,000 shares and were allotted 64,606,480 shares.
All 18,781 applicants who subscribed to the Offer had their allotted shares credited to their Central Securities Depository accounts on the settlement date, Friday, 5th June 2026.
Board Chairman: Investor response a testament of confidence
Mr Samuel Leslie Adetola, Board Chairman of Kasapreko PLC, said the exceptional investor response was a testament to the depth of confidence that both local and international investors have placed in the company.
"The exceptional investor response to Kasapreko's Initial Public Offer is a testament to the depth of confidence that both local and international investors have placed in this Company and its long-term prospects. To have attracted nearly GH¢1.73 billion in subscriptions – more than twice the amount we sought to raise – from over 18,000 applicants across all investor categories is a truly historic outcome for Kasapreko and for Ghana's capital markets," he said.
"On behalf of the Board of Directors, I extend our sincere gratitude to every investor who participated in the Offer and entrusted us with their confidence. As stewards of this institution, the Board is resolute in its commitment to upholding the highest standards of corporate governance, transparency, and accountability in managing the resources entrusted to us."
Managing Director: A defining milestone
Mr Richard Adjei, Managing Director of Kasapreko PLC, described the successful IPO as a defining milestone in the company's journey.
"Today marks a defining milestone in the journey of a company that was built in Ghana, for Ghana, and is now ready to make its mark on a much larger stage. The overwhelming success of this IPO reflects not only the strength of our brand and the resilience of our business model, but also the trust that investors – both Ghanaian and international – have placed in our team and our vision," he said.
"We have built Kasapreko into a GH¢3.5 billion revenue business over the past several years through disciplined execution, product innovation, and a relentless drive to better serve our consumers. The capital raised through this Offer will accelerate our growth agenda – including expanding our production capacity and scaling our international business – enabling us to deliver sustainable, long-term value to our shareholders.
"To the 18,781 investors who chose to be part of this journey: thank you. We will not take that confidence for granted. I look forward to demonstrating why investing in Kasapreko is investing in the best of Ghana."
About Kasapreko PLC
Kasapreko PLC is a Ghanaian multinational beverage company that produces a wide range of alcoholic and non-alcoholic drinks. Established in 1989, Kasapreko is known for its flagship product, Alomo Bitters, a herbal alcoholic drink. Over the years, Kasapreko has expanded its portfolio to include additional beverage products, including whiskey, gin, wine, soft drinks and drinking water. The company uses modern manufacturing techniques to create high-quality products and has further integrated its operations within the beverage industry's value chain to offer business-to-business products and services, achieving significant market presence locally and internationally.
The offer was conducted by Absa Bank Ghana Limited, Consolidated Bank Ghana Limited, and Databank Brokerage Limited acting as the Joint Lead Managers. Trading in KASA shares on the Ghana Stock Exchange is expected to commence on June 15, 2026.