Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
The successful completion of Kasapreko’s Initial Public Offer (the “IPO” or “Offer”), which raised GH¢700,000,000 through the issue of 583,333,333 new ordinary shares at GH¢1.20 per share, has been announced by the major beverage manufacturing company.
As the Joint Lead Managers, Absa Bank Ghana LTD, Consolidated Bank Ghana LTD, and Databank Broking LTD conducted the offer. A circular from the Ghana Stock Exchange states that 18,781 eligible applicants placed bids amounting about GH¢1.44 billion shares in response to the offer.
With registrations totalling GH¢1.73 billion, the offer was 146% oversubscribed.
The Board of Kasapreko, which is solely in charge of allocating shares in accordance with the Prospectus, authorised a standard allocation rate of 40.56% that is applied uniformly to all investor categories.
On the Settlement Date, Friday, June 5, 2026, all 18,781 applicants who subscribed to the Offer had their allotted shares credited to their Central Securities Depository (“CSD”) accounts.
Source: newsthemegh.com