Kasapreko Plc, the Ghanaian beverage giant behind the iconic Alomo Bitters brand, has recorded a major capital market success after its Initial Public Offering (IPO) attracted bids worth GH¢1.73 billion (N208.54 billion), significantly surpassing its fundraising target of GH¢700 million (N84.38 billion). According to The Cable, the total subscription rate for the IPO was about 246 percent.
Kasapreko announced the outcome of the IPO in a statement on Tuesday. “Kasapreko PLC (“Kasapreko” or the “Company”), Ghana’s leading homegrown beverage manufacturer, today announces the successful completion of its Initial Public Offer (the “IPO” or “Offer”), having raised GHS 700,000,000 through the issuance of 583,333,333 new ordinary shares at GHS 1.20 per share,” the producer said. “The Offer was conducted by Absa Bank Ghana LTD, Consolidated Bank Ghana LTD, and Databank Brokerage LTD acting as the Joint Lead Managers.
“The Offer attracted bids from 18,781 qualified applicants totalling approximately 1.44 billion shares — representing subscriptions of GHS 1.73 billion — making the Offer oversubscribed by 146%.
“All 18,781 applicants who subscribed to the Offer had their allotted shares credited to their Central Securities Depository (“CSD”) accounts on the Settlement Date, Friday, 5th June 2026.” The company said the board bears sole responsibility for the allotment of shares under the prospectus, and approved a uniform allocation rate of 40.56 percent, applied consistently across all investor categories: local individual and institutional investors, as well as foreign individual and institutional investors.
Addressing its refund process, Kasapreko said refunds apply exclusively to qualified applicants who deposited their application funds directly with the application agent (broker) and will be processed by the same broker through whom the application was submitted. “Affected applicants should, therefore, 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. The refunds will be completed by Thursday, 11th June 2026,” the company said. The shares of the alcoholic and non-alcoholic drinks producer will be listed and commence trading on the Ghana Stock Exchange (GSE) on Monday, June 15, under the trading symbol ‘KASA’.
Samuel Leslie Adetola, the board chairman, said the investor response to Kasapreko’s IPO is a testament to the depth of confidence that both local and international investors have placed in the company and its long-term prospects. “To have attracted nearly GHS1.73 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,” Adetola 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. “We look forward with great enthusiasm to welcoming our new shareholders as we embark on this exciting new chapter as a publicly listed company.”
Richard Adjei, the company’s managing director, said the success of the IPO reflects not only the strength of the Kasapreko brand but also the resilience of its business model and the trust that investors have placed in the company’s vision.
