QuickMart IPO Oversubscribed at 122.7%

The Quick Mart PLC IPO closed oversubscribed at 122.7%, with 18,492 applications came in for 2.45 billion shares against 2 billion on offer, worth KSh 18.4illion. This is against the target of KSh 15billion at KSh 7.50 per share.Available data shows that both retail investors as well as Kenyan & East African Community institutional investors got 100%.