Shri Krishana Overseas Limited (SKL) finally got listed on the NSE yesterday. The firm, which has a total of 50.5 million shares, issued 8.7 million shares to the public for Sh5.90 per share valuing the total listing at Sh298 million.
SKL is a packaging firm based in Nairobi, founded by Dr. Sonvir Singh and Nirmla Devi in 2009. It manufactures corrugated boxes and cartons, footwear, rubber bands, strapping rolls, non-woven bags, and labels.
SKL Revenue 2021 – 2024
Speaking at the bell-ringing ceremony yesterday at the NSE, Dr. Sonvir Singh said that the listing is a pivotal step in their expansion journey, as it will enable the firm to raise funds for its expansion while also presenting opportunities for investors seeking to participate in Kenya’s dynamic packaging industry.
SKL Net Profit 2021 – 2024
The firm is currently constructing a 5-acre industrial park in Kisaju (Kitengela). The plant is set to increase the firm’s annual capacity to 22,000 tonnes from its current 3000 tonnes. This will increase the company’s annual output, thereby meeting the increased demand for packaging solutions.
“Our new facility is meant to meet the growing and the sustained demand for packaging solutions from horticulture exports, including avocados, herbs, mangoes, and vegetables,” said SKL managing director Dr. Sonvir Singh.
SKL Total Assets 2021 – 2024
Since its transition from dealing in food commodities to manufacturing packaging materials in 2013, SKL has recorded substantial growth in its revenue, which is also expected to grow upon the completion of the Kisaju plant.
In the year ended December 2024, the firm recorded a revenue of Sh309.9 million, up from Sh306.3 million in the previous year. Its net profit stood at Sh10.1 million, up from Sh4.2 million in 2023. Total assets increased to Sh297.5 million from Sh249 million in 2023.
SKL’s listing makes it the first packaging company to be listed on the NSE.
Also Read: NSE’s First Listing since 2020 as SKL Joins Bourse by Introduction
