Kasapreko PLC has announced plans to raise up to GH₵700 million through a public offer, positioning the transaction as a strategic capital mobilisation to expand its production capacity and deepen its presence in Ghana’s fast-evolving beverage market.
The offer comprises up to 583.3 million new ordinary shares to be listed on the Ghana Stock Exchange (GSE), with proceeds earmarked primarily for the construction of a new production facility at Adeiso. The company indicated that the capital raise is intended to “fund the construction of a new… facility,” reinforcing its long-term growth strategy and manufacturing scale-up ambitions.
According to the prospectus, approximately 96 percent of the expected proceeds will be allocated to the factory project, while the remainder will cover transaction-related costs. The investment is expected to enhance output in bottled water and carbonated soft drinks, aligning with shifting consumer demand and the company’s diversification into non-alcoholic segments.
Kasapreko, a leading indigenous beverage manufacturer with operations spanning alcoholic and non-alcoholic products, noted that the offer has received regulatory clearance, with the Securities and Exchange Commission having “reviewed and approved” the prospectus to ensure “adequate disclosures” to investors. Provisional approval has also been secured from the GSE, subject to the company meeting final listing requirements.
The shares are being offered at GHS1.20 each, implying valuation multiples that management considers competitive relative to regional peers. The pricing was determined through a “financial valuation exercise” using methodologies such as discounted cash flow and trading comparables, reflecting an attempt to anchor the offer within prevailing market benchmarks.
The offer structure sets a minimum subscription threshold of GHS350 million, representing 50 percent of the targeted raise. Should subscriptions fall short of the full amount, the company indicated it would “finance the shortfall” through a combination of bank loans and debt issuance under its existing note programme.
Kasapreko’s expansion is supported by consistent top-line growth and rising output, driven by strong demand across both alcoholic and non-alcoholic segments, with revenues increasing significantly in recent years on the back of higher volumes in carbonated soft drinks and water. The company has pursued a strategy centred on “operational efficiencies and capacity building” alongside “market expansion,” positioning itself to strengthen its competitive standing across domestic and regional markets.
The IPO is also expected to broaden local participation in Ghana’s capital markets, offering institutional and retail investors exposure to one of the country’s most recognisable consumer brands. Market observers view the transaction as part of a broader effort to deepen the equity market and support corporate financing through public listings.
The offer period opened in early April and is scheduled to close in May, with listing expected in June, subject to regulatory approvals. Once completed, the transaction will mark one of the more significant equity raises on the GSE in recent years, reinforcing the role of the capital market in financing industrial expansion.
