Nairobi, Kenya – July 24, 2025
The Nairobi Securities Exchange (NSE) this morning marked a major stride in the development of Kenya’s capital markets with the official listing of Shri Krishana Overseas (SKL) Ltd under the ticker symbol $SKL on the SME Market Segment. The company’s shares debuted at KSh 5.90, following a listing by introduction of 50.5 million ordinary shares, of which 8.7 million shares are now available for public trading.
Founded by Dr. Sonvir Singh and Nirmal Chaudhary, SKL has rapidly emerged as a key player in Kenya’s packaging and manufacturing industry, offering products such as corrugated boxes, tray packaging, labels, tapes, and custom containers. In addition to packaging, the company also operates a footwear division, signaling its diversified presence in the manufacturing sector.
During the trading bell ceremony at the NSE, SKL’s Co-founder and Managing Director, Dr. Sonvir Singh, expressed enthusiasm over the milestone:
“Listing on the NSE’s SME Market Segment is a pivotal step in our expansion journey. It provides us with access to capital markets, enabling us to raise funds and accelerate our future expansion plans, while also presenting opportunities for investors seeking to participate in Kenya’s dynamic packaging sector.”
The listing not only provides SKL with access to growth capital but is also expected to strengthen corporate governance, increase brand visibility, and deepen investor confidence. It aligns with the NSE’s continued efforts to attract high-potential SMEs onto its platform to unlock value and drive industrial transformation.
Frank Mwiti, CEO of the Nairobi Securities Exchange, commended SKL for its strategic move:
“We are delighted with the listing of SKL Limited on the NSE. This listing aligns with our strategy of providing a platform for SMEs to access capital and other resources for growth. It also affirms the potential of Kenya’s manufacturing sector in creating jobs, attracting investment, and driving inclusive economic development.”
Kenya’s packaging industry, valued at US$ 585 million as of 2021, has witnessed steady growth, spurred by increased demand across agriculture, retail, logistics, and manufacturing. To meet this growing demand, SKL is finalizing a state-of-the-art manufacturing facility in Kisaju, Kajiado County. Once operational, the plant is expected to scale the company’s production capacity from 2,400 tonnes to 24,000 tonnes annually—a tenfold increase that positions SKL to serve both local and regional markets more competitively.
Over the four years ending December 31, 2024, SKL’s revenues rose from KSh 130.2 million in 2021 to KSh 309.9 million, reflecting an impressive 138% growth. However, a marginal year-on-year increase of just 1.2% in 2024 points to capacity saturation, a challenge the Kisaju plant is expected to address.
SKL’s listing comes amid heightened capital markets activity. Just a day earlier, LINZI FinCo Trust issued a Sh44.7 billion Infrastructure Asset-Backed Security (IABS) on the NSE—one of the largest in recent history—meant to finance the construction of Talanta Sports City, a flagship project tied to Kenya’s hosting of the 2027 Africa Cup of Nations (AFCON).
With this listing, SKL joins a growing cohort of SMEs embracing the public markets to scale operations and build long-term value. Its story stands as a testament to the potential of homegrown enterprises in shaping Kenya’s industrial future.