Family Bank listing price at KSh 18 has been determined in consultation with the transaction advisor, benchmarked against sector median multiples as of 30th March 2026.
Additionally, the price was also assessed across peer institutions listed on the NSE, making it essential in establishing an appropriate and market-aligned listing price for the Bank.
The above price strikes the optimal balance between value maximization for existing shareholders and the imperatives of a successful public market debut.
According to Family Bank information memorandum, the price is grounded in audited financial data, calibrated against live NSE peer multiples, consistent with OTC price discovery, and has been structured to ensure that Family Bank enters the market with a credible valuation discount that rewards subscribers and supports post-listing price stability.
Related >> Why Family Bank Opted For Listing by Introduction
In arriving at the listing price, a valuation of the Bank’s shares was conducted utilizing five distinct valuation methodologies.
These include Intrinsic valuation techniques which include the Dividend Discount Model (DDM) and Residual Income Valuation; Relative valuation methods; Price-to-Book (P/B) multiple, Price-to-Earnings (P/E) multiple, and analysis of Precedent Transactions.
Among the approaches, Intrinsic valuation gave the highest values with Residual income yielding the highest valuation at KSh 43.06 per share, followed by Dividend Discount Model (DDM), giving a fair value estimate of KSh 33.05.
Price to book (P/B) analysis produced a fair Estimate value of KSh 20.68 per share, Price to Earnings (P/E) gave a fair estimate value of KSh 20.15, while Precedent transactions gave a fair estimate value of KSh 24.26. Equal weightings were assigned to both Intrinsic and Relative valuation, resulting in a fair estimated value of KSh 29.62 per share.
Family Bank shareholders
Family Bank major shareholders include Kenya Tea Development Agency (Holdings) 315,633,181 shares, Kenyan Estate of Rachael Njeri Muya 167,143,948 shares, Kenyan Daykio Plantations Limited 158,460,364 shares, Kenyan Investments & Mortgages Nominee Limited A/C 008243 Â 81,265,517 shares, Titus Kiondo Muya 73,408,502 shares, Equity Nominees Limited A/C 00084 46,417,000 shares, NCBA Custodial Services A/C 234 36,034,335 shares, Kenyan Kenya Orient Life Assurance Limited 35,341,900 shares, NCBA Custodial Services A/C 325 34,883,448 shares, Kenyan Equity Nominees Limited A/C00132 34,482,000 shares, totalling (59.1%) 983,070,195 shares while other shareholders have (40.9%) or 679,584,565 shares. Total Shares is 1,662,654,760.
Leave a comment