IPO corner: Five stocks set for ASX debut in June

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Highlights

  • More than ten companies are slated to get listed in June.

  • In 2021, over 200 firms launched their IPOs.

  • Over 30 odd firms are expected to list on the ASX before 2022-end.

 


There are over 10 initial public offerings (IPOs) which are scheduled to be listed on the Australian Stock Exchange (ASX) in June. Most of the companies belong to resources sector.

The year 2021 set a record for public listings, with more than 240 companies launching their IPOs. Over 30 odd firms are expected to list on the ASX before 2022-end. However, these listing dates are speculative, and investors should contact the company directly for further clarity. 

On this note, let’s discuss five companies which are set to list their IPOs in June 2022:

Nordic Nickel Ltd (ASX:NNL)

Listing day – 1 June 2022, 11 AM (AEST)

IPO (capital to be raised) - AU$15 million at AU$0.25

Underwriter - Not underwritten. Taylor Collison Ltd and Vert Capital Pty Ltd (joint lead managers)

Nordic Nickel is a nickel, copper, and cobalt explorer. The company’s projects are located in Finland. Both of Nordic’s key projects, Pulju and Maaninkijoki 3, are located in northern Finland in the highly prospective Central Lapland Greenstone Belt.

Uvre Ltd (ASX:UVA)

Listing day -7 June 2022, 11 AM (AEST)

IPO (capital to be raised) - AU$6 million at AU$0.20

Underwriter - Not underwritten. JP Equity Holdings Pty Ltd (lead manager)

Uvre is a resource company engaged in the business of exploring and developing lithium, vanadium and other energy and new world mineral opportunities.

Kingsland Minerals Ltd (ASX:KNG)

Listing day - 8 June 2022 12 PM (AEST)

IPO (capital to be raised) - AU$5.5 million at AU$0.20

Underwriter - Not underwritten. Westar Capital Ltd (lead manager)

Kingsland Minerals has projects which focus on copper, uranium, and gold in the Pine Creek region of the Northern Territory of Australia. In addition, Kingsland has the Lake Johnston Project in Western Australia which is prospective for nickel and cobalt.

Southern Palladium Ltd (ASX:SPD)

Listing day - 8 June 2022 11 AM (AEST)

IPO (capital to be raised) - AU$19 million at AU$0.50

Underwriter - Not underwritten. Bridge Street Capital Partners Pty Ltd (lead manager).

Southern Palladium is an Australian public company which is in the process of acquiring a 70% interest in the Bengwenyama palladium/rhodium-dominated PGM project located on the Eastern limb of the Bushveld, South Africa.

Cavalier Resources Ltd (ASX:CVR)

Listing day - 10 June 2022 11 AM (AEST)

IPO (capital to be raised) - AU$7 million at AU$0.20

Underwriter - Not underwritten. Dalton Equities and Sanlam Private Wealth Pty Ltd (joint lead managers)

Cavalier Resources is focused on identifying and acquiring prospective mineral exploration projects. The company owns the right to acquire controlling interests in tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella’s Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralisation.

Note: -

  • ASX codes are proposed only and may change without notice.
  • Listing dates are proposed dates for the first quotation of securities set out in the entity's prospectus or information memorandum.
  • Listing dates are expected dates for the first quotation of securities set by the ASX after the completion of admission procedures. These could change without any notice.

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