- Australian electrical market distributor IPD Group is set to mark its debut on the ASX next week.
- Bell Potter Securities Limited is managing the IPO.
- The Group plans to raise AU$40 million through its initial public offering.
Australian electrical market distributor IPD Group will mark its debut on the ASX on 17 December under the ticker name IPG.
The Group plans to raise AU$40 million through its initial public offering (IPO) at an offer price of AU$1.20 per share.
IPD Group has been an Australian electrical product solutions provider for over 60 years and has been delivering electrical products to various businesses as a part of Alsthom GEC and English Electric businesses with more than 350 workers across Australia.
IPD has a team of skilled and experienced professionals to support customers at every level, including custom-engineered assemblies, design assistance, drafting services, etc.
To invest in this IPO, investors will be required to be registered with a lead manager or a participating broker. Bell Potter Securities Limited is managing this IPO. However, the already registered investors can look for pre-listed IPO shares or buy the shares after the company goes public.
How to buy IPD shares after it goes public?
To buy IPD shares after it gets listed on ASX, investors will need to sign up to a broker with access to the ASX. After signing up, investors will be required to complete an application form providing their financial and personal details like ID and tax file. After that, they can fund their account with bank transfer or by debit card or PayPal.
Once their trading account is funded, they can search for IPD shares by ticker (IPG) or company name. Investors can also limit orders and postpone their purchases until IPD shares reach their desired price.