IPO corner: Four ASX listings scheduled in the coming weeks

2 min read | October 09, 2022 07:00 AM AEDT | By Ashish

Highlights

  • The ASX IPO market has performed on a muted note so far in 2022.

  • The market has been negatively impacted by COVID-19 lockdowns, inflation, and geopolitical tensions.

  • Still several companies have gone public in the past few months.

Even as the Australian IPO market has remained muted in 2022, several companies have registered their public offerings in the past months. The IPO market has been negatively impacted by the coronavirus lockdowns, rising consumer prices, and ongoing geopolitical tensions. As of 30 June 2022, fewer companies had registered a listing date with the exchange compared with the number for the corresponding period in 2021.

Considering this backdrop, let us discuss a few ASX listings that are scheduled in the coming weeks of October.

Nightingale Intelligent Systems, Inc. (ASX:NGL)

Nightingale Intelligent Systems develops and sells unmanned aerial vehicles for commercial applications.

Omega Oil & Gas Ltd (ASX:OMA)

Omega Oil & Gas is a gas exploration and oil production company.

Conrad Asia Energy Ltd (ASX:CRD)

Conrad is an oil and gas exploration and production firm. According to the company’s official website, “Conrad Asia Energy is focused on natural gas in the shallow waters offshore Indonesia, and via its wholly owned subsidiaries, is the holder of several operated tenements in offshore Indonesia in the form of Production Sharing Contracts (PSCs).”

Bubalus Resources Ltd (ASX:BUS)

Bubalus Resources is a mineral exploration and mining company. According to the official website, the company is “focussed on the exploration and development of the Amadeus Project (prospective for manganese), the Coomarie Project (prospective for heavy rare earths), the Nolans East Project (prospective for light rare earths), and the Pargee Project (prospective for Heavy Rare Earths), which are located in premier geological provinces of the Northern Territory and Western Australia”.

According to the ASX’s official website, the listing date of the public offering has been fixed as 13 October 2022 at 12 PM (AEST). 

Note:

  • ASX codes are proposed only. The data has been procured from the ASX IPO website.
  • Listing dates are proposed dates for the first quotation of securities set out in the entity's prospectus or information memorandum and are subject to change without notice.
  • 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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