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Highlights
Australia’s IPO market has remained weak so far in 2022.
A record number of IPO listings were witnessed in 2021.
Stocks of more than 240 companies made their ASX debut last year.
The Australian stock market has traded on a volatile note so far this year largely on account of geopolitical tensions, rising inflation and interest rate hikes. It has also negatively impacted the initial public offering (IPO) market. Firms have only raised around AU$800 million so far in 2022 against nearly AU$3 billion in 1H 2021.
“At this stage, it seems unlikely that the IPO market in 2022 will come anywhere near the amounts raised, or number of listings, that we saw last year,” said Marcus Ohm, author of the HLB Mann Judd IPO Watch Australia mid-year report. A record number of IPO listings were witnessed in 2021, with stocks of over 240 companies making their ASX debut.
Investors would only hope that the scenario of capital markets improves going ahead in the second half of the year and that more companies come forward with listings.
Here, we discuss five IPOs which are scheduled to be listed on the ASX in August.
Octava Minerals Ltd (ASX:OCT)
Mineral explorer Octava Minerals is engaged in lithium and gold discoveries.
According to the latest data available on the ASX, Octava Minerals’ IPO is scheduled to be listed on the exchange on 1 August 2022. The mining firm had come up with an AU$6 million IPO at an issue price of AU$0.20. Octava Minerals had appointed Bell Potter Securities Ltd as its lead manager.
Chalkos Metals Ltd (ASX:CKM)
Chalkos Metals is a mineral explorer, which is focused on copper and base metal deposits.
Chalkos’ stock is scheduled to make its debut on the ASX on 10 August 2022 at 11 AM (AEST). The company raised AU$8 million at an issue price of AU$0.20 via its IPO. Chalkos had appointed Viridian Capital Pty Ltd as its lead manager.
Bayrock Resources Ltd (ASX:BAY)
Bayrock Resources is a battery metals company, which is focused on the development and production of nickel, cobalt, copper, and palladium.
According to the latest data available on the ASX, Bayrock Resources’ IPO is scheduled to be listed on the exchange on 11 August 2022 at 11 AM (AEST). The company launched its AU$12 million IPO at an issue price of AU$0.20. Bayrock Resources had appointed RFC Ambrian Ltd as its lead manager.
Heavy Rare Earths Ltd (ASX:HRE)
Heavy Rare Earths Ltd is an Australia-based mining exploration firm.
Heavy Rare Earths’ stock is set to be listed on the exchange on 17 August 2022 at 10:30 AM (AEST). The company launched its AU$6 million IPO at an issue price of AU$0.20. Heavy Rare Earths had appointed Taylor Collison Ltd as its lead manager.
Critical Minerals Group Ltd (ASX:CMG)
Critical Minerals Group is focused on critical minerals which are needed for energy storage, electric vehicles and renewable energy.
Critical Mineral Group’s stock is set to be listed on the exchange on 22 August 2022 at 11 AM (AEST). The company launched its AU$5 million IPO at an issue price of AU$0.20. The firm had appointed Vested Equities Pty Ltd and Harbury Advisors Pty Ltd as its lead managers.
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.
