Investment Solutions

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Investment Solutions

Features

Investment Solutions

Features

IPO Watch: Qualitas, IDP Group and Avada Group lead an 11 IPO week for the ASX

Rene Anthony

Saturday, December 11, 2021

Saturday, December 11, 2021

Barely a fortnight out from Christmas, and the IPO calendar is showing no signs of slowing down yet, with a long list of companies hoping to avoid delays that might impact their listing.

Barely a fortnight out from Christmas, and the IPO calendar is showing no signs of slowing down yet, with a long list of companies hoping to avoid delays that might impact their listing.

As the year comes to a close, the number of aspirants eyeing the ASX ramps up, although delays are sure to play a role in shaping the action this week.

Resources explorers are front and centre, including junior names Armada Metals (ASX: AMM), Infinity Mining (ASX: IMI) and Ronin Resources (ASX: RON). However, floats from the industrials sector are also set to play a role, including traffic management group AVADA Group (ASX: AVD), electrical equipment distributor and service provider IDP Group (ASX: IPG) and specialist building contractor and construction manager SHAPE Australia (ASX: SHA).We also have a couple property names in Qualitas (ASX: QAL) and Winton Land (ASX: WTN), as well as the delayed listing from rehydration products company The Hydration Pharma Co (ASX: HPC).

Upcoming IPOs

CompanyFocusIPO sizeExpected debutASX  The Hydration Pharma Co (HPC)  Marketing and sales of Hydralyte in North America$17mDec 13ASXArmada Metals (AMM)Base metals explorer$10mDec 15ASXInfinity Mining (IMI)Copper, gold, lithium and nickel explorer$10mDec 15ASXAVADA Group (AVD)Traffic management group$32.5mDec 16ASXQualitas (QAL)Alternative real estate investment management$335mDec 16ASXRonin Resources (RON)Coal explorer in Colombia$5mDec 16ASXXPON Technologies (XPN)Cloud-based marketing tech solutions provider$12.5mDec 16ASXIDP Group (IPG)Electrical equipment distributor & service provider$40mDec 17ASXSHAPE Australia (SHA)Specialist building contractor & construction manager$2mDec 17ASXWinton Land (WTN)Property developer$350mDec 17ASXBlack Mountain Energy (BME)Oil and gas explorer$11mTBCUSFresh Vine Wine (VINE)US-based low-carb premium wine producerUS$21mDec 14USSamsara (IOT)Fleet management and IoT business solutionsUS$753m  Dec 15USSidus Space (SIDU)Satellite and space services and defense manufacturing  US$15mDec 16

*All dates are subject to change and should be treated as an indicative guide only

Future Listings

There is another gold explorer in the works, with WA1 Resources on the cusp of a $4.5 million to $6 million IPO. The junior explorer, which would be valued at a market cap of at least $9 million if successful, is also targeting copper and nickel from the West Arunta region in Western Australia.And from overseas, the big news is that semiconductor giant Intel (NASDAQ: INTC) is looking to list its self-driving car division, Mobileye, some time next year. Early estimates put a value on the prospective listing of more than US$50 billion. Intel acquired Mobileye in 2017 for US$15 billion, with the division manufacturing chip-based camera systems for automated cars.

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