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The Aussie IPO market is looking less than stellar with about 40 per cent of ASX debutantes over the past year ahead or steady — and the other 60 per cent declining according to an analysis by Stockhead.

Scroll down for a table showing the performance of a selection of 70 IPOs over the past year — and a table of 50 upcoming floats.

Best performing IPOs over the past year

The best performing float in the past year has been Keytone Dairy (ASX:KTD), which has witnessed a 290 per cent rally in its share price since it listed on July 18.

Keytone is a New Zealand-based, manufacturer and exporter of dairy and nutrition products.

The company debuted following a heavily oversubscribed $12 million IPO priced at 20c and is now trading at around 76.5c.

Solar-powered window maker ClearVue Technologies (ASX:CPV) overcame a wobbly debut in May to go on a stellar run.

The company has added 280 per cent to its 20c issue price to trade at 70c.

ClearVue booked a strong 784 per cent upturn in revenue for the 2018 financial year, making $504,919 compared with just $57,000 a year earlier.

Its technology allows sun going through glass windows to be converted into energy.

At the other end of the scale, South African diamond miner Frontier (ASX:FDX) is down 80 per cent since its May float. Earlier this month Frontier raised $1 million at 4c, compared to its 20c IPO price.

More recently, it’s been a strong start to the financial year for IPOs with $6 billion raised in ASX floats since July.

Nine new listings occurred in August — after raising $605 million — taking the total since July to 25.

That’s 24 per cent more than the same time last year, according to the ASX’s latest monthly report.

Of the resources players, Eagle Mountain Mining (ASX:EM2) has been a top performer with its share price appreciating 72.5 per cent to 34.5c.

The explorer hit the ASX on March 16 after completing a $12.5 million raising to fund its hunt for gold and copper in the US.

Eagle Mountain has accumulated acreage along a 6km outcrop in the so-called Pacific Horizon prospect in Arizona.

Arizona is highly prospective for copper and has traditionally accounted for more than half of all of the copper produced in the US.

Constellation Resources (ASX:CR1), meanwhile, has jumped 35 per cent to 29c after it completed a $7 million IPO.

The company lit up the boards at the end of July trading at a 70 per cent premium to its 20c issue price.

Constellation was spun out of Apollo Minerals (ASX:AON) earlier this year with its Fraser Range nickel, copper and gold projects.

The Fraser Range region in Western Australia shot to fame back in 2012 when Sirius Resources uncovered the Nova-Bollinger nickel, copper and cobalt mine that eventually sold to larger rival Independence Group (ASX:IGO) for $1.8 billion.

Here’s a list of 70 recent IPOs showing how they’ve performed since their debut:

Swipe or scroll to reveal full table. Click headings to sort

ASX codeCompanyShare price change since listingOffer PriceLast PriceCash target ($M)FocusListing date
KTDKeytone Dairy Corp2.90.20.76515Food-Dairy Products18.07.2018
CPVClearvue Technologies2.80.20.75Energy-Alternate Sources25.05.2018
RCLReadcloud1.4250.20.486Internet Content-Info/Ne02.07.2018
NWLNetwealth Group1.2135134893.78.15264.223Invest Mgmnt/Advis Serv20.11.2017
EXLElixinol Global1.0411.920Medical-Whsle Drug Dist01.08.2018
PPEPeople Infrastructure0.981225Human Resources22.11.2017
TNOTando Resources (adjusted for stock split)68%.0430.135$4.5mVanadium, copper, zinc03.11.2017
S66Star Combo Pharma0.750.50.875.8Cosmetics&Toiletries16.05.2018
EM2Eagle Mountain Mining0.7250.20.3458Metal-Copper16.03.2018
WGNWagners Holding Co0.59778594972.714.34196.746Building-Heavy Construct12.08.2017
CXLCalix0.56603782650.530.838Mining Services20.07.2018
PYGPayGroup0.440.50.728.5Human Resources29.05.2018
CR1Constellation Resources0.34999996190.20.297Diversified Minerals30.07.2018
TLXTelix Pharmaceuticals0.33846157070.650.89550.05Medical-Biomedical/Gene15.11.2017
HLAHealthia0.2711.25526.849Medical Labs&Testing Srv09.11.2018
TMRTempus Resources0.24999998090.20.255Metal-Copper15.08.2018
14D1414 Degrees0.22857145310.350.45516.3067Electric-Generation09.12.2018
CWXCarawine Resources0.22499998090.20.257Metal-Diversified14.12.2017
NTDNational Tyre & Wheel0.18511.17559Distribution/Wholesale15.12.2017
KRXKoppar Resources0.14999998090.20.234.5Metal-Diversified30.05.2018
STNSaturn Metals0.12499998090.20.237Gold Mining03.09.2018
TGOTrimantium GrowthOps0.111.1170Human Resources16.03.2018
GALGalileo Mining0.099999980930.20.23515Metal-Diversified29.05.2018
VENVintage Energy0.074999985690.20.21530Oil Comp-Explor&Prodtn17.09.2018
PFPPropel Funeral Partners0.062962942122.72.89131.156Funeral Serv&Rel Items23.11.2017
ARNAldoro Resources0.024999985690.20.2055Metal-Diversified13.09.2018
DBFDuxton Broadacre Farms0.013333333731.51.521.105Investment Companies02.08.2018
PKDParkd0%0.20.26Metal Processors&Fabrica12.06.2017
BC8Black Cat Syndicate0%0.20.196Gold Mining30.01.2018
WGBWAM Global-0.0045454761392.22.19330Closed-end Funds22.06.2018
GCIGryphon Capital Income Trust-0.0121.995175.3Closed-end Funds25.05.2018
PGXPrimero Group-0.012500014310.40.39525Engineering/R&D Services07.09.2018
SILSmiles Inclusive-0.02511.0135Commercial Services27.04.2018
IXUIXUP-0.025000014310.20.19512.5Applications Software15.11.2017
VEAViva Energy Group-0.035999999052.52.3952648.88Oil Refining&Marketing13.07.2018
KWRKingwest Resources-0.050000014310.20.195Gold Mining24.08.2018
SECSpheria Emerging Co-0.05521.855132.675Closed-end Funds12.05.2017
JLGJohns Lyng Group-0.0610.9395.765Building&Construct-Misc26.10.2017
DXNData Exchange Network/The-0.075000014310.20.1916Telecom Services04.11.2018
SLZSultan Resources-0.075000014310.20.194.8Metal-Diversified16.08.2018
RMYRMA Global-0.080.250.2312E-Commerce/Services07.05.2018
B2YBounty Mining-0.085714273450.350.3218Mining Services19.06.2018
JAYJayride Group-0.110.50.441.5Internet Content-Info/Ne29.01.2018
JMSJupiter Mines-0.11250000950.40.37240.004Metal-Diversified18.04.2018
RFRRafaella Resources-0.12500000950.20.1755Diversified Minerals26.07.2018
A1CAIC Resources-0.15000000950.20.1710Gold Mining12.01.2017
NSBNeuroScientific Biopharmaceuti-0.15000000950.20.176Medical-Drugs27.07.2018
LSFL1 Long Short Fund-0.152521.671329.68Closed-end Funds24.04.2018
ED1Evans Dixon-0.17600000382.52.03130Invest Mgmnt/Advis Serv14.05.2018
CG1Carbonxt Group-0.19999998090.70.57510Advanced Materials/Prd23.01.2018
OGAOcean Grown Abalone-0.240.250.1810Fisheries14.11.2017
RHYRhythm Biosciences-0.25000001910.20.159Medical-Biomedical/Gene12.07.2017
WOAWide Open Agriculture-0.25000001910.20.155Agricultural Operations07.06.2018
MAMMicroequities Asset Management-0.26250001910.80.5918.9815Invest Mgmnt/Advis Serv30.04.2018
AS1Angel Seafood Holdings-0.30000001910.20.158Fisheries21.02.2018
SISSimble Solutions-0.30000001910.20.147.5Applications Software22.02.2018
BGTBio-Gene Technology-0.30000001910.20.137.1Medical-Biomedical/Gene29.11.2017
MKGMako Gold-0.3250.20.1256Gold Mining16.04.2018
CM1Coolgardie Minerals-0.3250.20.134.251Diversified Minerals30.08.2018
P2PP2P Transport-0.36742427831.320.88529.1872Transport-Services13.12.2017
VN8Vonex-0.40.20.126Cellular Telecom13.06.2018
BEMBlackearth Minerals NL-0.40.20.1255.4571Diversified Minerals19.01.2018
AX8Accelerate Resources-0.450.20.115Precious Metals14.02.2018
CCGCommsChoice Group-0.480.250.137.5Computer Services21.12.2017
RZIRaiz Invest-0.48611110691.80.92515.12Finance-Invest Bnkr/Brkr21.06.2018
CAS LNCrusader Resources-0.48996654512.991.5256.16641Gold Mining16.04.2018
IHRintelliHR Holdings-0.53333335880.30.144.5Computer Software23.01.2018
SWFSelfWealth-0.560.20.0887.3355Invest Mgmnt/Advis Serv23.11.2017
CY5Cygnus Gold-0.570.20.0866Gold Mining15.01.2018
PODPodium Minerals-0.650.20.074.232Precious Metals28.02.2018
TIETietto Minerals-0.6650.20.0726Gold Mining18.01.2018
WHKWhiteHawk-0.7450.20.0484.5Computer Data Security24.01.2018
FDXFrontier Diamonds-0.80.20.044.061Diamonds/Precious Stones01.05.2018

 

Which IPOs are next in line to make an ASX debut

A lot of IPOs have faltered before the finish line over the past year.

Out table of 50 upcoming IPOs below shows more than half of planned IPOs have either been delayed, postponed or cancelled.

This week diamond explorer GeoCrystal gave up on its second attempt at trying to become a publicly listed company.

The $7 million IPO has again been shelved after a couple of hiccups — a decade after it first started down the path to an ASX listing.

Five years ago, GeoCrystal discovered a large kimberlite field at the Webb diamond project located in the remote Gibson Desert region of Western Australia.

Kimberlite is a dark-coloured, heavy rock that contains diamonds and is sometimes found in valuable “pipes”.

Stealth Global Holdings was supposed to make its debut today, but appears to have faced delays. It has not yet been admitted to the ASX’s “Official List”.

Stealth is a supplier of safety, industrial, healthcare and workplace consumable products to the resources, transport, infrastructure, engineering, construction, manufacturing, general trade and industrial sectors.

The company launched a $12.5 million raising in early August.

Blockchain fintech Identitii also appears to be facing delays. Identitii launched the first ASX blockchain IPO in two years in August and was aiming to make its debut on Wednesday.

Identitii wants to join Kyckr as the ASX’s only other blockchain IPO, launched back in September 2016. Both companies follow similar strategies of making blockchain-based technology that checks the bonafides of businesses involved in financial transactions.

Vanadium and oil shale play QEM is due to light up the boards on Thursday after closing its $5 million IPO over-subscribed.

Vanadium is one of the resources firecrackers of the moment, making it the perfect time to launch a new vanadium float.

Director David Fitch told Stockhead QEM’s IPO was 50 per cent over-subscribed — with around $7.6 million worth of applications received.

QEM was founded in 2014 to develop a vanadium and oil shale project in the Julia Creek area of North Western Queensland.

Most of the funds ($2.8 million) will be used to develop the Julia Creek project.

“We’re obviously investigating the technologies that can be used to potentially get those hydrocarbons out and be commercial,” Mr Fitch said.

“If we can get both the oil and the vanadium out well then it makes for a pretty good production play.”

Mr Fitch said QEM wants to get the Julia Creek project into production as quickly as possible.

Gold and base metals explorer Caprice Resources is penned in for September 26 followed by Canada-focused coking coal player Montem Resources on September 27.

What’s happening with the next 50 IPOs 

There are about two dozen IPOs — out of a list of more than 50 in our table — that appear to have a realistic chance of joining the ASX this year.

One of those is International Cobalt Resources which is undertaking an IPO to raise between $5 and $6 million at 30c per share in a bid to hit the ASX by October 22.

The Canada-focused explorer has cobalt, nickel and gold projects in North Eastern Ontario and the exclusive rights to acquire mining tenements within the Ville-Marie area of Western Quebec.

Here’s a list of 50 upcoming IPOs:

Swipe or scroll to reveal full table. Click headings to sort

CompanyASX codeIPO statusFocusFund raisingIssue price
3G Coal3GCOffer open Oct 3 to Nov 9Coking coal$6m20c
AltheaAGHOffer open, due to list Sep 21Cannabis$19.7m20c
AMD Resources ADMCancelledGold, silver$22m50c
Andes Resources-Planning IPO this year; prospectus not yet lodgedGold$3-5m-
archTISAR9Delayed; was due to list Aug 27Data security$8-10m20c
Awati ResourcesAWAPostponedGold$4.5-5.5m20c
Biomics BiopharmaBBMDelayed multiple timesChina-based biotech$13-16m20c
Candy Club-In pre-IPO rounds; considering floatSubscription confectionaryunknown-
Canterbury ResourcesCBYDue to list Oct 31Copper, gold$7.8m30c
Caprice ResourcesCRSDue to list Sep 26Gold, base metals$4.5m20c
Carnaby Resources-Prospectus not yet issuedGoldunknown-
Centaur ResourcesCR3Offer open Oct 4-25. Listing due Nov 6Lithium and other battery metals$15m20c
China TrackCTCDelayed; was due to list Jun 11Bulldozer parts$32-40m80c
Coronado CoalCRNDue to list Oct 29Coking coal$1.4bn$4 to $4.80
Cowan LithiumCOWSpin-off from Tawana. Offer open Aug 30 to Sep 27; listing Oct 8Lithium$6-8m20c
EcoMag-Postponed until later in 2018Magnesium$3-5m20c
Eden HealthETKWas due to list Jul 11Kiwi fruit-focused AgTech$15.6-20m20c
Frugl Pre-IPO funding; planning listingGrocery price comparison tba-
GeoCrystalGDCCancelledDiamonds$5-7m20c
Golden State MiningGSMOffer open Sep 3-28; listing Oct 12Gold$4.5-5.5m20c
Haixi PharmaHXPDelayed multiple timesChina-based, pain relief biotech$25-30m50c
Hao Xian Yang--Beef, mutton and vegetarian meat$1-1.5m20c
HealthiaWas due to list on Sep 11Podiatry$26.8m$1
International Cobalt ResourcesICROffer closes Oct 11; Due to list Oct 22Cobalt, nickel, gold$5-6m30c
IdentitiiID8Offer open Aug 16-31; listing due Sep 19Blockchain$11m75c
Jobstore GroupJOBOffer closes Nov 13; due to list Dec 5AI-powered recruitment$6.6-8m20c
Kaiyun Holdings-Closing Oct 15; due to list Oct 29 on NSXChina-focused copper and gold$3-4m20c
Fiji Kava-Due to list in OctoberKava producer$5.2m20c
METALS 479ML7CancelledSilver$5-7m-
Moho ResourcesMOHDue to list Sep 29Gold, nickel, copper$4.5-6m20c
Montem ResourcesMR1Due to list Sep 27Canada-focused coking coal$15-20m50c
NanoveuNVUOffer closes Oct 19; Due to list Nov 13D image technology$4.5-6m20c
Neuroscientific BiopharmaNSBWas due to list in JulyAlzheimer’s$5-6m20c
Nice-VendDue to list Oct 2Slushy machines$7.5m20c
NichelivingNLHExtended to Sep 14Residential developer$5-12m50c
Norwest MineralsNWMSpin-off from Australian Mines (ASX:AUZ) due to list Oct 29Gold and base metals$6.6m20c
Ocean GuardianOCGCancelledShark deterrent$5m-
PINCHmePINOffer closes Oct 5; Due to list Oct 16Data gathering$8m50c
Power Asia LimitedP88Offer extendedRenewable energy$9m20c
ProspaPGLPostponedsmall business loans$146m3.64
QEMQEMCloses Sep 10; was due to list Sep 20Vanadium$5m20c
Rolek ResourcesRLKBackdoor listing via Shaw River (ASX:SRR)Manganese$5m2c
Rong Yu PharmaRY8DelayedTraditional Chinese Medicine$14-20m20c
Secure2Go GroupS2GPostponed indefinitelyCyber security$4-5m30c
Security MattersSMXWas due to list Sep 18Blockchain$5-6.5m20c
Shekel Brainweigh-Offer due to close Oct 12; Due to list Oct 26Weighing technologies$10.15m35c
SpreedboxSBXCancelledCloud computing$4.2-4.9m20c
Stealth GlobalSGIDue to list Sep 19Workplace product distributor$12.5m20c
StirfireSFSCancelledVideo games$5-7m20c
StrakerSTGOffer open until Oct 11Translation software$21.2m$1.51
Tartana Resources-IPO suspended due to ASIC queryZinc, copper$5-6m-
Trigg MiningTMGPostponed indefinitelyPotash$4-6m-
Universal BiosecurityUBLDelayedSafe pest control$5m20c
XS ResourcesXS1Due to list Nov 29Precious, base metals$4.5m20c
Zaige Waste ManagementZGZDelayedChina-based recycling$14-20m0.2