June will be a big month for listings, with at least 11 companies due to join the ASX.

The biggest is small business lender Prospa, which launched a $146 million initial public offering on Tuesday, offering shares at $3.64.

The lender, which was founded in 2012, claims to be Australia’s number one online small business lender with $200 million in current loans.

“We provide loans of between $5000 and $250,000 to help small businesses manage their cash flow or fund growth initiatives,” chairman Greg Ruddock says in the prospectus.

Prosa competes with big banks by offering “fast, flexible loan solutions, with decisions and funding often by the next business day”.

The company uses its own technology called “Credit Decision Engine” to assess hundreds of data points from an applicant’s financial information against dta from the government, credit bureaux and “a large base of small business data”.

Last financial year Prospa reported a profit of $1.2 million from $56.3 million in revenue.

The money raised will go towards growing its existing business, adding new products and expanding into New Zealand.

The company will issue 40.3 million new shares, taking the total number of shares on issue to 158.3 million.

Of these, the majority — 130 million — will be held by existing shareholders.

Founders Greg Moshal and Beau Bertoli will hold 15.5 per cent and 6.1 per cent respectively.

Prospa will have a market cap of $576.3 million on listing.

Here is the upcoming ASX IPO playbook:

ASX Code Company Offer opens Offer closes Amount of money being raised Expected listing date
PGL Prospa May 29 June 4 $146m June 6
RZI Raiz May 17 June 1 $15m June 21
NSB NeuroScientific Biopharmaceuticals May 17 June 15 $6m June 22
CR1 Constellation Resources May 14 July 5 $7m July 24
B2Y Bounty Mining May 17 May 30 $18m June 14
TMG Trigg Mining May 8 June 1 $4m June 28
KTD Keytone Dairy May 8 June 1 $12m June 19
14D 1414 May 22 June 1 $30-50m June 18
OCG Ocean Guardian May 10 June 7 $5m June 28
WOA Wide Open Agriculture April 20 June 7 $5m June 26
CTC China Track November 8 May 31 $32-40m June 11
SBX Spreedbox October 11 June 12 $4.2-4.9m June 20
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May was a slow month

Star Combo’s standout debut has been the IPO highlight of May, after other debutants have either pulled their listing or missed the day.

The Asia-focused vitamin seller (ASX:S66) jumped 58 per cent on its first day on the bourse, and has not looked back since, closing on Monday at $1.76.

After a big month in March — 19 companies listed then — May has proved to be much quieter.

Three companies have listed, including Adriatic Metals (ASX:ADT) and Evans Dixon (ASX:ED1).

Coming up are Paygroup (ASX:PYG) on May 28, and the ‘new’ Westfield — Unibail-Rodamco which is buying the company for $21 billion — and Tartana Resources on May 31.

Spreedbox, which started the IPO process in October last year, did not list this month. It said in its fourth supplementary prospectus that it’s now due to list on June 20.

Metals 479 put its IPO on hold until it could pick up another project.

After trying for 10 years and issuing six prospectuses since 2007, GeoCrystal has pulled another IPO.

GeoCrystal was incorporated in early 2007 and raised seed capital soon after to fund diamond exploration in Australia and pave the way for an ASX listing.

But the global financial crisis threw a spanner in the works, relegating that plan to the backburner.

Stockhead is seeking comment from GeoCrystal.

Koppar Resources was supposed to list on May 16.

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