ASX IPO for July 2021. Picture: Getty Images
IPO Wrap: Explorers, sports betting dominate July’s best performing ASX IPOs
IPO Watch
share
The ASX is on track to record the most IPOs since 2008, with 95 new listings in calendar year 2021 already.
In July alone, there were 33 debutants on the bourse, with a few more to come before the month is out.
| Code | Company | Listing Price | Current Price | % | MktCap | Sector |
|---|---|---|---|---|---|---|
| HMI | Hiremii | 0.2 | 0.088 | -56 | $5.2M | Tech |
| MKL | Mighty Kingdom | 0.3 | 0.155 | -49 | $14.9M | Tech |
| OZM | OzAurum Resources | 0.25 | 0.13 | -48 | $6.8M | Resources |
| GEN | Genmin | 0.34 | 0.185 | -46 | $52.2M | Resources |
| AUA | Audeara | 0.2 | 0.11 | -45 | $7.0M | Tech |
| AWJ | Auric Mining | 0.25 | 0.14 | -44 | $6.2M | Resources |
| PHL | Propell | 0.2 | 0.115 | -43 | $9.4M | Tech |
| MFB | My Food Bag | 1.85 | 1.25 | -33 | $303M | Consumer |
| 3MF | 3D Metalforge | 0.2 | 0.14 | -30 | $13.9M | Industrial |
| AGC | Australian Gold & Copper | 0.2 | 0.15 | -25 | $10.5M | Resources |
| ICL | Iceni Gold | 0.2 | 0.15 | -25 | $16.6M | Resources |
| A8G | Austalasian Gold | 0.2 | 0.15 | -25 | $4.9M | Resources |
| POL | Polymetals Resources | 0.2 | 0.155 | -23 | $5.6M | Resources |
| BGD | Barton Gold | 0.25 | 0.2 | -20 | $17.2M | Resources |
| TBN | Tamboran Resources | 0.4 | 0.32 | -20 | $137.0M | Resources |
| RBX | Resource Base | 0.2 | 0.16 | -20 | $5.4M | Resources |
| BEX | Bike Exchange | 0.26 | 0.21 | -19 | $30.0M | Tech |
| PPM | Pepper Money | 2.89 | 2.37 | -18 | $1.1B | Financial |
| LDR | Lode Resources | 0.2 | 0.165 | -18 | $5.9M | Resources |
| OZZ | Ozz Resources | 0.2 | 0.165 | -18 | $4.4M | Resources |
| HIQ | HitIQ | 0.2 | 0.165 | -17 | $18.1M | Tech |
| MLG | MLG | 1 | 0.84 | -16 | $122.0M | Resources |
| GFN | Gefen | 1 | 0.84 | -16 | $45.0M | Tech |
| MPA | Mad Paws | 0.2 | 0.17 | -15 | $33.1M | Tech |
| FG1 | Flynn Gold | 0.2 | 0.17 | -15 | $10.2M | Resources |
| TRU | Truscreen | 0.065 | 0.056 | -14 | $21.0M | Health |
| EZZ | EZZ Life Science | 0.5 | 0.43 | -14 | $5.3M | Consumer |
| WMG | Western Mines | 0.2 | 0.175 | -13 | $5.5M | Resources |
| FLX | Felix Group | 0.3 | 0.265 | -12 | $29.2M | Tech |
| BMO | Baston Minerals | 0.2 | 0.175 | -12 | $10.0M | Resources |
| BDX | BCAL Diagnostics | 0.25 | 0.22 | -12 | $26.3M | Health |
| LFS | Latitude Group | 2.6 | 2.35 | -10 | $2.4B | Financial |
| JNO | Juno | 0.25 | 0.225 | -10 | $31.9M | Resources |
| AM7 | Arcadia Minerals | 0.2 | 0.18 | -10 | $6.2M | Resources |
| ALB | Albion Resources | 0.2 | 0.185 | -8 | $5.2M | Resources |
| EPX | EPT Global | 0.2 | 0.185 | -8 | $21.5M | Tech |
| SB2 | Salter Brothers | 1 | 0.92 | -8 | $86.8M | Financial |
| CDR | Codrus Minerals | 0.2 | 0.185 | -8 | $7.4M | Resources |
| CHL | Campify | 1.42 | 1.32 | -8 | $35.0M | Tech |
| LKY | Locksley Resources | 0.2 | 0.185 | -8 | $5.4M | Resources |
| MTM | Mt Monger Resources | 0.2 | 0.185 | -8 | $4.9M | Resources |
| KED | Keypath Education | 3.71 | 3.45 | -7 | $718.0M | Tech |
| LDX | Lumos Diagnostics | 1.25 | 1.16 | -7 | $179.0M | Health |
| ACL | Au Clinical Labs | 4 | 3.75 | -6 | $759.0M | Health |
| FOS | FOS Capital | 0.25 | 0.235 | -6 | $2.8M | Industrial |
| TG1 | TechGen Metals | 0.2 | 0.19 | -5 | $7.1M | Resources |
| NKL | Nickelx | 0.2 | 0.19 | -5 | $10.2M | Resources |
| NXG | Nex Gen Energy | 5.6 | 5.4 | -4 | $2.1M | Energy |
| M24 | Mamba Exploration | 0.2 | 0.18 | -3 | $6.8M | Resources |
| PEX | Pexa | 17.13 | 16.87 | -2 | $3.0B | Tech |
| AS2 | Askari Metals | 0.2 | 0.195 | -2 | $5.9M | Resources |
| NNG | Nexion | 0.2 | 0.2 | 0 | $11.5M | Tech |
| WGR | Western Gold Resources | 0.2 | 0.2 | 0 | $11.9M | Resources |
| LGL | Lynch Group | 3.6 | 3.66 | 1 | $447.0M | Industrial |
| BTN | Butn | 0.5 | 0.49 | 1 | $32.5M | Tech |
| DRA | DRA Global | 3.95 | 4 | 1 | $233.0M | Industrial |
| CHR | Charger Metals | 0.2 | 0.205 | 2 | $6.4M | Resources |
| NOL | Nobleoak Life | 1.95 | 1.99 | 2 | $167.0M | Financial |
| AGN | Argenica Theraprutics | 0.2 | 0.205 | 3 | $9.2M | Health |
| WAR | WAM Strategic Value | 1.25 | 1.295 | 4 | $233.0M | Financial |
| TRN | Torrens Mining | 0.2 | 0.21 | 5 | $18.8M | Resources |
| DEL | Delorean | 0.2 | 0.21 | 5 | $37.6M | Energy |
| DDH | DDH Drill | 1.1 | 1.17 | 6 | $405.0M | Industrial |
| PGO | Pac Gold | 0.25 | 0.265 | 6 | $8.3M | Resources |
| 1VG | Victory Goldfields | 0.2 | 0.22 | 10 | $6.7M | Resources |
| BCA | Black Canyon | 0.2 | 0.225 | 13 | $7.2M | Resources |
| 29M | 29Metals | 2 | 2.26 | 13 | $1.1B | Resources |
| KCC | Kincora Copper | 0.2 | 0.23 | 15 | $16.2M | Resources |
| AQN | Aquirian | 0.2 | 0.23 | 15 | $19.2M | Resources |
| SLH | Silk Logistics | 2 | 2.36 | 18 | $182.0M | Industrial |
| MMG | Monger Gold | 0.2 | 0.24 | 20 | $6.0M | Resources |
| AE1 | Aerison | 0.2 | 0.24 | 20 | $71.2M | Industrial |
| PWR | Peter Warren | 2.9 | 3.5 | 21 | $583.0M | Consumer |
| DGL | DGL Group | 1.21 | 1.5 | 24 | $386.0M | Industrial |
| BST | Best & Less | 2.16 | 2.67 | 24 | $308.0M | Consumer |
| MM8 | Medallion Metals | 0.2 | 0.26 | 30 | $21.0M | Resources |
| GL1 | Global Lithium | 0.2 | 0.265 | 33 | $26.7M | Resources |
| SHG | Singular Health | 0.2 | 0.275 | 38 | $17.5M | Health |
| OPN | OpenNegotiation | 0.2 | 0.275 | 38 | $31.0M | Tech |
| 92E | 92Energy | 0.2 | 0.28 | 40 | $10.8M | Energy |
| ART | Airtasker | 0.65 | 0.965 | 48 | $389.0M | Tech |
| IND | Industrial Minerals | 0.2 | 0.3 | 50 | $8.3M | Resources |
| ILA | Island Pharmaceuticals | 0.2 | 0.31 | 55 | $13.1M | Health |
| CHM | Chimeric Therapeutics | 0.2 | 0.33 | 65 | $62.0M | Health |
| QML | Qmines | 0.2 | 0.33 | 65 | $14.8M | Resources |
| TRJ | Trajan | 1.7 | 2.92 | 72 | $374.0M | Health |
| LM8 | Lunnon Metals | 0.3 | 0.52 | 73 | $39.8M | Resources |
| BUR | Burley Minerals | 0.2 | 0.355 | 78 | $11.8M | Resources |
| BBT | Bluebet | 1.14 | 2.24 | 96 | $440.0M | Consumer |
| BBM | Balkan Mining | 0.2 | 0.42 | 110 | $13.1M | Resources |
| 5GG | Pentanet | 0.25 | 0.56 | 124 | $110.0M | Tech |
| PGD | Peregrine Gold | 0.2 | 0.45 | 125 | $13.0M | Resources |
| AR3 | Aust Rare | 0.3 | 0.755 | 152 | $33.4M | Resources |
| FRB | Firebird Meta | 0.2 | 0.53 | 165 | $26.0M | Resources |
Australian Rare Earths (ASX:AR3) was amongst the best performers, trading at 76c today from a listing price of 30c.
The company raised $12m in an oversubscribed IPO, to fund its flagship Koppamurra Project in SA and Vic.
The project is said to be Australia’s largest ionic clay hosted rare earth element (RRE), and has already declared a maiden mineral resource.
Another explorer, Balkan Mining (ASX:BMM), has more than doubled after its IPO.
The lithium and borate explorer raised $6.5m, and was spun out of Jadar Resources (ASX:JDR), a 22% holder, and was backed by a $2m cornerstone investment from Sandfire Resources (ASX:SFR).
It listed at 20c and is now trading at 42c, giving Balkan the ideal start to exploration activities on its Rekovac lithium and borate project in the Vardar Zone of Serbia.
Rekovac is said to have similar geological settings to Rio Tinto’s world-class Jadar discovery, which contains a mammoth ore reserve of 16.6Mt at 1.81% lithium oxide and 13.4% boron trioxide.
Sports betting platform, Bluebet (ASX:BBT), raised $80 million at $1.14 per share in the IPO, and is now trading at $2.23.
The company has big expansion plans in the US, and with only 19 states plus the District of Columbia having legalised betting, the runway is still a long one for the company.
“We’ve been developing this product over a long period of time, it’s clearly worked in Australia, we’ve got a good profitable business and we think there’s a chance to go to the US,” Bluebet CEO Michael Sullivan told Stockhead last month.
Best and worst ASX IPOs for the year
As reported by Stockhead, the average gain of ASX IPOs has been falling in recent weeks, and in June, the average gain was only 11 per cent.
Best performing IPO of the year has been that of Firebird Metals (ASX:FRB), which has risen by 165% since its debut.
The company is a manganese explorer that was spun off from parent Firefly Resources (ASX:FFR). It owns the Oakover and Hill 616 projects in the Pilbara regions well known for their manganese deposits.
Meanwhile, the worst performing IPO this year was recruitment tech Hiremii (ASX:HMI), which listed in May and has since lost more than half its value.
The company has a proprietary AI technology – Hiremii Recruitment – that sorts through job applications and matches them with employer requirements thereby saving them time.
The company raised $6m in the IPO, but has run straight into a job market that has been ravaged by lockdowns recently.
Notable upcoming IPOs
| Code | Company | Price per share | Capital raised | Listing Date | Sector |
|---|---|---|---|---|---|
| ETT | East33 | 29-Jul | 0.2 | $32m | Consumer |
| M3M | M3 Mining | 29-Jul | 0.2 | $4.6M | Resources |
| PFE | Pantera Minerals | 5-Aug | 0.2 | $7m | Resources |
| BMR | Ballymore Resources | 6-Aug | 0.2 | $11m | Resources |
| CNR | Cannon Resources | 12-Aug | 0.2 | $6m | Resources |
| CPO | Culpeo | 17-Aug | 0.2 | $6m | Resources |
| TMB | Tambourah Metals | 20-Aug | 0.2 | $8m | Resources |
| KNI | Kuniko | 23-Aug | 0.2 | $7.9M | Resources |
| CU6 | Clarity Pharmaceuticals | 25-Aug | 1.4 | $92.0M | Health |
| LGM | Legacy Minerals | 26-Aug | 0.2 | $7m | Resources |
| KNB | Koonenberry Gold | 30-Aug | 0.2 | $10m | Resources |
| LIS | Li-S Energy | 30-Aug | 0.85 | $34m | Tech |
| BEZ | Besera Gold | 7-Sep | 0.2 | $12.5M | Resources |
| MMI | Midas Minerals | 7-Sep | 0.2 | $6m | Resources |
| IR1 | Iris Metals | 10-Sep | 0.2 | $7m | Resources |
Seafood specialist East 33 (ASX:ETT), is set to make its ASX debut this week, after raising $32m in the IPO.
The company focuses on the oysters export market, where Australian exports account for only 1% of the 120 billion oysters produced worldwide.
Read MoreInitial Public Offering - IPO
