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Your guide to upcoming floats

This article appeared in the April 2014 ASX Investor Update email newsletter. To subscribe to this newsletter please register with the MyASX section or visit the About MyASX page for past editions and more details.

An update on companies that have applied for official admission to ASX, and links to information on upcoming and new listings.

From ASX

Here is a snapshot of entities that had applied for admission to the official list of ASX, as at March 4, 2014. Upcoming floats has more information, and Recent floats and listings provides information on entities that have listed on ASX in the previous two months.

Note: information about upcoming floats can change quickly if companies close their IPO ahead of schedule, or decide to extend their offer. Check the ASX website or talk to your financial adviser for latest information. IPO listing and closing dates are indicative only.

1. Acorn Capital Investment Fund Limited

Upon completion of its offer, Acorn will be a listed investment company (LIC) that will invest in 'microcap companies'. Its objective is to achieve after-fee returns on the investment portfolio in the long term that are higher than the S&P/ASX Small Ordinaries Accumulation Index, through long-term capital growth, by way of investment in a diversified portfolio of microcap companies. Capital to be raised: up to $100 million.

2. Beacon Lighting Group Limited

Beacon Lighting is Australia's largest and leading specialist retailer of lighting, ceiling fans and light globes, with 71 owned stores, 14 franchised stores and four commercial sales offices. Many of the products offered are exclusive to Beacon Lighting and encompass both fashion and design elements pursuing the latest technology for energy efficiency. Capital to be raised: up to $63.8 million.

3. Fifth Element Resources Limited

Fifth Element is a junior mineral exploration company that has assembled a diversified portfolio of projects in the mid-west of New South Wales. This portfolio provides exposure to the key commodities of gold and copper. Exploration has been in progress since early 2012 and has resulted in the acquisition of four exploration licences. Capital to be raised: $5 million.

4. Genesis Energy Limited

Genesis owns and operates a diverse and flexible portfolio of generation assets located in both the North and South islands of New Zealand. Producing approximately 17 per cent of New Zealand's electricity in 2013, the company generates from 10 power stations using water and wind, as well as gas and coal. Capital to be raised: up to NZ$808.5 million.

5. HuaYi Resources Limited

HuaYi Resources has a magnesite project in the mountainous region in Haicheng City, in the People's Republic of China (PRC). HuaYi intends to undertake a drilling program with the aim of providing a JORC-compliant resource for the project, and verify and validate the classified mineralisation estimates undertaken in the PRC in 2009 and 2012. Capital to be raised: $2.5 million.

6. Stavely Minerals Limited

Stavely Minerals is a mineral exploration company formed to acquire early-to-advanced stage exploration projects with demonstrated high potential for additional discovery. Stavely Minerals was founded and is operated by members of the former Integra Mining Limited management team, which has a track record of discovery and value creation. Capital to be raised: $6 million

7. Victor Group Holdings Limited

The China-based company, established in June 2006, provides marketing management training, brand planning, marketing strategic planning, and importing advanced management mode to enterprises. Capital to be raised: $3 million.

From ASX

The entities listed above have made application for admission to the official list of ASX. Part of this application process includes the allocation of a provisional ASX code and the provision of details about the entity on the linked page below. In some instances ASX provides a link to a third-party site from which the offer document and application form may also be available for download.

The allocation of a code and the provision of a link to a third-party site does not in any way imply that the entity's application for admission to the official list will be approved and should not be considered in any way as an indication of the merits of the entity. Use of a link to a third-party site indicates your acceptance of the conditions.

It is advisable to obtain investment advice before making any investment decisions relying on information provided on a third-party site, and the entity's offer document should be read in its entirety before any decision is made to invest in the entity's securities.

The views, opinions or recommendations of the author in this article are solely those of the author and do not in any way reflect the views, opinions, recommendations, of ASX Limited ABN 98 008 624 691 and its related bodies corporate ("ASX"). ASX makes no representation or warranty with respect to the accuracy, completeness or currency of the content. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian financial services licensee before making investment decisions. To the extent permitted by law, ASX excludes all liability for any loss or damage arising in any way including by way of negligence.

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