The COVID-19 pandemic has caused a wave of discounted capital raisings with ~$43 billion of discounted new shares issued this year.
Share Purchase Plans (SPPs) allow individual shareholders to apply for up to $30,000 in shares at the same discounted price paid by institutions. In the 6 months to 30 June, in-the-money SPPs were issued at an average 11% discount to the ASX closing price on the SPP closing date. But, you must be a shareholder before the SPP is announced.
SPP HarvesterTM gives you access to SPPs by buying you 1-share in 300 of the largest, liquid, operating companies listed on ASX. It will identify and apply for in-the-money SPPs and automatically sell the new securities, efficiently recycling your capital into the next SPP. This automatically harvests the discount for SPPs, with minimum capital outlay, low establishment costs and minimal administration.
The company has reached the minimum subscription and we will be closing the IPO early.
All applications and payments must be submitted by Wednesday 5:00pm (AEDT)
Native Mineral Resources Holdings Limited (ASX: NMR) is an Australian based minerals exploration company established to explore for copper and gold deposits. The Company has interests in 10 highly prospective tenements located in the Palmerville Fault region of North Queensland and Mount Morgan in Central Queensland, and 4 prospective gold tenements in the Eastern Goldfields region in Western Australia. The Company’s projects include the Leane’s prospect at Palmerville where copper and gold mineralisation has been intersected.
The Zebit, Inc. IPO has successfully closed via OnMarket. There was strong interest in the offer and all applications received some scale back. Allotment of shares is expected on 23 October, with ASX listing on Monday 26 October.
Forbidden Foods Ltd produces healthy food to meet growing consumer demand for differentiated, health-orientated products and has supplied directly to 159 customers and 14 major food manufacturers with access to over 3,500 retailers and 500 food service and QSR customers through its network of 26 distributors.
Manuka Resources Limited is the owner of the Wonawinta silver project and the Mt Boppy gold project, both located in the Cobar Basin region of NSW. The projects are fully permitted with JORC compliant resources and are serviced by the recently refurbished and company owned 850k tpa Wonawita Processing Plant.
InteliCare Holdings Ltd is focused on the development and commercialisation of the InteliCare system, a market leading, end-to-end remote monitoring technology solution that allows seniors to live safely in their own residence for longer.
thedocyard Ltd is a revenue generating developer and provider of cloud-based software specifically built for managing the entire life cycle of any corporate or commercial transaction on one central platform. It operates a Software as a Service (SaaS) business model.
Little Green Pharma Ltd is a leading Australian medicinal cannabis business and was the first Australian company to achieve production of a locally-grown medicinal cannabis product for patient use.
Now everyone can invest in IPOs. Get ASX IPOs delivered to your inbox. It’s never been easier to get fair, free access to IPOs.
View free digestible, relevant, research and video interviews with company management before deciding what to invest in.
Fast, simple, secure bidding into IPOs either via the OnMarket app or website. Buy shares directly from your phone.
Our performance has motivated members to share OnMarket, earning them over $242,201 in rewards.
The average returns by days post-listing are...
*Based on both open and closed positions of the 141 listed offers as at 1 October 2020.
Performance figures are calculated using a simple average method.