3 IPOs to watch this week

Many investors have done well jumping on companies such as Altium Limited (ASX: ALU) and the A2 Milk Company Ltd (ASX: A2M) as they launched on the ASX.

IPOs offer investors a great chance to get in early and potentially reap fruitful returns.

But it can be a bit of a bother trying to keep up with all the companies listing.

So here are three companies that are set to this week list on the ASX that could be worth checking out.

Duxton Broadacre Farms Limited (ASX: DBF)

Duxton Broadacre Farms plans to increase its existing interests “into a diversified portfolio of high-quality, efficient farms”.

The company stated that it holds a portfolio of broadacre farms, or farms which produce grains and other crops, worth more than $58 million.

Duxton Broadacre believes that when it lists, with an expected date of Wednesday 17 January, it will be the only ASX-listed company that offers investors direct exposure to grain production.

The agricultural company intends to raise $22 million at $1.50 per share.

intelliHR Holdings Limited (ASX: IHR)

intelliHR Holdings is a human resources software company which has big plans to be the “number one people technology platform in the world”.

The Brisbane-based company, founded in 2013, offers companies data on people to analyse in order to make it easier to track real-time performance.

intelliHR Holdings is scheduled to list on Wednesday 17 January, and hopes to raise $4.5 million at 30 cents per share.

China Track Limited (ASX: CTC)

China Track Limited is a manufacturer and supplier of replacement parts for use in crawler equipment, such as bulldozers and excavators, that service the mining, construction and agricultural industries.

The company stated that in financial year (FY) 2016 it increased its net profit after tax by 17 per cent on the previous year and invested about $1.9 million on research and development.

China Track Limited believes it’s well positioned to cash in on the Chinese Government’s ‘One Belt, One Road’ initiative as a large portion of the company’s products are currently sold in countries where the massive development is set to take place.

The company sells about one per cent of its products in Australia but hopes to boost that figure by increasing its presence in the mining and agricultural sectors.

China Track is expected to list on 19 January, with an issue price of 80 cents and aims to raise $40 million.

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Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and Altium. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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