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Upcoming IPOs this week

Each week I like to look at the upcoming IPOs which are happening on the ASX. It gives me a chance to see if there are any future stars being listed and perhaps get in early on that success story.

Every single share that currently trades on the ASX was a newly-listed share at one point, they should not be avoided just because they are new.

Here are the latest shares to be listing according to the ASX:

Diverse Security Needs Limited (to be renamed Parazero Limited) (ASX: PRZ)

Its proposed listing date is 16 May 2018.

Its principal activity is the development and manufacturing of innovative safety systems for drones.

Its product is called a SafeAir safety box which independently monitors the flight operation of the drone and if a failure occurs it can activate a patented ballistic parachute which also warns people underneath and communicates with the unmanned traffic system.

It’s hoping to raise $7 million at $0.20 per share.

Evans & Partners Asia Fund (ASX: EAF)

Its proposed listing date is 17 May 2018.

Its principal activity is investing in high-quality companies in Asia, excluding Japan.

The fund will target a 4% distribution yield of the net asset value per security. It comes with a management fee of 1.25% and a 10% outperformance fee of the excess return of the Fund above the higher of the MSCI Asia ex Japan Net Total Return and the 10-year US Government Bond yield.

Evans Dixon Limited (ASX: ED1)

Its proposed listing date is today, 14 May 2018.

Its principal activity is financial services.

The list of offerings include asset management, corporate advisory, institutional equities and fixed interest, private wealth management, self-managed superannuation and stockbroking services. Its advice segment has over 8,800 clients with $18 billion in funds under advice. The funds management group manages over $5 billion across different strategies.

It’s hoping to raise $182.2 million at $2.50 per share.

Gryphon Capital Income Trust (ASX: GCI)

Its proposed listing date is 18 May 2018.

Its principal activity is investing in fixed income securities.

It will invest in a portfolio of Australian fixed income securities. The target return is the RBA cash rate plus 3.50% per annum net of fees through the economic cycle.

It’s hoping to raise $350 million at $2 per share.

Koppar Resources Limited (ASX: KRX)

Its proposed listing date is 16 May 2018.

Its principal activity is minerals exploration.

The company describes itself as a junior exploration company established with the purpose of exploring and developing copper, zinc and other mineral opportunities.

It’s hoping to raise $4.5 million at $0.20 per share.

Star Combo Pharma Limited (ASX: S66)

Its proposed listing date was  originally Friday, 11 May 2018, but now it’s 16 May 2018.

Its principal activity is the manufacturing of dietary supplement products.

Star Combo describes itself as a leading distributor and manufacturer of premium health and natural beauty products. Based in Sydney, the company says it distributes products to both Australian and overseas markets. The company says that it has been achieving double digit growth since its establishment in 2004.

It’s hoping to raise $7 million at $0.20 per share.

Foolish takeaway

Quite a lot of businesses are scheduled to list this week. The drone company sounds fun, but I’d want to see the financials in 12 months time before considering investing. I don’t think I’m going to invest in any of them, but the Evans Asia Fund would be the one I’d pick if I had to choose one, my portfolio has very little exposure to the Asian share markets.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Scott Phillips.

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