Greater access to IPOs through OnMarket BookBuilds

amscot has partnered with OnMarket BookBuilds to provide our clients with even more investment opportunities. In addition to the exclusive capital raisings that amscot undertakes and offers to our clients, you can now take advantage of offers from OnMarket. Our association with OnMarket will allow you to bid directly on IPOs and have the shares allocated straight to your holdings at amscot. Through OnMarket our clients will also be able to access free research, management interviews and get notifications on upcoming IPOs.

OnMarket is Australia’s first online platform that lets all investors buy shares in IPOs free of any fees other than the cost of the shares. Since launching in October 2015 OnMarket has hosted 1 in 3 ASX IPOs, so we are obviously excited to be able to offer our clients access to this cutting-edge platform. For each offer hosted by OnMarket you get easy bidding & payment, free independent research, and a chance to 'meet the management' via exclusive video interviews. Best of all, when you invest in IPOs via OnMarket, any shares you buy can be allocated directly to your amscot Stockbroking account so you can manage your portfolio without disruption.

How does it work?

We will display the list of current offers from OnMarket on our website. If you see an offer that you want to invest in then click on the Bid Now button to apply for shares. You will leave amscot website and be redirected to our partner's (OnMarket) bidding platform where you will need to sign up with your Holder Identification Number (HIN). If you have already signed up then you will be taken straight to the bidding page for the selected offer.

It is important that you enter your HIN correctly when you set up your login at OnMarket. This will make for a seamless experience if you want your shares to be automatically allocated to your amscot account.

Current OnMarket Offers

IPO
Software & Services
$0.20
Size of Offer $11 million
Minimum Bid $2,000.00
Opening Date 19/06/2018
Closing Date 22/06/2018

 

Offer is only open for four days. Bids over $5,000 may be scaled back more heavily, and we cannot guarantee that all funded applications will be allocated. Duplicate bids may be cancelled.

Introduction

Kleos Space SA (ASX: KSS) will launch and operate satellite infrastructure that will generate commercial geospatial intelligence (GEOINT) and signals intelligence data (SIGINT) data and sell the Data as a Service (DaaS) internationally via subscription to government agencies, the intelligence community, end users, or businesses interested in locating threats, assets, targets or emergency beacons/those in distress.

Kleos has been incorporated in Luxembourg and is developing the software to collect information previously not available on a global coverage basis. There are no readily available, reliable or commercially driven solutions in existence today using large aerial arrays on Earth or satellites that also come at an affordable price for consumers.

Kleos is a Data as a Service (DaaS) company initially targeting the government intelligence, surveillance and reconnaissance (ISR) market. As Kleos develops its product offerings, it will expand its product offering from the provision of ‘raw data’ to the provision of higher value ‘intelligence’ and will also extend its target market to the commercial geospatial intelligence market 

Kleos will launch, own and operate Low Earth Orbit (LEO) Satellites that will orbit the Earth collecting data on radio transmissions from devices such as Marine and Land Based very high frequency (VHF) devices.

Longer term Kleos intends to launch up to 20 satellite systems in total. The more satellite systems in orbit, the more frequently the same area of the Globe is observed thus reducing latency in reported data and will have the capability to geolocate radio transmissions other than VHF/AIS.  Other example radio transmissions of interest are from cell phones, radar and signal jammers.

Offer overview

Kleos Space SA is looking to raise $11 million, and will have an estimated market capitalisation of $28.8 million at maximum subscription on a fully diluted basis.  The proceeds from the Offer will be used for:

  • the launch of the Scouting Satellite;
  • development of the Company’s product offering, including the Guardian ABI platform, in order to be sold to the defence and security sector; and
  • working capital requirements.

The company is offering CHESS Depositary Interests (CDIs) over ordinary shares. CDIs represent the beneficial interest in the underlying shares in a foreign company and are traded in a manner similar to shares of Australian companies listed on the ASX. Each Share will be equivalent to 1 CDI and will trade under the ASX code KSS.

Key Highlights

Kleos believes that the key investment highlights of the Offer include the following:

  • Product offering - The product offered by Kleos will be an accurate, market disruptive, Intelligence, Surveillance and Reconnaissance (ISR) DaaS product.
  • Multiple applications - Kleos’ products may be used across a range of applications, including defence, security, commercial, civilian and humanitarian.
  • Pathway to revenues - Kleos will be positioned to start generating revenue shortly after the launch of the Scouting Satellite (targeted for Q2 2019).
  • Scalable business - The Kleos business will initially provide a DaaS product targeted at the defence industry. The product is scalable both in terms of extension into different markets and development of increasing ‘value’ of the product offering. This will be enabled by launching more satellites (which will allow data to be refreshed more regularly) and development of Activity Based Intelligence (ABI) by layering the geolocation data with information such as AIS and weather.
  • Market size- Kleos plans to capitalise on commercial first mover advantage by deploying LEO Satellites to penetrate the global ISR market which was estimated to be US$41.5 billion in 2015 and provide a commercial DaaS solution.

Industry Overview

Kleos is a Data as a Service (DaaS) company initially targeting the government intelligence, surveillance and reconnaissance (ISR) market.

ISR provides information and intelligence to decision-makers and action-takers, helping them to make informed, timely and accurate decisions. The users of ISR data are predominately governmental defence and security agencies. Increasingly complex threats and emergencies are driving the need for ISR data. ISR data is not a ‘nice to have’, but a ‘must-have’ capability, as ISR superiority is essential for success when dealing with emerging global threats. Every government knows that it needs both strategic and tactical ISR data to protect and ensure the safety of its citizens, and Ministries of Defence, Interior & Security are commonly tasked with obtaining the latest ISR data.

Management and Board

Kleos Space SA is managed by an experienced team with a broad range of development and commercialisation of Space technology and more broadly, in the Government and Non-Government defence and security sectors. These include:

  • Peter Round, Chairman and Executive Director with over 30 years’ experience as a military pilot. Peter has completed operational tours as the RAF Detachment Commander at Prince Sultan Air Force Base, Saudi Arabia and as an Operations Team Leader at the UK Permanent Joint Headquarters.
  • Andrew Bowyer, CEO and Executive Director, co-founded Space technology firm Magna Parva in 2005 and subsequently co-founded Kleos Space, leading the Company’s strategy  and execution since inception. Andrew has held leadership positions in Space technology development firms for 15 years and has developed a reputation for executing successful Space projects
  • Miles Ashcroft, CEO  and Executive Director, Miles co-founded Space engineering company Magna Parva in 2005, and co-founded Kleos Space as a spin-out from Magna Parva in 2017, Miles leads Kleos’ technology strategy.

Risks

You are encouraged to read the Prospectus carefully as it contains detailed information about the Company and the Offer. Like all investments, an investment in the Company carries risk. As set out in Section 4 of the prospectus, Kleos Space SA is subject to a range of risks, including but not limited to intellectual property, licences and permits and suspension or withdrawal of consents.

 

Section 734(6) disclosure: The issuer of the securities is Kleos Space SA ARBN 625 668 733. The securities to be issued are CHESS Depository Receipts (CDIs) over ordinary shares in the capital of Kleos Space SA, to be quoted on ASX.  The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).​

OnMarket has a limited allocation. The offer may close early and the 'Pay By' dates may change. Bids over $5,000 may be scaled back more heavily. Duplicate bids under the same investment profile, investor name or residential address may be cancelled.

 

IPO
Energy
$0.35
Size of Offer $30-50 million
Minimum Bid $2,100.00
Opening Date 29/05/2018
Closing Date 13/07/2018

Introduction

1414 Degrees Limited (ASX: 14D) designs, develops and manufactures Thermal Energy Storage Systems (TESS) that utilise the very high energy density of molten silicon to maximise efficiency.  The TESS is intended to provide affordable and reliable renewable energy storage. The Company’s TESS devices are versatile and scalable, differentiating them from other storage systems and technologies.

The ability to deliver heat with high efficiency means 1414 Degrees’ technology has been particularly sought-after by industry, property developers and by entities responsible for self-sufficient networks in the unregulated commercial setting. The Company’s industrial product line is being developed to meet the needs of end users ranging from waste treatment utilities to poultry processors and packaging manufacturers, all of whom have approached the company on their own initiative, seeking solutions to high energy costs and reduction in carbon emissions.

Following years of effort by the Company’s engineering team and the successful development of its commercial demonstrator, together with the support of a Commonwealth Government AusIndustry Accelerated Commercialisation grant, the Company is now in an early stage of product development and commercialisation.

Offer Overview

1414 Degrees Limited is looking to raise between $30 million and $50 million via its IPO with a market capitalisation of approximately $94.0 million at maximum subscription. 

The proceeds of the IPO will primarily be used for:

  • construction and commission of its products on four sites – a wastewater treatment plant, a poultry processing facility, a packaging manufacturer, and a site with heat offtake and connection to the electricity network;
  • engineering and commercial assessment of the local and international proposals received for TESS installations to identify the most profitable and logistically viable sites to build sales; and
  • providing working capital.

The Technology

The 1414 Degrees TESS stores electrical energy as heat in molten silicon in an insulated container, then retrieves this energy to supply heat or to generate electricity when required. Highly efficient variants of the system include burning bio-fuel to heat the store, and a heat-only version outputting steam or hot air.

The novelty of the TESS is in the high temperature use of silicon in its melting phase of 1414°C. This means the TESS is able to store large amounts of energy as both latent and sensible heat (latent heat is heat that causes a change of state with no change in temperature whereas sensible heat is related to changes in temperature with no change in phase).

TESS designs 

The Company has four modular TESS designs based on the core silicon phase change storage technology:

  1. The TESS-GRID has an architecture allowing it to store bulk energy at very high current flows and supply electricity and heat for long periods. The device is aimed at providing energy security in electricity markets with substantial renewable generation. 
  2. The TESS-IND is designed for industries and residential developments requiring reliable electricity and heat energy from renewable generation.
  3. The TESS-STEAM is designed for industries with a very high demand for heat compared to electricity. It is designed as a very high efficiency steam generator to replace gas or other energy sources with renewable energy.
  4. The GAS-TESS is being developed to burn waste gas and store the energy for recovery as electricity and heat. Its market is waste management utilities and entities requiring efficient waste gas disposal and flexible energy supply.

What differentiates the Company’s technology from alternative energy storage technologies is the capacity of its TESS products to efficiently supply high temperature heat as well as energy in the form of electricity in proportions that suit users’ specific requirements, making it unique in the energy storage market and of interest to customers in a range of industries, for a variety of applications

Revenue

1414 Degrees intends to install TESS devices in industry sites to generate operating specifications required for sales to national and international customers.  The Company will generate revenue by:

  • offering lease-purchase plans over a 10 - 20 year term with an option for the customer to purchase, subject to the Company retaining a right to buy back the TESS device. This structure, known as ‘Hardware-as-a-Service’ (HaaS), will have associated long term operating and maintenance agreements (O&M Agreements) also generating revenue; and
  • incorporating special purpose vehicles (SPVs) that integrate its TESSGRID with renewable generation and industry customers The Company would then generate cash flows from sales of its devices to the SPV and from ongoing management fees and/or fees under O&M Agreements entered into with those entities.

Management and Board

1414 Degrees Limited is managed by an energetic and experienced team with a broad range of technical, commercial and financial skills. These include:

  • Dr Kevin Moriarty, Chairman with over 40 years’ mining and oil exploration and development;
  • Robert Shepherd, Non-executive Director and founding investor with over 49 years’ experience in accounting;
  • Dana Larson - Independent Non-Executive Director with 16 years’ experience in the energy sector with a position undertaking technical assessments for American Energy Partners.

 

As set out in Section 6 of the Prospectus, 1414 Degrees Limited is subject to a range of risks, including but not limited to short operating experience; reliance on third parties, failure to build and commission TESS technology, business strategy and shortage of funding.

 

Section 734(6) disclosure: The issuer of the securities is 1414 Degrees Limited ACN 138 803 620. The securities to be issued are ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).​

 

 

IPO
Materials
$0.20
Size of Offer $5 million
Minimum Bid $2,000.00
Opening Date 21/06/2018
Closing Date 20/07/2018

Introduction

Tempus Resources Limited (ASX:TMR) is an exploration company, established with the purpose of exploring and developing copper and other mineral opportunities.  On completion of the IPO, Tenpus will acquire a 90% interest in Montejinni Resources Pty Ltd (ACN 616 894 216) (Montejinni), which is the registered holder the Montejinni Project in the Northern Territory and the Claypan Dam Project in South Australia.

Tempus will be led by Alexander Molyneux (Executive Chairman), who is an experienced mining industry executive, director and financier. Until recently, he served as CEO of one of the world largest publicly listed uranium producers, Paladin Energy Ltd. (ASX: PDN) where he recently presided over a US$700M successful recapitalisation and re-listing of the company. Alexander currently serves as non-executive chairman of Argosy Minerals Ltd. (ASX: AGY), non-executive chairman of Azarga Metals Corp. (TSXV: AZR) and non-executive director of Metalla Royalty & Streaming Ltd. (TSXV: MTA).  Alexander’s recent assignment as CEO of Paladin involved a number of complex transactions to complete the successful recapitalisation of the company.

Brendan Borg (Non-Executive Director) is a highly respected geologist who has specialised in the “battery materials” sector including lithium, graphite and cobalt mineralisation, participating in numerous successful projects, in an investment and/or operational capacity. Brendan is currently managing director of Celsius Resources (ASX: CLA) and has 20 years’ experience gained working in management, operational and project development roles in the exploration and mining industries. He has worked with companies including Rio Tinto Iron Ore, Magnis Resources Limited, IronClad Mining Limited, Lithex Resources Limited and Sibelco Australia Limited.

Offer overview

Tempus Resources Limited is looking to raise $5 million, and will have an estimated market capitalisation of $7.3 million at maximum subscription.  The proceeds from the Offer will be used for:

  • exploration expenditure and assessment of the Montejinni Project and the Claypan Dam Project;
  • costs of acquisition of Montejinni;
  • working Capital and Administration Costs; and
  • costs of the Offer.

The Montejinni and Claypan Dam Projects

The Montejinni Project, located near Top Springs in the Northern Territory has abundant anecdotal and physical evidence of copper rich float within the tenement location. Historical data has been collated and reviewed from previous site work undertaken between 1968 and 1997 by Renison Goldfields, Stockdale, Tipperary Land Corporation and Metals Exploration.  Amalgamation of the data has produced a new exploration target with potential for a significant high grade poly metallic (copper & zinc) deposit.

The Claypan Dam Project is located in the Gawler Craton of South Australia. It has the potential to host a variety of mineralisation styles including iron oxide copper gold (IOCG), nickel–copper, iron–titanium‐phosphate (FTP), rare earth elements and banded iron formation (BIF) ore deposits.

Key Investment Advantages

The Directors are of the view that an investment in Tempus Resources provides the following nonexclusive list of advantages:

  • a portfolio of quality assets throughout Australia (being South Australia and the Northern Territory) considered by the Board to be prospective for base metals (gold, copper, zinc and nickel); 
  • the Company has a highly credible and experienced team to progress exploration and accelerate potential development of the Tenements.

Business Objectives  

The Company’s main objectives on completion of the Offer are:

  • focus on mineral exploration of resource opportunities that have the potential to deliver growth for Shareholders; 
  • continue to pursue other acquisitions that have a strategic fit for the Company;
  • systematically explore the Company’s key projects being the Montejinni Project and the Claypan Dam Project;
  • implement a growth strategy to seek out further exploration and acquisition opportunities in Australia.

As set out in Section 4 of the Prospectus, Tempus Resources Limited is subject to a range of risks, including but not limited to volatility of base metal prices and exchange rates, exploration costs and risks with respect to the holding of exploration tenure.

 

Section 734(6) disclosure: The issuer of the securities is Tempus Resources Limited ACN 625 645 338. The securities to be issued are ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).​

IPO
Food & Beverage
$0.20
Size of Offer Up to $15 million
Minimum Bid $2,000.00
Opening Date 8/05/2018
Closing Date 5/07/2018

 

The Keytone Dairy Group Ltd IPO has closed early via OnMarket.

Bids over $5,000 may be scaled back more heavily, and we cannot guarantee that all funded applications will be allocated. Duplicate bids under the same investment profile, investor name or residential address may be cancelled.

Introduction

Keytone Enterprises (NZ) Company Ltd (“Keytone”) has been in operation since 2014 using its proprietary manufacturing facility in Christchurch, New Zealand and has commercialised whole and skim milk powder as well as other dairy powder blends under its proprietary brands.

Keytone is focused on providing high-margin, value-added products for export globally, including to China and other Asian countries, as well as domestic sales to discerning supermarket customers. It is seeking to capitalise on its manufacturing and exporting platform, including by expanding its production capacity and building additional manufacturing facilities.

Keytone had revenues of $1.57m and EBITDA of $538,554 for the financial year to 31 March 2017, and is forecasting revenue and profits of $1.95 million and $652,270, respectively, for the financial year to 31 March 2018.

Keytone’s proprietary products are carried in major traditional supermarket chains both in and outside of New Zealand, including Countdown (Woolworths), New World and PaknSave in New Zealand, Metro in China and Hals Kraft in Sweden. Keytone also distributes its products through online channels including JD.com, Tmall/Taobao-Alibaba and VIP.com.

Keytone also manufactures and packs a range of powdered dairy products for major supermarkets, retail chains and other customers under their private label brands across New Zealand and international markets.

Keytone holds coveted licenses including the China Certification and Accreditation Administration (CNCA) registration and Halal certification by the Federation of Islamic Associations of New Zealand and is registered with the New Zealand Ministry of Primary Industries, Risk Management Program.

As part of the IPO, Keytone Dairy Corporation Limited (pending ASX: KTD) will acquire 100% of Keytone Enterprises (NZ) Company Ltd and will manage and operate Keytone’s business.

Offer Overview

Keytone Dairy Corporation Limited is looking to raise up to $15 million via its IPO. 

The proceeds of the IPO will be used to:

  • expand its manufacturing base from its one existing facility (thus substantially expanding its production capacity);
  • substantially expand its product range;
  • expand its existing distribution network; and
  • develop distribution in additional geographic markets.

Industry in which Keytone Operates

Keytone operates in the dairy products segment of the fast-moving consumer goods industry. Keytone focuses on the global market for the powdered dairy industry and nutritional and nutraceutical ingredients industry, which are estimated to be worth at least US$21.4 billion (approximately $28.3 billion at the date of this Prospectus) and US$12.2 billion (approximately $16.1 billion), respectively.

Demand for dairy and nutrition products are growing rapidly in Keytone’s primary export markets, Asia and in particular China, driven by growth in China’s middle-class population and the ending of its one-child policy. China’s Ministry of Agriculture expects dairy imports to reach 15.88 million tonnes in 2020, a 43.1% increase over imports in 2015. 

Products

Keytone owns three main brands, being KeyDairy®, KeyHealth® and FaceClear®, all of which are registered trademarks in New Zealand and are the subject of trademark applications in Australia. Additionally, KeyDairy® is registered in China and FaceClear® is registered in both China and the European Union.

  • KeyDairy® - powered milk powdered milk nutritional products, including whole milk powder, skim milk powder, colostrum milk powder, and kiwifruit milk powder.
  • FaceClear® - health supplement capsules, an award-winning health supplement for the treatment of acne. FaceClear® has won the Silver Award under the Best Natural Beauty Product in the Natural Products Expo Scandinavia.

Revenue

Keytone’s business model is aimed at generating revenues from the sales of high margin, value-added products under its own brand, as well as from manufacturing and packing products for major supermarkets, retail chainsand other customers under the customers’ private label brands, with whom Keytone has existing relationships.

Keytone had revenues of $1,568,005 and EBITDA of $538,554 for the financial year to 31 March 2017, which represents substantial growth from its revenues of $66,259 and EBITDA of $(42,452) for the financial year to 31 March 2013. In addition, Keytone’s revenue and profit forecasts are $1,945,907 and $652,270, respectively, for the financial year to 31 March 2018.

Management and Board

The Keytone team comprises proven individuals with extensive experience in the global dairy industry and includes Bernard Kavanagh (Chairman) who has held executive positions including  Executive Director, CFO, GM - Corporate Development at Warrnambool Cheese and Butter Factory Co Ltd including during the periods leading up to ASX Listing and subsequent acquisition by Saputo Inc.,  and Peter Hobman (Non-Executive Director) who was formerly General Manager at Murray Goulburn Co-Op Dairy Co Ltd and MG Nutritionals. The Company is headed by Keytone’s Managing Director, CEO and founder James Gong, who was Head of Sales for Asia at Westland Co-operative Dairy Company prior to founding Keytone.

 

As set out in Section 7 of the Prospectus, Keytone Dairy Corporation Limited is subject to a range of risks, including but not limited to business strategy, regulatory risk, manufacturing and supply and competition.

The information contained herein is intended solely for persons within Australia and New Zealand. This communication is not for publication or distribution, directly or indirectly, in or into the United States of America, including its territories and possessions, any state of the United States of America and the District of Colombia (collectively, the “US”). This communication is not an offer of securities for sale into the US. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the US, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the US.

 

Disclaimer: All information on this section is of a general nature. Before making any investment decision, please seek the relevant advice.

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