How to invest in the Qmines IPO | Finder
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How to invest in the Qmines IPO

Qmines is set to go public, here's what you need to know if you're looking to buy in.

What we know so far

Offer price: $0.30
Proposed code: QML
Expected raise: $10,000,000
Expected listing: TBA
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Copper and gold developer Qmines is expected to list soon on the Australian Securities Exchange (ASX), which means that you'll have the option of buying shares. Here's what we know about the initial public offering, including how to invest before it lists and how to buy in when it launches.

How to invest in the Qmines IPO

To invest in an IPO, you'll usually need to be registered with a participating broker or lead manager. This can be tricky for retail investors because there are usually only a few firms allocated for each IPO and they're typically full-service stockbrokers. In this case, the IPO is being lead managed by Shaw and Partners Limited.

If you're already registered with a broker, it always pays to check if they're offering IPO stock, as lead managers sometimes allocate a portion of shares on to other firms. Your other option is to buy shares in Qmines once it goes public. To do that, you'll need to be signed up to a share trading platform:

How to buy shares when Qmines lists

  1. Compare share trading platforms. To buy shares in an Australian-listed company, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Qmines. Find the share by name or ticker symbol: QML. You can also search for any other shares traded publicly on exchanges available within your chosen platform.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Qmines reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At price of at you're buying the shares, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of Qmines. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

What we know about the Qmines IPO

Qmines lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol QML.

Shaw and Partners Limited were appointed as lead managers with an expected raise of $10,000,000 at $0.30 per share. You can check out some of the key dates and figures in the table below:


Qmines IPO key numbers
Offer price $0.30
Dividend yield 0%
Total number of shares available under the offer 72,035,719 - 72,035,719
Proposed ASX code ASX: QML
Target market cap $31,610,716 - $41,610,716
Retail offer opens 24 March 2021
Retail offer closes 7 April 2021
Expected listing on ASX TBA
Expected dispatch of holding statements 16 April 2021
Source: Qmines prospectus

According to latest information available, retail investors (regular investors) have between 24 March 2021 and 7 April 2021 to participate in the Qmines IPO. After the retail offer close date, you'll need to wait until the stock is publicly available on the ASX to buy shares.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Data updated regularly
Name Product Standard brokerage fee Inactivity fee Markets
Superhero share trading
Superhero share trading
AUD $5
No
ASX shares, ETFs
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
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Bell Direct Share Trading
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Bell Direct Share Trading
AUD $15
No
ASX shares, mFunds, ETFs
Exclusive: New customers who open an account with Bell Direct through Finder will pay no brokerage fees on the first five stock or ETF trades until April 30, 2021 (T&Cs apply).
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
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IG Share Trading
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IG Share Trading
AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
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CMC Markets Stockbroking
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CMC Markets Stockbroking
AUD $11 or 0.1%
No
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
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ANZ Share Investing
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
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Westpac Online Investing Account
Westpac Online Investing Account
AUD 19.95 or 0.11%
USD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, ETFs
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Balance sheet

In FY20, the company generated $15,000 of revenue. Estimated net profit (NPAT) in FY20 was -$156,000, and -$182,000 in the prior year.

Company history

Qmines launched in 2020 by and is headquartered in Queensland, Australia.

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