What we know so far
Offer price: | $0.20 |
Proposed code: | SGA |
Expected raise: | $8,659,533 |
Expected listing: | TBA |
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Computer Systems Design and Related Services Industry Sarytogan Graphite is set to list soon on the Australian Securities Exchange (ASX), which means that you'll be able to buy company shares.
Sarytogan Graphite had looked to raise $8,659,533 at $0.20 a share in its initial public offering (IPO). Although the dates and prices may change, the company is pegged to begin trading publicly on the ASX on TBA.
Here's what we know about the initial public offering (IPO), including how to invest before it lists and how to buy in when it lists.
To invest in an IPO, you'll typically need to be registered with a participating broker or lead manager. This can be tricky for regular investors because only a few firms are allocated IPO stock and they're most often full-service brokers. In this case, the IPO is being lead managed by RM Corporate Finance Pty Ltd & Inyati Capital Pty Ltd.
If you're already registered with a broker, it always pays to check if they're offering pre-listed IPO stock, as lead managers sometimes allocate a portion of shares on to other firms. Your other option is to buy shares in Sarytogan Graphite once it goes public. To do that, you'll need to be signed up to a share trading platform:
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Sarytogan Graphite lodged its prospectus with the Australian Securities and Investments Commission (ASIC) to list on the ASX under the ticker symbol SGA.
RM Corporate Finance Pty Ltd & Inyati Capital Pty Ltd were appointed as lead managers with an expected raise of $8,659,533 at $0.20 per share. You can check out some of the key dates and figures in the table below:
Sarytogan Graphite IPO key numbers | |
---|---|
Offer price | $0.20 |
Dividend yield | 0% |
Total number of shares available under the offer | 42,500,000 |
Proposed ASX code | ASX: SGA |
Target market cap | $36,822,309 |
Retail offer opens | 3 March 2022 |
Retail offer closes | 17 March 2022 |
Expected listing on ASX | TBA |
Expected dispatch of holding statements | 4 April 2022 |
According to latest information available, retail investors (regular investors) have between 3 March 2022 and 17 March 2022 to participate in the Sarytogan Graphite 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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