Download the APP

What IPOs Are Coming On The ASX in 2023?

May 2, 2023 10:52 am
Published by: Benjamin Baxter

In 2021, IPO activity on the Australian Securities Exchange broke several records. 241 companies went public through ASX during the year, raising nearly $12.7 billion.

The record-breaking streak didn’t last for long. In 2022, the ASX debutants were only 104, raising a total of $1.032 billion, severely lower than the previous year.

The scale is expected to shift in 2023 with plenty of companies waiting to go public during the year. Here’s a list of 5 upcoming ASX IPOs in 2023:

Ashby Mining IPO

Ashby Mining is a mineral resources company based in Australia. It secured rights to over 600 km2 of land, covering gold processing plants and historical mines, but until the completion of the IPO, Ashby Mining still won’t officially own these assets.

The company will go public through ASX on the 27th of April, particularly at 11:00 AM AEST. It’s expecting to raise $15 million of capital, with the lowest issue price being $.20.

Innogy IPO

Similar to Ashby Mining, Innogy is an exploration company specializing in battery minerals like cobalt, nickel, and lithium. Its vision is to develop sustainable, innovative exploration methods that don’t deplete the planet’s resources.

Innogy currently has an exploration portfolio of 5,300 km2, and it focuses on nickel sulfide mineralization. It should go public on the 25th of May at 11:00 AM AEST.

The capital raised is estimated at $8 million, with the lowest issue price being $0.20. The expected offer close date is the 27th of April.

Mining Green Metals IPO

Mining Green Metals is a mining company that specializes in the exploration and development of green metal projects. Its mining portfolio includes nickel, uranium, lithium, PGEs, and vanadium, and it operates in Western Australia.

The company will go public on the 10th of May, expecting to raise a capital of $5 million.


NGX stands for Nigerian Exchange, a leading African company specializing in graphite exploration and development. It’s a subsidiary of the NGX Group, which owns other companies under its name.

NGX will go public through ASX on the 17th of May, expecting to raise a specific capital of $9,561,184. The expected offer close date is the 26th of April.

Tiger Tasman Minerals IPO

Another mining company that’s waiting to go public soon, Tiger Tasman is an explorer of battery minerals, base metals, and critical minerals. The company specializes in decarbonization and energy transition, and it’s based in Australia.

Tigers Tasman will go public in less than a month, with a public listing date of May 15. It’s expecting to raise a capital of $8 million, with the lowest issue price being $0.20.

To Wrap Up

There are plenty of companies waiting to debut on ASX during 2023. Aside from these mining and exploration companies we listed here, there are other ones that still don’t have a set date for the IPO, but they’re waiting in line.

The year will hopefully be better than 2022 for ASX debutants.

Check out our Upcoming IPO Brochures Page.

The information in this article is well-researched and factual. Still, it contains opinions also, and IT IS NOT FINANCIAL ADVICE and should not be interpreted as such, do not make any financial decisions based on the information in this article; we are not financial advisors. We are journalists. You should always consult with a professional before making any investment decisions. We hold no stock or interests in any of the Companies discussed on this website/app.

New Brochures Form 2023
You can choose Multiple
Follow us on Google News


The information provided in this article is for information purposes only. These articles and their content are not, and should not be deemed to be an invitation to engage in any financial activity. This article should not be construed as advice or a personal recommendation. We are not authorised and regulated by any Financial Authority. The content of this article is not authorised by any financial authority. Reliance on this promotion for the purpose of engaging in any financial activity may expose an individual to a significant risk of losing all of the funds.

© 2023 IPO News | All Rights Reserved.
Privacy Policy | Terms & Conditions