Adrad Holdings Limited is an Australian-based business specialising in the design and manufacture of innovative heat transfer solutions for OE customers globally and the manufacture, importation and distribution of automotive parts for the aftermarket in Australia and New Zealand. It is set to list on the Australian Securities Exchange (ASX).
Enterprise Value/pro forma FY22F EBITDA is 6.1 x and Offer Price/pro forma FY22F NPAT per Share 12.0 x
Adrad Holdings Limited was looking to raise up to $22,000,000 at $1.50 per share in its initial public offering (IPO). The Public Offer opens on 25 Aug 2022 and closes on 15 Sep 2022. The expected date for quotation on ASX is 30 Sep 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | AHL |
| Name | Adrad Holdings Limited |
| Website | http://adradholdings.com.au/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Underwritten. Bell Potter Securities Limited and Morgans Corporate Limited (Joint underwriters and Lead managers) |
| Opening Date for the Public Offer: | 25 August 2022 |
| Closing Date for the Public Offer: | 15 september 2022 |
| Expected date for New Shares to commence trading on ASX | 30 september 2022 |
| Funds to be raised under the Public Offer (before costs) | $22,000,000 |
| Offer price per Share | $1.50 |
| Shares on issue at the Prospectus Date | 53,986,781 |
| Shares to be issued under the Public Offer | 14,666,667 |
| Total Shares | 80,653,485 |
| Escrow (estimated) | 62,970,130 Shares |
Source: Adrad Holdings Limited prospectus, official website.