Tasmea Limited Set to Make ASX Debut: April 29, 2024

Staff Writer

Tasmea IPO

Tasmea Limited, a maintenance, engineering, and sustaining capital service provider, is gearing up for its much-anticipated listing on the Australian Securities Exchange (ASX). The company’s IPO is scheduled for April 29, 2024, at 11:00 AM AEST, marking an exciting milestone in its journey towards becoming a publicly traded entity.

Listing Details:

  • Listing Date: April 29, 2024, 11:00 AM AEST
  • Company Contact:
  • Website: Tasmea Limited
  • Phone: +61 8 8212 2929

Principal Activities:
Tasmea Limited specializes in providing maintenance, engineering, and sustaining capital services. With a focus on delivering high-quality solutions, the company plays a vital role in supporting various industries by ensuring the efficient operation and upkeep of essential infrastructure and assets.

Issue Details:

  • Issue Price: AUD 1.56 per Ordinary Fully Paid Share
  • Security Code: TEA
  • Capital to be Raised: $59,000,000
  • Expected Offer Close Date: April 10, 2024
  • Underwriters:
  • Morgans Corporate Limited
  • Unified Capital Partners Pty Ltd
  • Shaw and Partners Limited
  • Morgans Corporate Limited and Unified Capital Partners Pty Ltd (Joint Underwriters)

Anticipation and Expectations:
Investors and industry observers are eagerly anticipating Tasmea Limited’s ASX debut. The company’s expertise in maintenance and engineering services, coupled with its strong capital raising target, has garnered attention from both institutional and retail investors.

Market Outlook:
As Tasmea Limited prepares to enter the public market, market conditions and investor sentiment will play a crucial role in determining its early performance. The success of the IPO will also depend on factors such as industry dynamics, economic trends, and the company’s ability to demonstrate value to investors.

Tasmea Limited’s upcoming listing on the ASX represents an exciting opportunity for investors to participate in the growth of a leading maintenance and engineering service provider. With a robust capital raising target and a solid foundation in place, the company is poised to capitalize on emerging opportunities and deliver value to its shareholders. Stay tuned for updates as Tasmea Limited embarks on its journey as a publicly listed company.