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ASX IPO: Keytone Dairy Corporation [KTD]

Keytone Dairy Corporation [ASX:KTD] is a new IPO listed on the Australian Stock Exchange. It is a dairy processing company with ambitions toward Chinese and European markets. They are already fully operational in China with all necessary permits.

 

• Keytone was founded in 2011, commenced production of its KeyDairy® products in 2014, and is a New Zealand manufacturer, packer and exporter of dairy and nutrition products, with a particular focus on powdered dairy products.
   
• Keytone Dairy Corporation Limited (the Company) was incorporated on 28 September 2017 for the primary purpose of acquiring Keytone Enterprises (NZ) Company Limited (a company incorporated in New Zealand) (Keytone), as well as managing and operating Keytone’s business.
   
• The majority of Keytone’s products are for export outside of New Zealand (directly to foreign customers or indirectly through New Zealand customers) with the balance of its products manufactured for the domestic New Zealand market.

 

 

 

 

Keytone's accreditations include:
 

1. The coveted license and pre-requisite for import into China, Certification and Accreditation Administration (CNCA) of the People's Republic of China, and
    
2. Halal certification, and
    
3. Registration with New Zealand Ministry of Primary Industries, Risk Management Program.

 

• Keytone has been building brand equity and awareness in local and international markets since 2013.
   
• Keytone has established relationships providing security of supply and has established distribution channels in the Asia Pacific market, including partners such as Taobao.com, JD.com and TMall.com (in association with Chinese Alibaba).
   
• Keytone also has domestic partners through PaknSave, New World and Countdown.

The Offer:

• Issue: Offer via IPO of between 60,000,000 and 75,000,000 shares to raise $12 million - $15 million AUD. The new shares will be listed on the ASX.

• Issue Price: $0.20 AUD.

• Brokerage: No brokerage payable by clients*.

• A minimum investment of 10,000 shares, multiples of 500 thereafter (minimum $2,000 AUD).

 

Note: Any costs associated with transferring payments from New Zealand Dollars to Australian Dollars will be payable by the client.

Clients must supply certified documents with application.

Highlights:

• The global powdered dairy industry and dairy nutritional and nutraceutical ingredients industry are estimated to be worth $21.4 billion USD and $12.2. billion USD per annum.
   
• A growing middle class in China is fueling demand for value-added imported dairy products.
   
• Chinese per capital dairy consumption is currently only one third of the global average, yet it remains the third largest dairy market globally.

Key Dates:

Lodgement of Prospectus: Monday 30th of April

Opening Date: Tuesday 8th of May

Closing Date/Bids Due: Tuesday 22nd of May

Funds Settlement: Thursday 31st of May

Despatch of Holding Statements: Week beginning the Monday 4th of June

Expected Date for Quotation on ASX: Week beginning the Tuesday 12th of June

 

The offer may close earlier than the advised date, we strongly recomend contacting us as soon as possible.

EQUITY CLIENTS MUST SETTLE BY THE 25TH OF MAY 2018, AS FUNDS WILL NEED TO BE TRANSFERRED TO AUSTRALIA.

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Term Sheet

 

Prospectus

 

This is NOT Financial Advice.

No Money Is Sought Now.

 

Only applications on the Application Form included in the Prospectus will be accepted by the manager.

You should consider the information carefully and consider taking financial advice from an expert.