Tools / Worked examples
Worked examples
Illustrative scenarios for each tool, showing how different inputs change the result. All figures are computed by the same logic as the tools themselves. General information only, not legal advice.
IPO timetable generator
Open the tool →Three floats, three timetables. The offer period and pathway drive the outcome; the exposure period and ASX review set the floor.
Scenario A
WA gold explorer, A$12m raise, standard pathway
≈ 6.9 weeks
lodgement to trading
- Trading commences: 19 Oct 2026
Scenario B
Industrials float, ASIC extends the exposure period
≈ 5.9 weeks
lodgement to trading
- Trading commences: 12 Oct 2026
Scenario C
A$150m float, fast-track, compressed offer
≈ 2 weeks
lodgement to trading
- Trading commences: 15 Sept 2026
Listing readiness checker
Open the tool →The same ten questions produce three different readiness outcomes depending on the answers.
Scenario A
Producer with three years of audited accounts, all requirements met
Ready to progress
no gaps identified
- Next step: Structuring and timetable workshop.
Scenario B
Pre-revenue explorer, assets test, two items unconfirmed
Nearly ready
2 items to confirm
- Confirm: Working capital (A$1.5m at admission)
- Confirm: Spread (300 holders at A$2,000)
Scenario C
Early-stage company short on the financial thresholds
Gaps to address
2 requirements not yet met
- Not met: Profit or assets test
- Not met: Free float (20%)
- Confirm: Escrow modelling
Capital raising pathway selector
Open the tool →Placement capacity turns on the register size and whether a current LR 7.1A special resolution is in place; eligibility is tested at the AGM date (GN 21).
Scenario A
Explorer with 7.1A mandate in place
62,500,000 shares
indicative capacity without shareholder approval
- LR 7.1 (15%): 37,500,000 shares
- LR 7.1A (additional 10%): 25,000,000 shares, priced at not less than 75% of the 15-day VWAP. Eligibility is tested at the date of the AGM at which the resolution was passed (GN 21), so a current resolution is sufficient.
- Indicative proceeds at A$0.18: A$11,250,000
Scenario B
Mid-cap, no 7.1A resolution and ineligible to seek one
60,000,000 shares
indicative capacity without shareholder approval
- LR 7.1 (15%): 60,000,000 shares
- LR 7.1A: Not available. No special resolution is in place, and an entity in the S&P/ASX 300 or with a market capitalisation above A$300m at the AGM date is not eligible to seek one.
- Indicative proceeds at A$0.85: A$51,000,000
Scenario C
Explorer that skipped the 7.1A resolution at its AGM
18,000,000 shares
indicative capacity without shareholder approval
- LR 7.1 (15%): 18,000,000 shares
- LR 7.1A: Not available. No special resolution in place. The entity appears eligible; consider seeking approval at the next AGM as a matter of course.
- Indicative proceeds at A$0.12: A$2,160,000
Entitlement Offer modeller
Open the tool →The ratio, price and structure drive the proceeds, the discount and the dilution for holders who do not participate.
Scenario A
Explorer, 1 for 4 non-renounceable at a discount
A$3,750,000
gross proceeds; ≈ 6.1 weeks announcement to quotation
- New shares: 75,000,000
- Discount to last price: 23.1%
- Dilution if not taken up: 20.0%
Scenario B
2 for 3 renounceable with attaching options, underwritten
A$10,000,000
gross proceeds; ≈ 5.1 weeks announcement to quotation
- New shares: 100,000,000
- Attaching options: 50,000,000
- Rights trading: Ends 22 Sept 2026, five business days before the close
Scenario C
1 for 1 non-renounceable at the LR 7.11.3 cap
A$1,600,000
gross proceeds; ≈ 6.1 weeks announcement to quotation
- New shares: 80,000,000
- Dilution if not taken up: 50.0% for a non-participating holder
- Discount to last price: 33.3%
Escrow estimator
Open the tool →The holder category and admission basis determine the escrow outcome.
Scenario A
Founder director, assets test admission
24 months
from official quotation
- Category: Related party or promoter; restricted securities under Appendix 9B.
- Instrument: Restriction notice or deed (Appendix 9A) required before quotation.
Scenario B
Unrelated seed investor who paid cash, assets test
12 months
from the date of issue
- Category: Unrelated seed capitalist.
- Cash formula: A portion of the holding referable to cash paid (measured against the IPO price) may be released from escrow under Appendix 9B.
Scenario C
Founder director, but the entity lists under the profit test
No mandatory escrow
profit test admission
- Position: ASX-imposed escrow generally applies only to assets test entities.
- Watch: Voluntary escrow is still commonly agreed with lead managers for significant holders.
Disclaimer. These examples are illustrative only and are general information, not legal advice. They reflect the ASX Listing Rules and the Corporations Act 2001 (Cth) as at July 2026 and adopt each tool’s stated assumptions. Outcomes for an actual entity depend on its circumstances, issue history and the exercise of ASX and ASIC discretion. Use of these tools does not create a solicitor and client relationship with Luma Legal.