Tools / IPO
IPO timetable generator
An indicative timetable from prospectus lodgement to quotation. The fast-track pathway reflects the expedited process introduced in June 2025, available to entities with an expected market capitalisation of at least A$100 million at quotation and no ASX-imposed escrow. Most small-cap and exploration floats will not qualify and should plan on the standard pathway.
Listing pathway
Target prospectus lodgement date
Exposure period
Offer period
Assumptions
This timetable assumes: the prospectus is lodged in final form and no supplementary or replacement prospectus is required; the ASX listing application is lodged within 7 days of prospectus lodgement as required; ASIC does not issue an interim or final stop order; the offer is fully subscribed within the selected offer period without extension; spread, free float and other admission conditions are satisfied at close; and settlement, allotment and registry processing follow standard intervals. The fast-track pathway further assumes the entity is eligible, the pathfinder is provided to ASIC at least 14 days before formal lodgement and does not differ materially from the lodged prospectus, and a draft listing application is lodged with ASX at least four weeks before formal lodgement. Retail offer periods on ASX IPOs typically run one to four weeks; longer periods usually reflect larger retail components or staged broker offers.
Common causes of delay after lodgement
Extension of the exposure period to 14 days; ASIC disclosure concerns or a stop order; a supplementary or replacement prospectus (which can restart the exposure period and extend withdrawal rights); ASX review issues, including escrow, spread or free float shortfalls; undersubscription and offer extensions; underwriter termination events; and market volatility leading the board to delay quotation. Preparation before lodgement (due diligence, drafting, pathfinder and cornerstone processes) typically runs 10 to 16 weeks and is not shown.
Observed benchmarks (2025 listings)
The fastest lodgement-to-trading interval on ASX in 2025 was two weeks and six days. Small and mid-cap standard-pathway floats commonly completed in four to eight weeks from lodgement. Fast-track listings target quotation approximately two weeks after formal lodgement.
Disclaimer
This tool provides general information only and is not legal advice. It reflects the ASX Listing Rules, ASX Guidance Notes and the Corporations Act 2001 (Cth) as at July 2026, which may change without notice. Outputs are indicative, depend entirely on the inputs you provide and do not account for your entity’s specific circumstances, issue history or the exercise of ASX or ASIC discretion. Timetable dates must be confirmed against the Corporations Act, the Listing Rules and with ASX, ASIC and the registry before being announced or included in any offer document. Do not act, or refrain from acting, in reliance on an output without obtaining advice on your circumstances. Use of this tool does not create a solicitor and client relationship with Luma Legal.