Pre Money Equity Valuation
$56,766,746
Min Raise
$17,500,000
Max Raise
$17,500,000
Estimated Close
2019-02-05
Issue Type
IPO
Lead Manager
Peloton Capital Pty Ltd
Type of Securities
Options, Shares
Date First Lodged
24/12/2018
Offer Costs $
$2,300,000
Market Cap Max
$74,266,746
Key Executives
Andrew Reeves (IC), Ian Hicks (Chairman), Suzanne Douglas (ID), John Ayre (NED), Brett Charlton (CEO), Brett Coventry (CFO)
Company Address
Suite 2.02, 620 Church Street Cremorne VIC 3121
Stockbroker's Snapshot
Online grocery marketplace
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of our Board of Directors, it is my pleasure to invite you to become an investor in irexchange Limited (irexchange).
irexchange is a disruptive technology platform and business model that enables retailers and suppliers to trade efficiently and
transparently, lowering operating costs and enabling fulfilment through an efficient, technology-driven digital market place and
supply chain platform. Since December 2016, irexchange has grown its customer base to over 600 independent retailers.
The irexchange platform and distribution model changes the relationship between retailers and suppliers by removing the
costs of conventional wholesalers and providing price transparency to both retailers and suppliers across a wide range of
popular stock keeping units (SKUs) in multiple segments in the grocery, frozen, produce and liquor sectors.
irexchange believes its business will benefit from (and cause) the disruption of the traditional wholesaler model.
irexchange’s growth strategy seeks to increase the volume of orders from existing customers currently using the irexchange
platform on a regular basis, expand into other sectors, and eventually expand into other channels and geographies.
The Company is led by a management team with significant experience in fast-moving consumer goods (FMCG), supply
chain and technology capabilities.
The purpose of the Offer is to provide immediate funding to support irexchange’s growth strategy, to provide access to
capital markets, to improve financial flexibility for growth and to provide the Company with the benefits of an increased profile
as a listed entity.
The Company is seeking to issue 19,444,444 New Shares to raise $17,500,000. In addition, this Prospectus also contains
the offer to issue:
• 30,683,796 Conversion Shares to be issued to Convertible Noteholders on conversion of all outstanding principal and
interest owed under the Convertible Notes;
• 5,122,222 Settlement Shares to various counterparties to settle various payment obligations; and
• 291,667 Options to be issued to the Lead Manager,
on Completion.
This Prospectus contains detailed information about the Offer, the historical financial results of the Company and the material
risks associated with an investment in the Company.
Before applying for New Shares, any prospective investor should be satisfied that they have a sufficient understanding
of the risks involved in making an investment in the Company. These include risks associated with increased competition,
protection of intellectual property, reliance on third-party logistics and warehousing services, ability to attract and retain key
personnel, supply chain disruption risk, a failure to retain existing customers and attract new customers and disruption and
failure of technology systems. Please refer to Section 5 for further details.
I encourage you to read this document carefully and in its entirety before making an investment decision. Before investing
you should seek professional advice.
On behalf of my fellow Directors, I look forward to welcoming you as a shareholder of the Company.
Yours sincerely,
Andrew Reeves
Independent Chairman