Skip to content
Business Company News, Finance Investment

Stormeur Limited (proposed ASX:STR) Launches IPO, Offering Unique Investment Opportunity in Leading Australian Cosmetic Clinic Network

Jane Morgan Management 3 mins read
  • Media:

SYDNEY, AUSTRALIA – 5 October 2024 | Stormeur Limited (Proposed ASX:STR), parent company of Cosmetique, Australia’s first accredited cosmetics clinic, has launched its Initial Public Offering (IPO). With the offer closing on 14 October 2024, the public is being invited to participate to invest, and follow the next chapter of a leading Australian provider of cosmetic injectables and laser hair removal services. 

Stormeur’s Cosmetique Clinics at a Glance
Operating since 2017, Cosmetique has built an extensive network of 17 clinics across five Australian states. Offering high-quality, affordable cosmetic treatments, Cosmetique's Clinics have earned a reputation for excellence in aesthetic medicine, performing over 300,000 treatments in the past year alone. Stormeur Limited aims to expand its footprint with Cosmetique by opening four additional Clinics in New South Wales and Victoria within 24 months of its listing on the ASX. 

Dr Vivek Eranki, Chairman & Founder
Dr Vivek Eranki, Stormeur’s Chairman and previously the Founder of several dental and medical clinics around the country, leads the Company with an extensive background in both business and medicine. Under his leadership, Cosmetique became the first cosmetic injectables clinic in Australia to achieve the prestigious NSQPCH accreditation, setting industry-leading standards in quality and compliance for cosmetic medical services. 

Investment Highlights:

  • Rapid Market Growth: Australia’s facial injectables market is projected to grow at a Compounded Annual Growth Rate (CAGR) of 19.3%, and is expected to reach US$9.09 billion by 2030.

  • Proven Business Success: Cosmetique has performed over 300,000 treatments in the past year, highlighting its established presence in the cosmetics industry.

  • Centralised Business Model: Cosmetique clinics are 100% owned by Stormeur as their parent Company, rather than operating on a franchise model like some previous competitors in the sector. 

  • Expansion Strategy: The Company plans to open four new clinics within 24 months in major Australian cities, further strengthening its market position and presence on the east coast.

  • Industry Leadership: Cosmetique has achieved several industry awards, and holds a stellar reputation with unmatched media presence.

The IPO seeks to raise a minimum of A$6 million, with potential oversubscriptions of up to A$1 million. The funds raised will primarily be used to expand the Company's network of clinics, pursue potential acquisitions, and strengthen the company’s financial position after listing.

Statement from Chairman & Founder
Speaking about the IPO,Dr Eranki commented: “Stormeur Ltd represents an early-stage investment opportunity in a rapidly growing and what some might consider a “recession-proof” industry. With Cosmetique’s strong reputation for excellence, a growing network of locations, and the quality control of maintaining full ownership of our clinics, we are incredibly excited to scale our operations and continue delivering high-quality cosmetic treatments to clients across Australia.”

For more details, refer to the Stormeur Limited Prospectus, available at https://www.liquidity.com.au/deals/stormeur-ltd/

For more information, please contact:

Jane Morgan Management
Investor & Media Relations
dayna@janemorganmanagement.com.au
ollie@janemorganmanagement.com.au


About us:

About Stormeur Limited:

Stormeur Limited owns and operates a network of non-surgical, injectable and laser hair removal Clinics, which operate under the registered trademark “Cosmetique”. There are currently 17 Cosmetique Clinics located in five states across Australia. 

The Clinics offer specialised non-surgical services that are aimed at enhancing a patient's satisfaction with their aesthetic appearance. Those services include medical treatments, such as wrinkle relaxers and dermal fillers, and beauty treatments, such as dermatological peels, skin needling, intense pulsed light (IPL), and laser hair removal. Over the last 12 months alone, Cosmetique has provided more than 300,000 treatments to patients at its Clinics around Australia. 

Cosmetique provides treatments and services to patients with a consistent focus on high quality professional ethics, patient care, and safety. Stormeur believes that aesthetics will remain a focal point of health care in Australia. The Company strives to be a leader in the non-surgical aesthetic medical market, offering respected Clinics that provide high-quality aesthetic treatments, outstanding patient care and safety as part of a strong value proposition. The Company’s growth strategy is focused on increasing the Group’s share of the Australian non-surgical aesthetic market by opening new clinics across Australia and optimising services in existing Clinics.


Contact details:

Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au

More from this category

  • Business Company News, Oil Mining Resources
  • 10/01/2025
  • 11:35
Jane Morgan Management

Challenger Gold Limited – Strategic Placement Completion & Toll Processing Agreement Finalised

Sydney, Australia – 10 January 2025 | Challenger Gold Limited (ASX:CEL) ("Challenger" or "the Company") is pleased to announce the successful completion of a strategic placement and finalisation of a toll processing agreement. This marks several significant steps toward the commercialisation of Challenger’s flagship Hualilan Gold Project in Argentina. Key Highlights: $6.6 Million Strategic Placement: Completed with Inversiones Financieras del Sur S.A. ("IFISA"), part of the Elsztain Group, making Eduardo Elsztain Challenger’s largest shareholder with a 12.7% holding. New Leadership Additions: Eduardo Elsztain to join the Challenger Board as Non-Executive Chairman, and Saul Zang as Non-Executive Director, enhancing international business…

  • Contains:
  • Finance Investment
  • 09/01/2025
  • 10:36
Monash University

Monash expert: Pre-election interest rate cut on the cards

A Monash expert is available to chat about the possibility of a pre-election interest rate cut on the cards despite an inflation uptick. Available for comment: Professor Robert Brooks, Department of Econometrics and Business Statistics and Deputy Dean, Education in the Faculty of Business and Economics Contact: +61 3 9903 4840 or media@monash.edu Comments attributable to Professor Brooks: “The continuing fall in the core inflation measure is a positive development. “In making the next interest rate decision the RBA will consider this important data but also the employment data that remains strong. “The December quarter inflation data is due for…

  • Business Company News, Manufacturing
  • 09/01/2025
  • 09:49
Jane Morgan Management

Amaero Secures Final Approval for A$38 Million Loan from Export-Import Bank

Amaero International Limited (ASX:3DA) (“Amaero” or the “Company”) is pleased to announce that Export-Import Bank of the United States’ (“EXIM”) bipartisan Board of Directors unanimously approved a direct loan in the amount of US$23.5 million to Amaero Advanced Materials & Manufacturing Inc., a wholly-owned U.S. operating subsidiary of Amaero. Based on exchange rate of $0.621, the loan commitment equals A$37.8 million. TheU.S. federal government export credit agency will provide capital equipment financing and will directly fund the loan as part of EXIM’s Make More in America initiative (MMIA) that was established “to address the longerterm weaknesses in our nation’s supply…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.