New Zealand apple exporter Scales Corporation has released its prospectus for the company's upcoming listing on the New Zealand stock exchange (NZX). 

The offer is for ordinary shares in Scales Corp, comprising both existing and new shares. Trading is expected to commence on the NZX main board on July 25.

The indicative price range is from NZ$1.60 (US$1.39) to NZ$1.85 (US$1.61) per share, with 16.2 million to 18.8 million new shares being offered. Between 59.2 million to 82 million existing shares are also expected.

A final price for the shares is due to be announced on July 4, according to the prospectus.

One of the purposes of the offer is to raise NZ$30 million (US$26.1 million), which Scales Corp says will provide new capital to pay down its term debt and allow for future expansion.

The other reasons for the offer are to fund the acquisition of shares currently held by the selling shareholders and to list itself on the NZX, which it says will provide additional financial flexibility.

Scales Corp claims it is well positioned to benefit from growth in New Zealand food exports, which it expects will increase at 6% annually through 2017.

In a letter to potential investors, Scales Corp chairman Jon Mayson said the company's future was looking positive, operating across the three divisions of Horticulture, Storage and Logistics, and Food Ingredients.

"This is an exciting industry to be involved in, with the Ministry for Primary Industries targeting a doubling of primary sector exports by 2025," he said.

"We encourage you to read the offer documentation and carefully consider the opportunities and risks before making your investment decision."

Click here to view the prospectus.

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