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The latest update is out from Babylon Pump & Power Ltd ( (AU:BPP) ).
Babylon Pump & Power Ltd has successfully completed the institutional component of its entitlement offer, raising $1,084,071.64 through applications for 271,017,911 new shares from eligible institutional shareholders. The retail component of the offer will allow other shareholders to purchase new shares at $0.004, with the offer closing on 6 June 2025. This capital raising initiative is expected to support Babylon’s operations and strengthen its market position in the resources sector.
The most recent analyst rating on (AU:BPP) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Babylon Pump & Power Ltd stock, see the AU:BPP Stock Forecast page.
More about Babylon Pump & Power Ltd
Babylon Pump & Power Ltd (ASX: BPP) is a specialist provider of mining services in Australia, focusing on high-pressure pumping, dewatering, and project water management. The company also offers specialty power generation solutions and maintenance services for high-power mobile equipment. Based in Perth, Babylon operates in Western Australia and Queensland.
Current Market Cap: A$15M
For detailed information about BPP stock, go to TipRanks’ Stock Analysis page.