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An announcement from Bapcor Ltd ( (AU:BAP) ) is now available.
Bapcor has completed the institutional component of its equity raising, securing about $157 million through a fully underwritten accelerated entitlement offer and a pro rata institutional placement of new shares. Strong support saw institutional investors take up 94% of entitlements, with existing eligible institutional shareholders largely receiving their full pro rata allocations.
The fully underwritten retail entitlement offer is expected to raise a further $43 million, bringing the total equity raising to roughly $200 million at an offer price of $0.60 per new share. Bapcor shares are set to resume normal trading on an ex-entitlement basis, with new institutional and placement shares due to be allotted and begin trading on 6 March 2026, reinforcing the company’s capital position and broadening participation by retail investors.
The most recent analyst rating on (AU:BAP) stock is a Hold with a A$2.28 price target. To see the full list of analyst forecasts on Bapcor Ltd stock, see the AU:BAP Stock Forecast page.
More about Bapcor Ltd
Bapcor Limited is an Australian-listed company operating in the automotive aftermarket sector, supplying parts, accessories and related services. The group focuses on trade, retail and service channels across Australia and New Zealand, targeting professional workshops and retail customers with a broad range of vehicle components and solutions.
Average Trading Volume: 2,580,235
Technical Sentiment Signal: Sell
Current Market Cap: A$582.1M
Find detailed analytics on BAP stock on TipRanks’ Stock Analysis page.