Eureka Group raises $51M in institutional offer, retail leg to follow
What's the deal? Eureka Group HoldingsDealroom has a profile for this one. Try Dealroom → has raised A$70.7 million (about $51 million) through the institutional leg of a fully underwritten A$80.2 million equity raising. The company issued 115 million new shares at A$0.615 each, it announced on Monday, September 7, 2026.
How it's structured: The raise was a 1-for-3.29 accelerated non-renounceable pro-rata entitlement offer. Existing eligible institutional shareholders subscribed to 95.1% of entitlements, with the remaining shortfall drawing interest from existing and new investors.
Who's in: Filetron, Eureka's largest shareholder, fully subscribed its entitlement in line with a prior commitment. MA Moelis Australia AdvisoryDealroom has a profile for this one. Try Dealroom →, Morgans CorporateDealroom has a profile for this one. Try Dealroom →, and Unified Capital PartnersDealroom has a profile for this one. Try Dealroom → served as bookrunners, underwriters, and joint lead managers.
What's next? A retail entitlement offer opens on Thursday, September 10, aiming to raise about A$9.5 million at the same price and ratio. It closes at 17:00 AEST on Wednesday, September 23, with results due September 28 and allotment planned for September 30.
New shares from the institutional offer settle on September 10 and will be allotted on September 11. Holders will not be eligible for the 0.73-cent dividend for the six months to June 30, 2026, as the shares are issued after the ex-dividend date.
The signal: At roughly $51 million, the round sits in the 92nd percentile of all post-IPO equity raises by Australian real estate companies tracked to date — a sizeable capital injection in a sector where such follow-on offers are common but rarely this large.
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