14th Dec 2020 13:05
Tirupati Graphite PLC - graphite and graphene producer in Madagascar and India - Raises GBP6 million in initial public offering on London Main Market. Tirupati issues 13.3 million shares at 45 pence each, giving a GBP33.6 million market capitalisation on admission. The stock is quoted at 48.5p in early afternoon trade on Monday. "We are delighted to commence trading as the LSE's first pure play graphite producer," says Chief Executive Officer Shishir Poddar. "With this milestone reached we have a very exciting opportunity to continue to expand our primary mining and processing operations in Madagascar and downstream value-add operations in India and become a global leader in the graphite market, as well as offering additional upside through our graphene development."
By Tom Waite; [email protected]
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