Tirupati Graphite (LON: TGR) is joining the standard list this week and it offers investors exposure to an integrated graphite mining and processing business. The cash raised will help to finance increasing production.
Tirupati raised £6m at 45p a share and that gives the company a market capitalisation of £33.4m. There will be £5.4m left after expenses. The largest invest will be in the India processing facility, where £2.4m will go towards quadrupling capacity. There will be £1.3m invested in the mine and £1.2m in a new graphene centre. Management has decades of experience in the graphit...
