Unigel Group is a relatively new holding company, but the core business it owns is 25 years old. It supplies thixotropic gels that are used to protect the inside of fibre optic cables. Fibre optics are fragile, but the gels help the cables to last 30 years.
The cash raised through the subscription will finance product development and increasing capacity. Growth will also rely on recruiting skilled people. There may also be acquisition opportunities.
The shares are tightly held with 90% not available to trade. There were no trades on the first day. The share price ended the day at 65p (5...
