Deal alert: Tirupati Graphite Plc
Admission to the Main Market
Read time: 1 min
Service: Capital markets Sector: Natural resources
The fully integrated, cash generative, specialist graphite and graphene producer with operations in Madagascar and India began trading on Monday 14 December having successfully raised £6 million through a first of its kind IPO that was made available to both retail investors as well as professional investors, giving it a market capitalisation on admission of £33.64 million.
Upon admission the company has also received the prestigious London Stock Exchange’s Green Economy Mark, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy.
PKF acted as reporting accountant on the transaction and the Capital Markets team included Jonathan Bradley Hoare and Joseph Baulf.
“We were very happy with the Capital Markets team at PKF. They provided efficient advice and we would be happy to recommend them to other companies looking to list in London.”
Shishir Poddar, CEO |Tirupati Graphite Plc
Find out more about how our Capital Markets team can support you and your business here.