TCPL Packaging Ltd – This is a 600 Cr Mcap company in packaging business, current market price of the shares is around Rs 690. They have issued 4 Lacs shares to DSP BackRock Core Fund worth Rs 24 Cr. This is well knows name and discovered by most of the guys out there.
Umiya Tubes Ltd – This company is in the business of steel pipe manufacturing just like APL Apollo Tubes. They raised 2 Cr capital in Mar 2016 at Rs 10 per share. Aftre almost 1 year plus, now they are raising close to 1 lac share and 3.5 lacs warrant priced at Rs 115, promoters are paying approx 5 Cr plus capital. While the Mcap when issue came was just 9 Cr, it is currently trading at Mcap of 90 Cr with sales of just 14 Cr while APL Apollo is trading at Mcap < Sales. We should wait and watch its numbers for next few quarters. This company was planning to acquire Anand Seemless Tubes Pvt Ltd with sales of Rs 12 Cr at a price of Rs 4.5 Cr and for this they were raising the funds but later on after due diligence they found out that it is not worth acquiring this company.