A total of 4,769 shares were traded on the BSE. There was a pending buy order for 59,160 shares at the maximum price.

Cubex Tubings has raised Rs 11.18 crore through the preferential issue of 23.3 lakh equity shares and warrants to fund capacity expansion and working capital requirements.

The company had issued 8.25 lakh equity shares and 8.80 lakh convertible warrants to strategic investors and 6.25 lakh warrants to promoters at a price of Rs 48 per share.

The company is undergoing a major capacity expansion and modernization plan to meet the growing demands from user industries.

The company had made a one-time settlement with all the institutions/ banks as on 15 September 2005.

Cubex Tubings manufactures copper and copper alloy products used by the core sector and other critical industries like power generation, shipbuilding, railways, telecommunications, defence and automobiles.

For Q3 March 2006, the net profit declined to Rs 1.56 crore from Rs 1.67 crore in Q3 March 2005. The net sales for the same period rose 31% to Rs 16.37 crore from Rs 12.50 crore.

The shareholding pattern of the company as on 31 March 2006 is; 45.14% promoters, 2.77% institutional investors, 42.28% Indian public and nil FIIs.