Vipul Organics Limited allots 5 lakh warrants

The Board of Directors of Vipul Organics Limited at its meeting held today i.e. Monday, July 03, 2023, allotted the 5,00,000 Warrants convertible into equal number of Equity Shares of Rs. 10/- each of the Company for cash at an issue price of Rs. 111/- per warrant (including premium of Rs. 101/- per warrant) on preferential basis to the promoter group upon receipt of 25% of issue price from the allottees.

The above warrants entitle the allottees to apply for and be allotted equal number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 107.20 as compared to the previous close of Rs. 101.55. The total number of shares traded during the day was 11651 in over 151 trades.

The stock hit an intraday high of Rs. 107.70 and intraday low of 103.95. The net turnover during the day was Rs. 1235554.00.

Source : Equity Bulls

Keywords

VipulOrganics INE834D01018 SpecialtyChemicals FundRaising ConvertibleWarrants Allotment