Vipul Organics Rights Issue subscribed 180%

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced today the successful closure of the Rights Issue, which opened on 21st March, 2025. At the end of the day on the 2 of April, the issue closure date, the issue was oversubscribed by 80%.

The Rights issue offered 44,37,291 shares of Rs. 10 face value at Rs. 46 per share (including premium of Rs. 36 per share), totaling Rs. 2041.15 Lakhs. The issue garnered applications for 79,88,227 shares, amounting to Rs. 3674.58 Lakh, resulting in subscription of 1.8 times the issue size.

"We are overwhelmed by the shareholder response to our rights issue. The market conditions notwithstanding, the shareholders belief in their company and its growth trajectory has made them oversubscribe the issue by 80%. We stay committed to providing value to all our stakeholders and the money raised will be used for our greenfield project, the Sayakha facility to take wings", says Mr. Vipul P Shah, MD, Vipul Organics Limited.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 136.20 as compared to the previous close of Rs. 134.00. The total number of shares traded during the day was 5040 in over 115 trades.

The stock hit an intraday high of Rs. 142.00 and intraday low of 133.50. The net turnover during the day was Rs. 690047.00.

Source : Equity Bulls

Keywords

VipulOrganics INE834D01018 SpecialtyChemicals FundRaising RightsIssue Oversubscription