Vipul Organics Raises ₹35.24 Crore via Preferential Allotment
Vipul Organics Limited, a leading specialty chemicals company in pigments and dyes listed on BSE (VIPULORG / 530627), announced a successful fund-raise of ₹35,23,70,000. The company issued 16,70,000 fully paid-up equity shares of ₹10 each at a premium of ₹201 per share.
This preferential issue, carried out as a private placement, was priced at ₹211 per equity share. A total of 19 investors from the non-promoter/non-promoter group category subscribed to the issue.
Mr. Vipul P. Shah, MD of Vipul Organics Limited, said: “The strong subscription reflects investor confidence in our future. We remain committed to creating value for partners and shareholders through business diversification and innovation. This includes our new focus on membrane technology, which supports India’s sustainability goals. The proceeds will fund capacity expansion without increasing debt.”