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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Vipul Organics approved a preferential allotment of up to 16,70,000 equity shares at Rs. 211 per share (face value Rs. 10, premium Rs. 201), to raise approximately Rs. 35.24 crore. The shares will be issued to 19 proposed allottees, all belonging to the non-promoter and non-promoter group (public category), on a private placement basis. Notable allottees include Jagdish N Master (Rs. 10.02 crore), Mehul Madhusudan Shah (Rs. 6.33 crore), and JVS Holdings LLP (Rs. 5.06 crore). The issue is subject to shareholder and stock exchange approvals, and is being done under SEBI ICDR Regulations and Companies Act provisions.
This fundraise will dilute existing shareholders by adding up to 16.7 lakh new shares to the equity base. Since the issue is to public-category allottees at a premium, it indicates fresh capital infusion from external investors, which could support business growth but will result in equity dilution.