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Vipul Organics has raised Rs. 35,23,70,000 (about Rs. 35.24 crore) through a preferential allotment of 16,70,000 equity shares at an issue price of Rs. 211 per share, which includes a face value of Rs. 10 and a premium of Rs. 201. A total of 19 investors from the non-promoter and non-promoter group category subscribed to this private placement. The company, a BSE-listed specialty chemicals player in pigments and dyes (FY25 revenue Rs. 163 crore), plans to use the proceeds to expand manufacturing capacity and fund its new membrane technology venture without taking on debt. Management highlighted strong investor confidence in the company's diversification strategy.
Existing shareholders will see a modest dilution due to the issuance of 16.7 lakh new shares, but the fund raise strengthens the balance sheet by enabling debt-free growth and capacity expansion, which is broadly positive for long-term value creation.