Filing of Newspaper Publication of the Basis of Allotment in connection with the Rights Issue of Equity shares of the company.
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Awaiting price reaction for this filing.
Vipul Organics Ltd has published the Basis of Allotment advertisement for its Rights Issue in Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi) newspapers on April 16, 2025. The Rights Issue opened on March 21, 2025, and closed on April 2, 2025, offering up to 44,37,291 equity shares at Rs. 46 per share (including Rs. 36 premium) in a 1:3 ratio, aiming to raise up to Rs. 2,041.15 lakhs. The issue was oversubscribed, receiving 2,249 applications for 79,87,531 shares, of which 2,038 valid applications for 79,16,617 shares were accepted, representing 178.41% subscription. The company allotted 44,37,291 shares on April 8, 2025, with demat credits completed on April 11, 2025, and trading expected to commence on or before April 17, 2025.
The oversubscription at 178.41% signals strong shareholder interest in the rights issue. With Rs. 20.41 crore successfully raised and shares expected to begin trading soon, existing shareholders who subscribed get fully paid shares credited to their demat accounts, though the issue was done at 4.60 times face value which dilutes equity.