Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we would like to inform you that the Board of Directors ....
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Vipul Organics Ltd has allotted 13,05,400 equity shares to 9 non-promoter allottees through a preferential issue on a private placement basis at Rs. 211 per share (face value Rs. 10). The company had initially planned to issue up to 16,70,000 shares but only 13,05,400 were subscribed because some proposed allottees did not participate. Following this allotment, the company's paid-up equity share capital has risen to Rs. 19.05 crore, comprising 1,90,54,566 shares. The largest allottees are Jagdish N Master (4,75,000 shares) and Mehul Madhusudan Shah (3,00,000 shares), with the rest spread across 7 other individuals and one LLP (JVS Holdings LLP). The new shares will rank equally with existing equity shares.
Existing shareholders will see dilution of roughly 6.85% in their stake due to the expansion of the share base. The issue price of Rs. 211 carries a significant premium over the Rs. 10 face value, bringing fresh capital into the company, though shareholders should watch for disclosure on how the proceeds will be utilised.