Vipul Organics Share Price in Focus As it Rights Issue Record Date is Today: Know Key Details

Vipul Organics will open its rights issue on Friday, March 21. The company will present 44,37,291 equity shares to its existing shareholders at a price of ₹46 apiece. The entitlement ratio for the rights issue worth ₹20.41 crore is 1:3. This implies that a shareholder holding 3 fully paid equity shares of the company shall receive an additional rights share. 

During FY 2023-24, the company reported a notable year-on-year growth in its reserves and surplus, from ₹4,019.92 to ₹4,441.17. This was mainly attributed to the growth of its securities premium amount by over ₹202 lakhs due to its strong financial health. 

Key Rights Issue Details For You 

1. Issue Price: ₹46 per share
2. Application Amount: The entire amount of ₹46/- per equity share is to be paid upon application.
3. Closing Date: Bid closes on April 2, 2025
4. Last Date for Share Purchase: Investors had to acquire shares by the record date (that is March 7, 2025). 

Vipul Organics Is Focusing On Expanding Its Domestic And Global Outreach

Vipul Organics is expected to commence trials of its new chemical manufacturing facility under construction in Gujarat. It is strategically located near the Dahej Port and the Delhi-Mumbai Industrial Corridor. Based in the (PCPIR) Petroleum, Chemicals, and Petrochemicals Investments Region of Gujarat, it is expected to emerge as Gujarat’s leading chemical manufacturing hub and facilitate exports to countries like the UAE. 

About Vipul Organics

Vipul Organics was incorporated in 1972 and is a part of the Vipul Group of Companies. It specialises in producing leather dyes, naphthols, and pigment powders, among other products for industrial and architectural coatings. It exports its products to over 44 countries globally. 

Conclusion

Vipul Organics’ aims to raise ₹20.41 crores through its rights issue program for funding its expansion plans. It is planning to grow its domestic and international reach by increasing its production capacity in Gujarat. As its plans unfold, the stock markets will respond to its future growth strategies, thereby influencing its share prices. 

As of 11.44 AM, on March 10, 2024, Vipul Organics share price was trading at ₹159.40, down 24.38% from the previous day’s close. 

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