The issue will open on Friday, 21Â March, 2025 and close on Wednesday, 02nd April, 2025.
Vipul Organics, the Specialty Chemicals company in the pigments and dyes segment, announced the record date as 10 March 2025 for the rights issue. Shares will be allotted in the ratio of 1:3 (1 equity share will be allotted for every 3 fully paid up shares).
The Rights Issue Committee, in its meeting held on March 04, 2025 also approved the schedule for the Rights Issue. The issue will open on 21 March, 2025 and close on 2 April, 2025.
In addition, Vipul Organics has reduced the rights issue price of Rs 46 per share as against the Rs 54 announced earlier, keeping in mind the current market scenario. The issue size to be Rs 2041.15 lakh.
“We are excited about our journey ahead and see a bright future for our company. Construction of our new plant at Sayakha in Gujarat is progressing as per schedule and, barring unforeseen circumstances, we should be beginning our trial runs in the third quarter of the fiscal 2025-26. We have always believed that our shareholders are our partners and our biggest strength. Keeping this in mind, seeing the market conditions, and in order to reward our stakeholders we have decided to revise the price of our Rights issue from Rs 54 to Rs 46 per share including the share premium,†says Vipul P Shah, MD, Vipul Organics.
About Vipul Organics
Vipul Organics is amongst the foremost manufacturers of pigments, dyestuff, lake colours and pigment intermediaries / fast salts in the country. It has 3 manufacturing facilities spread across Maharashtra and has global footprint in over 50 countries. Vipul Organics ended the financial year 2023-24 with revenues of Rs 1.51 billion.