Vipul Organics share price jumps up 3.5%, as the right issue has subscribed 180%. Do you own? | Einsmark news

Vipul Organics shares have risen almost 4% after its real issue is recorded by 80% too much, attracting applications worth £ 36.74 at a target of £ 20.41 crore. The price of real -gates has been reduced to £ 46 a share to increase participation. Vipul Organics share price jumps up 3.5%, as the right issue has subscribed 180%. Do you own? Stocks of Vipul Organics rose almost 4 percent on April 3 in the day after the company’s rights issue was witness to a strong investor interest and subscribed to 180 percent. The issue, which aimed to raise £ 20.41 crore, received applications worth £ 36.74, reflecting strong shareholder confidence in the company’s growth track. Rights transcribed by 80% Vipul Organics have offered 44,37,291 shares through its rights at £ 46 per share, including a £ 36 -per share premium. However, the demand for investors exceeded expectations, with the total applications reaching 79,88,227 shares – 1.8 times the original expense size. In the comments on the overwhelming response, Vipul P. Shah, managing director of Vipul Organics, expressed thanks to shareholders, saying: ‘We were overwhelmed by the shareholders’ response to our rights. Despite challenging market conditions, our investors’ belief in the company has led to an 80% order. On March 10, 2025, Vipul Organics drew up as the record date for the rights issue, with shares allocated in a 1: 3 ratio-and new shares for every three full-fledged shares held. The issue was opened on March 21, 2025 and closed on April 2, 2025. Prices for rights issues in light of the prevailing market conditions, Vipul Organics has reduced the price of real -hand issues to £ 46 per share, lower than the earlier announced £ 54 per share. The move aimed to make the issue more attractive to shareholders, ensuring better participation and capital mobilization. Despite the price review, the overwhelming subscription indicates strong investor confidence in the company’s long -term prospects. Inventory performance and market response following the announcement of the rights issuance, shares of Vipul Organics climbed 3.9 percent to reach a peak of £ 141.50. However, the share was under pressure in recent years and dumped 27 percent. It extended its loss of loss for the fifth consecutive month and fell by 13 percent in March after falling 14 percent in February, 8 percent in January, 22 percent in December, and another 8 percent in November. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsvipul Organics Evening Price Spring 3.5% as the Right Extensions have signed up 180%. Do you own? More less first published: 3 Apr 2025, 12:29 pm ist