Shares of Vipul Organics surged nearly 4 percent in intra-day trading on April 3 after the company’s rights issue witnessed robust investor interest, getting subscribed 180 percent. The issue, which aimed to raise ₹20.41 crore, received applications worth ₹36.74 crore, reflecting strong shareholder confidence in the company’s growth trajectory.

Rights Issue Oversubscribed by 80%

Vipul Organics had offered 44,37,291 shares through its rights issue at ₹46 per share, including a premium of ₹36 per share. However, investor demand exceeded expectations, with total applications reaching 79,88,227 shares—1.8 times the original issue size.

Commenting on the overwhelming response, Vipul P. Shah, Managing Director of Vipul…