New Delhi, April 3 -- 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 Rs.20.41 crore, received applications worth Rs.36.74 crore, reflecting strong shareholder confidence in the company's growth trajectory.

Vipul Organics had offered 44,37,291 shares through its rights issue at Rs.46 per share, including a premium of Rs.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 Organics, expressed gratitud...