Virupaksha Organics Ltd IPO

Last Updated: 03 October 2025 11:14 AM by 5paisa

Initial public offering of up to [*] equity shares of face value of Rs.10 each (Equity Shares) of Virupaksha Organics Limited (Company)for cash at a price of Rs. [*] per equity share (Including a Share Premium of Rs.[*] Per Equity Share) (Issue Price) Aggregating up to Rs. 740 Crore (Issue). In accordance with and subject to regulation 33 of the sebi icdr regulations, the issue may include a reservation of up to [*] equity shares of face value of Rs.10 each, aggregating up to Rs. [*] (Constituting Up To[*]% Of The Post Issue Paid-Up Equity Share Capital Of The Company) for subscription by eligible employees (the Employee Reservation Portion). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute [*]% and [*]%, respectively, of the post-issue paid-up equity share capital of the company. The company, in consultation with the book running lead managers, may offer a discount of up to [*]% (Equivalent to Rs. [*] Per Equity Share) to the issue price to eligible employees bidding under the employee reservation portion (Employee Discount). The company, in consultation with the brlms, may consider a further issue of equity shares as may be permitted under applicable law, at its discretion, aggregating upto Rs. 148 Crore (the Pre-Ipo Placement), prior to the filing of the red herring prospectus. The pre-ipo placement, if undertaken,will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the issue, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue, or that the issue may be successful and will result in the listing of the equity shares on the stock exchanges. Further,relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and prospectus, and details of the pre-ipo placement, if any, shall be reported to the stock exchanges within 24 hours of such transactions. The face value of the equity share is Rs. 10 each. The isue price is [*] times the face value of the equity shares. The price band, the minimum bid lot and the employee discount, if any, will be decided by the company.