Vipul Organics Limited (BSE:530627) announced a private placement of 700,000 pre-paid warrants at a price of INR 27.75 per warrant for gross proceeds INR 19,425,000 on January 2, 2021. The company will receive 25% of the total amount, which is INR 19,425,000, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid at maturity. The transaction will include participation from individual investors Vipul P. Shah for 200,000 warrants, Mihir V. Shah for 250,000 warrants, Mita V. Shah for 100,000 warrants, Vatsal V. Shah for 100,000 warrants and Niloni M. Shah for 50,000 warrants. The transaction was approved by the board of directors of the company.