VIP Industries Stock Price: Lugges can sell stake in the promoter company of VIP industries making and selling and selling handbags. Sources who are aware of the case have told CNBC-TV18 that negotiations for this have started. Possible contenders for purchasing the promoters include major private equity investors, including multiple, PE.
Sources say that if this deal is done, then an open offer may come for the minority shareholders of VIP Industries. By the end of March 2025, the promoters had 51.73 percent stake in the company. Promoters had earlier indicated that they could consider selling their stake due to lack of succession.
11.12% of mutual funds in the company
VIP Industries Public shareholders had 48.27 percent stake by the end of March 2025. Out of this, India’s mutual funds had 11.12 percent stake. Foreign portfolio investors had 7.68 percent shareholding. The company also has 1.34 lakh retail shareholders whose authorized share capital is up to Rs 2 lakh. They have 19.4% of the company.
Shares climbed 71 percent in 3 months
On July 11, VIP Industries shares closed at Rs 456.40 with a gain of about 2 percent on BSE. The company’s market cap is around Rs 6500 crore. The stock has gained 71 percent in the last 3 months and 9 percent in a week. The face value of the stock is Rs 2. The 52 -week high of the stock on BSE is Rs 589.95, which was created on 24 September 2024. The 52 -week low was seen on 7 April 2025, Rs 248.55.
Brokerage firm Axis Securities has given a target price of Rs 493 per share for shares. The Standalone Revenue of VIP Industries was Rs 488.13 crore in the Javar-March 2025 quarter.
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