News

Rajoo Engineers Limited announced that its board has sanctioned the commencement of a qualified institutional placement (QIP) for equity shares, setting a floor price of ₹114.42 per share. On July 14, 2025, the closing price for the equity shares was ₹131.20 on the BSE and ₹131.15 on the NSE. 

As per exchange filing, the company may provide a discount of up to 5% on the established floor price for this issue. The final issue price will be decided by the company in collaboration with the book-running lead manager assigned to the issue. 

The QIP is expected to generate up to ₹16,000 lakh, with funds earmarked for business expansion through inorganic growth to propel Rajoo Engineers Ltd.'s development initiatives, along with some funds allocated for general corporate purposes. 

GYR Capital Advisors Private Limited has been designated as the Book Running Lead Manager (BRLM) for the QIP.

Rajoo Engineers specializes in manufacturing machinery for plastic extrusion, focusing on Blown Film Lines, Sheet Extrusion Lines, Thermoforming Machines, and PVC Pipe Extrusion Solutions. With more than 38 years of experience, the company boasts a significant global footprint across over 70 countries, which enhances its market credibility. Based in Rajkot, Gujarat, Rajoo Engineers provides more than 26 products spanning six segments, promoting innovation and sustainability in the field of plastic processing technology.

(more to come)

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.