Steaming Ahead! Rajoo Engineers’ ₹160 Cr QIP Signals Bold Bet on Expansion

Image Source: Rajoo Engineers

India's leading plastic extrusion machinery firm, Rajoo Engineers Ltd, has closed its Qualified Institutional Placement (QIP) issue on a strong note, raising ₹160 crore by issuing 1,46,78,900 equity shares at an issue price of ₹109 per equity share—a 4.74% discount to the previously announced floor price of ₹114.42. The QIP issue opening on July 15 and closing on July 21, 2025, witnessed reasonable institutional investor interest and is likely to propel the company's aggressive growth plans.

Key Highlights:

QIP Size: 1,46,78,900 equity shares issued, aggregating to ₹160 crore.
Issue Price: ₹109 per share, at discount to floor price of ₹114.42, within the regulatory discounted cap.
Timeline: Issue commenced on July 15 and ended July 21, 2025

List of Allottees who have been allotted more than 5% of the Equity Shares offered in the QIP:

1) Morgan Stanley Asia (Singapore)

2) Rajasthan Global Securities Private Limited

3) Moneywise Financial Services Private Limited

4) Dovetail India Fund - Class 14

Purpose: Funds will be used to a great extent for business expansion through inorganic routes and acquisitions; the rest for general corporate purposes.

Financials: FY25 top line of ₹253.65 crore; Profit After Tax of ₹38.11 crore.

Share Capital Impact: Paid-up share capital increased from 16,39,96,393 shares to 17,86,75,293 shares subsequent to QIP.

Compliance with regulations: The allotment procedure was as per SEBI (ICDR) guidelines, and shareholding before/after the issue will be updated as per regulatory needs.

The strong institutional investor backing is an endorsement of our strategic vision and solid finances," company officials said.

Source: MarketScreener, NSE Announcements, Economic Times, Moneycontrol.