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

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

Unknown Apr 02, 2026 700 Views

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 ann...