Rajoo Engineers is currently trading at Rs. 137.35, up by 0.75 points or 0.55% from its previous closing of Rs. 136.60 on the BSE.
The scrip opened at Rs. 137.90 and has touched a high and low of Rs. 143.00 and Rs. 135.25 respectively. So far 340357 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 332.93 on 07-Oct-2024 and a 52 week low of Rs. 93.05 on 26-Mar-2025.
Last one week high and low of the scrip stood at Rs. 146.10 and Rs. 125.30 respectively. The current market cap of the company is Rs. 2251.67 crore.
The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 0.03% and 33.84% respectively.
Rajoo Engineers has launched its qualified institutional placement (QIP) issue to raise Rs 180 crore. Its board has approved the opening of the issue of qualified institutional placement of equity shares with a floor price of Rs 114.42 per equity share from July 15. The issue closes on July 21. The company may offer a discount of not more than 5 per cent on the floor price for the issue.
The proceeds of up to Rs 160 crore from the QIP will be strategically deployed for the business expansion through inorganic growth and the remaining proceeds towards general corporate purposes.
Rajoo Engineers is leading manufacturer and supplier of supreme quality FOILEX- Monolayer Blown Film Lines, AQUAFLEX - Downward Extrusion Blown Film Lines, MULTIFOIL - Multilayer Blown Film Lines, LAMiNA PS-PP-ABS-rPET-EVA Sheet Lines, etc.
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