Rajoo Engineers has completed its Qualified Institutional Placement (QIP), raised Rs 160 crore. The QIP witnessed strong interest from Domestic and International Investors, reflecting robust confidence in the company’s growth trajectory and strategic vision.
The QIP was executed through the issuance of 1,46,78,900 equity shares at Rs 109.00 per share (face value Rs 1 each). The offering, which closed on July 21, 2025, attracted strong participation from leading institutional investors including Morgan Stanley Asia (Singapore), Rajasthan Global Securities, Moneywise Financial Services, HDFC Bank, Credit Access Life Insurance, BNP Paribhas Financials Markets-ODI, among others.
This QIP has significantly enhanced Rajoo’s institutional investor base, with Foreign Institutional Investor (FII) holding increasing to 3.8% and Domestic Institutional Investor (DII) holding rising to 4.46% post- issue. The company plans to utilize the net proceeds to pursue inorganic growth through strategic acquisitions aimed at expanding scale, product offerings and market presence. The acquisition strategy focuses on complementary businesses, geographic expansion, technological advancement and synergy-driven growth opportunities.
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.
