Archive · 23 Jul 2025
Rajoo Engineers Raises ₹160 Crore Via QIP for Expansion
Imagine a company called Rajoo Engineers, which makes machines for plastic.
They needed money, so they sold some of their shares to big investors like Morgan Stanley and HDFC Bank.
This is called a QIP, and they raised ₹160 crore this way.
They'll use this money to buy other companies to make their business bigger and offer more products.
While the stock has fallen recently, it has grown a lot in the long run.
Rajoo Engineers, a plastic extrusion machinery manufacturer, raised ₹160 crore through a QIP.
The QIP involved issuing 1,46,78,900 equity shares at ₹109.00 each.
Institutional investors, including Morgan Stanley Asia and HDFC Bank, participated.
The company aims to use the funds for strategic acquisitions to expand its business.
The stock has shown mixed performance, with gains in the long term but declines recently.
- Who
- Rajoo Engineers, a plastic extrusion machinery manufacturer, raised the funds.
- What
- Rajoo Engineers raised ₹160 crore through a Qualified Institutional Placement (QIP).
- When
- The QIP opened on July 15, 2025, and closed on July 21, 2025.
- Where
- Not explicitly mentioned in the article.
- Why
- The company plans to use the funds for strategic acquisitions aimed at expanding scale, product offerings, and market presence.
Investor Reaction
Market Performance
Stock Performance
Investor Reaction
FII holding increased to 3.8% and DII holding rose to 4.46% post-issue
Market Performance
Stock price is trading lower at ₹130.60
- Company
- Rajoo Engineers
- Amount Raised
- ₹160 crore
- Type
- Qualified Institutional Placement (QIP)
- Share Price per Share
- ₹109.00
- Date Opened
- July 15, 2025
- Date Closed
- July 21, 2025
- Use of Proceeds
- Strategic acquisitions