Latest news with #KhushbooDoshi
News18
23-07-2025
- Business
- News18
Rajoo Engineers raises Rs 160 via QIP issue, FII holding up at 3.8 pc
Mumbai, Jul 23 (PTI) Plastic extrusion machinery manufacturer Rajoo Engineers Ltd has raised Rs 160 crore through a qualified institutional placement issue, driven by strong demand from both domestic and global investors, the company said on Wednesday. Morgan Stanley Asia (Singapore), HDFC Bank, Rajasthan Global Securities, Moneywise Financial Services, Credit Access Life Insurance Limited, BNP Paribas Financial Markets – ODI are among the institutional investors that participated in the issue, the company said in a statement. 'The QIP was executed through the issuance of 1,46,78,900 equity shares at Rs 109 per share (face value Re 1 each). The QIP issue closed on July 21," it added. Foreign Institutional Investor (FII) holding has increased to 3.8 per cent and domestic institutional investor (DII) holding has risen to 4.46 per cent post-issue. 'This successful fundraise of Rs 160 crore marks a significant milestone in our journey. We are committed to leveraging this capital to further scale our operations and create long-term value for our stakeholders," Rajoo Engineers Managing Director Khushboo Doshi said. The company plans to utilise the net proceeds to pursue inorganic growth through strategic acquisitions aimed at expanding scale, product offerings and market presence. PTI HG SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
22-07-2025
- Business
- Business Upturn
Rajoo Engineers raises Rs 160 crore via QIP; investor participation includes Morgan Stanley, HDFC Bank, BNP Paribas
Rajoo Engineers Ltd, a prominent manufacturer of plastic extrusion machinery, has successfully raised ₹160 crore through a Qualified Institutional Placement (QIP), reinforcing strong market confidence in its growth strategy. The company issued 1.47 crore equity shares at a price of ₹109 per share in the offering that closed on July 21, 2025. The QIP received an enthusiastic response from both domestic and international institutional investors. Notable participants included Morgan Stanley Asia (Singapore), HDFC Bank Limited, BNP Paribas Financial Markets – ODI, Credit Access Life Insurance, and Rajasthan Global Securities Pvt. Ltd., among others. As a result of the QIP, Foreign Institutional Investor (FII) holding in Rajoo has increased to 3.8%, while Domestic Institutional Investor (DII) holding has risen to 4.46%. Advertisement Khushboo Doshi, Managing Director of Rajoo Engineers Ltd, remarked, 'This successful fundraise of ₹160 crore marks a significant milestone in our journey. The enthusiastic response from institutional investors underscores the trust in our business fundamentals, innovation-led strategy, and long-term vision. We are committed to leveraging this capital to further scale our operations and create long-term value for our stakeholders.' Fund utilization and growth plans The company plans to use the proceeds from the QIP to pursue inorganic growth through strategic acquisitions. These acquisitions will be targeted at expanding scale, enhancing product offerings, and entering new geographic markets. Rajoo said the strategy focuses on complementing its core business, advancing technology, and creating operational synergies.
