Latest news with #RajooEngineersLtd
Business Upturn
27 minutes ago
- 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.
Time of India
4 days ago
- Business
- Time of India
Rajoo Engineers launches QIP issue to raise Rs 180 crore
Plastic extrusion machinery maker Rajoo Engineers Ltd plans to raise Rs 180 crore through its qualified institutional placement (QIP) issue, according to an exchange filing. The Rajkot-based company in the filing stated that 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. Explore courses from Top Institutes in Select a Course Category healthcare Design Thinking Cybersecurity MCA MBA Finance PGDM Degree CXO Project Management Operations Management Product Management Public Policy Technology Data Science others Data Science Data Analytics Leadership Others Artificial Intelligence Digital Marketing Healthcare Management Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details 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 filing said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Naurangabad - Dads Love This Fat Loss Tool Home Fitness Hack Shop Now Undo 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 . The company reported revenue of Rs 253.65 crore for 2024-25 while profit after tax was Rs 38.11 crore.
Business Standard
30-06-2025
- Business
- Business Standard
Sigachi Industries Ltd leads losers in 'B' group
GACM Technologies Ltd-DVR, Rajoo Engineers Ltd, Orbit Exports Ltd and Remsons Industries Ltd are among the other losers in the BSE's 'B' group today, 30 June 2025. GACM Technologies Ltd-DVR, Rajoo Engineers Ltd, Orbit Exports Ltd and Remsons Industries Ltd are among the other losers in the BSE's 'B' group today, 30 June 2025. Sigachi Industries Ltd crashed 11.63% to Rs 48.76 at 14:31 stock was the biggest loser in the BSE's 'B' the BSE, 14.4 lakh shares were traded on the counter so far as against the average daily volumes of 3.36 lakh shares in the past one month. GACM Technologies Ltd-DVR tumbled 9.78% to Rs 0.83. The stock was the second biggest loser in 'B' the BSE, 71.84 lakh shares were traded on the counter so far as against the average daily volumes of 17.04 lakh shares in the past one month. Rajoo Engineers Ltd lost 9.23% to Rs 109.7. The stock was the third biggest loser in 'B' the BSE, 7.59 lakh shares were traded on the counter so far as against the average daily volumes of 1.07 lakh shares in the past one month. Orbit Exports Ltd shed 6.62% to Rs 215.9. The stock was the fourth biggest loser in 'B' the BSE, 21051 shares were traded on the counter so far as against the average daily volumes of 10450 shares in the past one month. Remsons Industries Ltd slipped 5.94% to Rs 138.5. The stock was the fifth biggest loser in 'B' the BSE, 2.86 lakh shares were traded on the counter so far as against the average daily volumes of 51976 shares in the past one month.
