Rajoo Engineers board approves opening of QIP issue

The company's board authorized and declared the opening of the issue on Tuesday, 15 July 2025.

The floor price of Rs 114.42 is at a premium of _ % to the scrip's previous closing price of Rs 114.42 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue.

The company intends to use up to Rs 160 crore from the net proceeds of the issue for expansion of business through inorganic growth and the rest for general corporate purposes.

Rajoo Engineers is engaged in manufacturing and selling a reputed brand of plastic processing machinery and post-extrusion equipment. The company caters to both international and domestic markets.

The company's consolidated net profit surged 121.28% to Rs 13.83 crore in Q4 FY25 compared with Rs 6.25 crore in Q4 FY24. Revenue from operations jumped 70.65% YoY to Rs 89.90 crore in the quarter ended 31 March 2025.

The scrip tumbled 4.04% to currently trade at Rs 137.75 on the BSE.

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