Rajoo Engineers Limited has informed the Exchange about qualified Institutional Placement
RAJOOENG · price
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Rajoo Engineers Limited has launched a Qualified Institutional Placement (QIP) of equity shares with a face value of Re. 1 each, following board approval on July 15, 2025 and shareholder approval via postal ballot on April 5, 2025. The floor price has been set at Rs. 114.42 per share, calculated as per SEBI ICDR Regulations, and the company may offer a discount of up to 5% on this floor price. The final issue price will be decided by the board on July 21, 2025. The trading window for insiders has been closed from July 16 to July 23, 2025, in line with insider trading norms.
The QIP will dilute existing shareholders by issuing new equity shares to institutional investors. The floor price of Rs. 114.42 gives a reference point for valuation, but the actual price (potentially with up to 5% discount) will only be known on July 21, which may influence short-term stock price movement.