Rajoo Engineers Limited has informed the Exchange regarding allotment of 14678900 securities pursuant to Qualified Institution Placement at its meeting held on July 21, 2025
RAJOOENG · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rajoo Engineers Limited has allotted 1,46,78,900 equity shares of Re. 1 face value to Qualified Institutional Buyers at Rs. 109 per share, including a premium of Rs. 108 per share. The issue was priced at a 4.74% discount (Rs. 5.42 per share) to the floor price of Rs. 114.42, raising an aggregate of approximately Rs. 160 crore. The QIP opened on July 15, 2025 and closed on July 21, 2025. Post-allotment, the company's paid-up share capital rises from Rs. 16.40 crore to Rs. 17.87 crore. Notable allottees include Morgan Stanley Asia (Singapore) with 10.63% allocation, Rajasthan Global Securities with 10.66%, Moneywise Financial Services with 6.25%, and Dovetail India Fund with 5.63%.
The company has successfully raised Rs. 160 crore through institutional investors, strengthening its capital base. The presence of a global investor like Morgan Stanley lends credibility, though the discount pricing means existing shareholders face some dilution at a price below the floor. Short-term share price may see mild pressure due to dilution, while the fresh capital supports growth plans.