Rajoo Engineers Limited has informed the Exchange regarding a press release titled "Rajoo Engineers Ltd Successfully Raised ₹160 Crore through Qualified Institutional Placement (QIP)".
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Rajoo Engineers Limited, a plastic extrusion machinery maker based in Rajkot, has successfully raised ₹160 crore through a Qualified Institutional Placement (QIP) that closed on July 21, 2025. The company issued 1,46,78,900 equity shares at ₹109 per share (face value ₹1) to leading domestic and international institutional investors including Morgan Stanley Asia (Singapore), HDFC Bank, Credit Access Life Insurance, and BNP Paribas Financials Markets. Post-issue, FII holding rose to 3.8% and DII holding increased to 4.46%, significantly broadening the company's institutional investor base. Management stated the capital will be used primarily for inorganic growth through strategic acquisitions aimed at expanding scale, product offerings, and market presence.
The QIP strengthens Rajoo's balance sheet and signals management's confidence in pursuing acquisitions for growth, but also results in equity dilution for existing shareholders. The strong institutional participation, including from marquee foreign investors, is a positive validation of the company's growth trajectory and may support sentiment around the stock.