Rajoo Engineers Limited has informed the Exchange regarding Board meeting held on July 15, 2025 for opening of issue of Qualified Institutions Placement
RAJOOENG · price
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On the reaction day the stock moved 5.9 pts less than Nifty Microcap 250 and 5.6 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 opened its Qualified Institutions Placement (QIP) issue on July 15, 2025, with a floor price of Rs. 114.42 per equity share (face value Re. 1). The board had previously approved the QIP on March 4, 2025, and shareholders approved it through a postal ballot on April 5, 2025. Under SEBI ICDR Regulations, the company may offer a discount of up to 5% on the floor price. The actual issue price will be decided at a board meeting scheduled for July 21, 2025. The trading window for insiders is closed from July 16 to July 23, 2025.
The QIP will dilute existing shareholders but will bring in fresh capital from institutional investors. Investors should watch the July 21 board meeting for the final issue price, as this will affect short-term stock sentiment and the effective dilution.