Rajoo Engineers Ltd (BSE: 522257, NSE: RAJOOENG, Rajoo), a leading manufacturer of plastic extrusion machinery, is pleased to announce the successful completion of its Qualified Institutional Placement (QIP) to raise Rs 160 crore. The QIP witnessed strong interest from domestic and international investors, reflecting robust confidence in the company’s growth trajectory and strategic vision.
The QIP was executed through the issuance of 1,46,78,900 equity shares at Rs 109.00 per share (face value Rs 1 each). The offering, which closed on July 21, 2025, attracted strong participation from leading institutional investors, including Morgan Stanley Asia (Singapore), Rajasthan Global Securities Pvt. Ltd., Moneywise Financial Services Pvt. Ltd, HDFC Bank Limited, Credit Access Life Insurance Limited, BNP Paribhas Financials Markets – ODI.
This QIP has significantly enhanced Rajoo’s institutional investor base, with Foreign Institutional Investor (FII) holding increasing to 3.8 per cent and domestic institutional investor (DII) holding rising to 4.46 per cent post-issue.
Management Commentary
Khushboo Doshi, Managing Director of Rajoo Engineers Ltd, said, “This successful fundraise of ₹ 160 Crores marks a significant milestone in our journey. The enthusiastic response from institutional investors underscores the trust in our business fundamentals, innovation-led strategy and long-term vision. We are committed to leveraging this capital to further scale our operations and create long-term value for our stakeholders.”
Use of Proceeds
The Company plans to utilise the net proceeds to pursue inorganic growth through strategic acquisitions aimed at expanding scale, product offerings and market presence. The acquisition strategy focuses on complementary businesses, geographic expansion, technological advancement and synergy-driven growth opportunities.
Distinguished Investor Participation
The QIP saw participation from a prestigious group of domestic and international institutional investors. The top 10 investors are:
- Rajasthan Global Securities Private Limited
- Morgan Stanley Asia (Singapore)
- Moneywise financial services pvt. Ltd.
- Dovetail India Fund – Class 14
- BNP Paribhas Financials Markets- ODI
- Vikasa India Eif I Fund – Incube Global
- Credit Access Life Insurance Limited
- Beacon Stone Capital Vcc – Beacon Stone I
- Astorne Capital VCC – Alpha A2
- Swyom India Alpha Fund
The complete Placement Document is available for detailed information on the website of the company.
About Rajoo
Rajoo Engineers Limited is a leading manufacturer of plastic extrusion machinery, specialising in blown film lines, sheet extrusion lines, thermoforming machines and PVC pipe extrusion solutions. With over 38 years of expertise, the company has a strong global presence in 70+ countries and is listed on BSE and NSE, reinforcing its market credibility. Operating from Rajkot, Gujarat. Rajoo Engineers offers 26+ products across six segments, driving innovation and sustainability in plastic processing technology. More information is available at https://www.rajoo.com.
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