Rajoo Engineers to raise ₹180 crore via QIP at ₹114.42/share for inorganic growth

Rajoo Engineers has announced a ₹180 crore fundraise through a Qualified Institutional Placement, issuing equity shares at a floor price of ₹114.42. 

Rajoo Engineers, a manufacturer of plastic extrusion machinery, plans to raise Rs 180 crore through Qualified Institutional Placement.

The company has informed that its board has approved the issuance of equity shares at a floor price of ₹114.42 per share. Its share price closed at Rs 131 a piece last Monday.

As per current regulations, the company has offered a discount of less than 5 per cent on the floor price. It has appointed GYR Capital Advisors as the Book Running Lead Managers to the QIP issue.

Of the overall proceeds, the company will utilise ₹160 crore for inorganic expansion to accelerate growth, and the remaining proceeds will be allocated for general corporate purposes, it stated.

The company specialises 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 more than 70 countries.

Rajoo Engineers offers over 26 products across six segments, driving innovation and sustainability in plastic processing technology.

Published on July 17, 2025