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Rajoo Engineers launches QIP issue to raise Rs 180 cr
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....ajoo Engineers launches QIP issue to raise Rs 180 cr<BR>PTI News<BR>Dated:- 16-7-2025<BR>PTI<BR>Mumbai, Jul 16 (PTI) Plastic extrusion machinery maker Rajoo Engineers Ltd plans to raise Rs 180 crore t....
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....hrough its qualified institutional placement (QIP) issue, according to an exchange filing. The Rajkot-based company in the filing stated that its board has approved the opening of the issue of quali....
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....fied institutional placement of equity shares with a floor price of Rs 114.42 per equity share from July 15. The issue closes on July 21. The company may offer a discount of not more than 5 per cent....
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.... on the floor price for the issue, the filing said. The proceeds of up to Rs 160 crore from the QIP will be strategically deployed for the business expansion through inorganic growth and the remaini....
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....ng proceeds towards general corporate purposes. The company reported revenue of Rs 253.65 crore for 2024-25 while profit after tax was Rs 38.11 crore. PTI HG MR MR<BR> News - Press release - PIB....