Plastic Engineering Company Raises Rs 160 Crore Through QIP; FII holding Increasing to 3.8% and DII holding Increasing to 4.46% Post Issue

Rajoo Engineers Ltd, a leading manufacturer of plastic extrusion machinery, has successfully raised Rs 160 crore through a Qualified Institutional Placement (QIP). The issue witnessed strong demand from domestic and international institutional investors, validating the company’s growth strategy and future outlook.

The QIP involved the allotment of 1,46,78,900 equity shares at Rs 109.00 per share with a face value of Rs 1 each. The offering, which closed on July 21, 2025, attracted notable participation from Morgan Stanley Asia (Singapore), Rajasthan Global Securities Pvt. Ltd., Moneywise Financial Services Pvt. Ltd., HDFC Bank Limited, Credit Access Life Insurance Limited, BNP Paribas Financials Markets – ODI, among others. Following the issue, Foreign Institutional Investor (FII) holding increased to 3.8 per cent, and Domestic Institutional Investor (DII) holding rose to 4.46 per cent.

Use of Funds and Strategy

The company plans to deploy the funds raised for inorganic growth, including strategic acquisitions to expand its product portfolio, market reach, and technological capabilities. The capital infusion aims to create synergies and support scale-up plans, aligning with Rajoo’s focus on innovation and long-term value creation for stakeholders.

Investor Confidence and Management Commentary

Ms. Khushboo Doshi, Managing Director of Rajoo Engineers Ltd, said, “This successful fundraise of Rs 160 crore 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.”

Distinguished Participation

Top institutional investors in the QIP include Rajasthan Global Securities Private Limited, Morgan Stanley Asia (Singapore), Moneywise Financial Services Pvt. Ltd., Dovetail India Fund - Class 14, BNP Paribas 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, and Swyom India Alpha Fund.

About Rajoo Engineers

Rajoo Engineers Ltd, headquartered in Rajkot, Gujarat, is a manufacturer of plastic extrusion machinery with a presence in over 70 countries. The company offers more than 26 products across six segments, including Blown Film Lines, Sheet Extrusion Lines, Thermoforming Machines, and PVC Pipe Extrusion Solutions. With over 38 years of experience, Rajoo is listed on BSE and NSE and continues to innovate in plastic processing technology.

Disclaimer: The article is for informational purposes only and not investment advice.