Rajoo Engineers QIP Opens at ₹114.42 Floor Price to Fuel Expansion and Strengthen Financials

Mumbai, 16 July 2025: Rajoo Engineers Ltd, a prominent name in polymer extrusion machinery, has opened its Qualified Institutions Placement (QIP) of equity shares, following formal approvals from its Board of Directors and shareholders. The floor price has been set at ₹114.42 per share, in compliance with the SEBI (ICDR) Regulations. The QIP is part of the company’s strategy to raise capital for business growth and financial consolidation.

Floor Price Fixed at ₹114.42 as Company Launches QIP Issue on July 15

At the Board meeting held on July 15, 2025, Rajoo Engineers passed key resolutions to formally initiate the QIP. The floor price of ₹114.42 was fixed in accordance with Regulation 176(1) of SEBI’s ICDR Regulations, based on the relevant date of price computation under Regulation 171(b)(i). The company has also reserved the right to offer a discount of up to 5% on the floor price, if deemed appropriate.

The QIP issue opened on July 15, marking a critical step in the company’s ongoing capital-raising plans.

Final Issue Price to Be Decided in Upcoming Board Meeting on July 21

As per Regulation 29 of SEBI LODR, the company has announced another Board meeting on July 21, 2025, to finalise the actual issue price. This price, along with any applicable discount, will be considered for allocation to Qualified Institutional Buyers (QIBs). The outcome of this meeting will be crucial in shaping investor participation in the offering.

Trading Window Closed to Ensure Regulatory Compliance During QIP

To uphold fair trading practices and comply with SEBI’s Prohibition of Insider Trading Regulations, 2015, the company has closed its trading window for designated persons and insiders from July 16 to July 23, 2025. This temporary restriction ensures that no unpublished price-sensitive information is misused during the QIP process.

Board Approves QIP Documents to Initiate Institutional Participation

During the Board meeting, the following key documents and actions were formally approved and adopted:

• Preliminary Placement Document and Application Form dated July 15, 2025
• Formal opening of the QIP issue on the same day
• Approval of floor price at ₹114.42 as per SEBI guidelines

These decisions reflect the company’s readiness to engage institutional investors and signal its focus on transparency and regulatory compliance.

Rajoo Engineers Targets Growth Through Capital Infusion

Listed on NSE (RAJOOENG) and BSE (522257), Rajoo Engineers Limited is a well-established manufacturer of polymer extrusion machinery. Headquartered in Rajkot, Gujarat, the company serves a global client base and continues to strengthen its position in the plastics processing sector.

The ongoing QIP forms a critical part of Rajoo’s capital-raising initiative aimed at supporting growth, expansion, and balance sheet optimisation. The capital infusion is expected to enhance operational capabilities and fuel long-term value creation for shareholders.

By opening its QIP at a regulated floor price and adhering to robust governance standards, Rajoo Engineers has taken a decisive step forward in its financial and strategic journey.

REF: https://nsearchives.nseindia.com/corporate/RAJOO_15072025194001_Covering_Letter.pdf

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