Rajoo Engineers to raise ₹180 cr via QIP for growth initiatives
Rajoo Engineers Limited plans to raise up to ₹180 crore through a QIP at a floor price of ₹114.42 per share. ₹160 crore will fund inorganic growth, with the rest for corporate use. The stock closed at around ₹131 on 14th July. With 38+ years of global presence, the firm also invested ₹30 crore to boost capacity by 40%.