New Delhi, July 17 -- Rajoo Engineers Limited announced that its board has sanctioned the commencement of a qualified institutional placement (QIP) for equity shares, setting a floor price of Rs.114.42 per share. On July 14, 2025, the closing price for the equity shares was Rs.131.20 on the BSE and Rs.131.15 on the NSE.

As per exchange filing, the company may provide a discount of up to 5% on the established floor price for this issue. The final issue price will be decided by the company in collaboration with the book-running lead manager assigned to the issue.

The QIP is expected to generate up to Rs.16,000 lakh, with funds earmarked for business expansion through inorganic growth to propel Rajoo Engineers Ltd.'s development initiative...