Plastic processing machinery maker Rajoo Engineers to raise Rs.180-Cr via QIP for acquisitions

Gujarat-based Rajoo Engineers plans has raised INR 180 crore through Qualified Institutional Placement (QIP) by issuing equity shares at a floor price of INR 114.42 per share.The company has appointed GYR Capital Advisors as the Book Running Lead Manager to the issue.Rajoo Engineers offers over 26 products across six segments in plastic processing technology. It claims to have a presence in more than 70 countries.