Financial action taken by Vidhigya Associates regarding Rajoo Engineers' ₹160 crore Qualified Institutional Placement (QIP)
Rajoo Engineers Limited, a leading manufacturer of advanced plastic processing machinery, has successfully raised ₹160 crore through a Qualified Institutions Placement (QIP). The transaction was managed by GYR Capital Advisors Private Limited, with Vidhigya Associates, Advocates serving as the sole legal counsel to the lead manager.
Established in 1986, Rajoo Engineers Limited offers a wide range of products to diverse industries globally. Their core offerings include mono and multilayer blown film lines, sheet extrusion lines, thermoforming and PS foam vacuum forming machines, drip irrigation pipe lines, and lab-scale equipment. The company caters to applications in packaging, agriculture, and industrial sectors, producing high-performance plastic packaging machinery and engineering components.
The transaction team from Vidhigya Associates, who advised on the legal aspects of the QIP transaction, included Vedang Mehta (Associate Partner), Mohit Parekh (Associate Partner), and Yash Desai (Senior Associate).
Rajoo Engineers Limited holds several proprietary technologies such as LAMEX™, MULTIFOIL®, FOMEX™, NONAFOIL™, and DISPOTIL™. These technologies have enabled the company to maintain its position as a leading player in the plastic processing machinery industry.
With this QIP, Rajoo Engineers Limited aims to strengthen its financial position and accelerate its growth in the global market. The company continues to innovate and develop advanced solutions for the plastic processing industry, serving a wide range of industries with its high-quality products.
[1] Source: Business Standard [2] Source: The Economic Times
- Rajoo Engineers Limited, with the raised ₹160 crore from the QIP, intends to fortify its financial standing and quicken its growth in the global market, particularly in the plastic processing machinery industry.
- The successful financing in the manufacturing sector, as evidenced by the ₹160 crore QIP of Rajoo Engineers Limited, demonstrates the thriving relationship between the finance and business sectors, especially in the industry of advanced plastic processing machinery.
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