26-Dec-2023
2 mins read
Rajoo Engineers Limited, listed on the stock exchange, was founded on December 8, 1986. Functioning as a public limited entity, Rajoo Engineers Limited is headquartered in Rajkot, Gujarat. The company’s authorized share capital is set at Rs 7.70 crore, and it has a total paid-up capital of Rs 6.15 crore.
Rajoo Engineers Limited- Company Details
Founded in 1986, Rajoo Engineers Limited is a renowned manufacturer specializing in blown film lines, sheet lines, and thermoformers. The company’s extensive product range includes a variety of blown film lines, such as Mono Layer, Three Layer, Five Layer, and Seven Layer, alongside Downward Extrusion and Two extruder 3 layer ABA lines. Additionally, they offer a Physically Foamed Sheet Extrusion Line, Cross Lamination Film Line, Lab Line, Mono & Multi Layer sheet extrusion systems for PS/PP/EVA, technology for solar module sheet extrusion, and Single and twin screw extrusion systems.
Rajoo Engineers Limited has been recognized for its contributions and achievements. In 2003, it received the Export Excellence Certificate from the Engineering Export Promotion Council of India for its remarkable export performance. Also, it unveiled Asia’s highest output 3-layer blown film line at Plastindia. 2004 saw the company being honoured with the GUJARAT GAURAV AWARD for its significant impact on the plastic industry. In 2013, the company’s mentor, Mr. C. N. Doshi was awarded a Lifetime Achievement Award for his innovative contributions to the plastics processing machinery sector and the global plastic fraternity. That same year, the company also achieved a milestone by developing Asia’s first-ever smallest 5-layer sheet line, showcased at K-Germany, and received an award from IPMMI for this innovation.
Rajoo Engineers Limited Financials
In the fiscal year that ended on March 31, 2023, Rajoo Engineers Limited witnessed a 6.98% reduction in revenue in comparison to the fiscal year ending on March 31, 2022. Moreover, during this period, the company’s profit after tax (PAT) saw a decline of 32.31%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Assets | 173.85 | 147.72 | 146.14 | 141.01 | 127.28 | 148.77 |
| Revenue | 162.58 | 174.78 | 152.83 | 93.69 | 123.52 | 147.33 |
| Profit After Tax | 10.02 | 14.8 | 10.41 | 1.47 | 7.89 | 12.06 |
Rajoo Engineers Limited Buyback Details
| Issue Period | February 6, 2024 – February 12, 2024 |
| Security Name | Rajoo Engineers Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 942,300 |
| Issue Size (Amount) | Rs 19.79 Crores |
| Buyback Price | Rs 210 per share |
| Face Value | Re 1 per share |
| Listing At | BSE |
Lead Manager for Rajoo Engineers Limited Buyback
The lead manager for Rajoo Engineers Limited Buyback is GYR Capital Advisors Private Limited.
How to Check Allotment Status
The registrar for Rajoo Engineers Limited Buyback is Link Intime India Private Limited. Click here to check https://linkintime.co.in/initial_offer/public-issues.html
FAQs
- What is the Rajoo Engineers Limited Buyback offer?
Rajoo Engineers Limited has proposed a buyback of 942,300 shares. This buyback is structured as a tender offer, with a total issue size amounting to Rs 19.79 crores. The buyback price per share is set at Rs 210, and the face value of each share is Re 1.
- When is the issue period for the Rajoo Engineers Limited Buyback?
The specific dates for the buyback issue period is February 6, 2024 – February 12, 2024.
- What is the listing platform for Rajoo Engineers Limited?
Rajoo Engineers Limited is listed on the Bombay Stock Exchange (BSE).
- What type of issue is the buyback?
The buyback is a tender offer.
- Who is the lead manager for the Rajoo Engineers Limited Buyback?
The lead manager for Rajoo Engineers Limited Buyback is GYR Capital Advisors Private Limited.
- How can investors check the allotment status of the buyback?
The registrar for Rajoo Engineers Limited Buyback is Link Intime India Private Limited.
- What is the financial performance of Rajoo Engineers Limited?
For the fiscal year ending March 31, 2023, Rajoo Engineers Limited experienced a 6.98% decrease in revenue and a 32.31% drop in profit after tax (PAT) compared to the previous fiscal year.
- What is the nature of products manufactured by Rajoo Engineers Limited?
Rajoo Engineers Limited specialises in manufacturing blown film lines, sheet lines, and thermoformers, with a diverse range of products including Mono Layer, Three Layer, Five Layer, and Seven Layer blown film lines, among others.
- What awards and recognitions has Rajoo Engineers Limited received?
The company has received several accolades, including the Export Excellence Certificate in 2003, the GUJARAT GAURAV AWARD in 2004, and a Lifetime Achievement Award to its mentor Mr. C. N. Doshi in 2013, alongside developing Asia’s first-ever smallest 5-layer sheet line.
- Where is Rajoo Engineers Limited headquartered?
The company is headquartered in Rajkot, Gujarat.