Rajoo Engineers Buyback of ₹19.78 crores approved by the board of directors at the meeting was held on Novembre 29 2023. Rajoo Engineers Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹1 each equity share at a price of ₹210 per Equity Share and for an aggregate amount not exceeding ₹19.78 crores from the shareholders. Check out Rajoo Engineers Buyback 2024 details below:
Based in Rajkot, Rajoo Engineers Limited, having made a modest beginning in 1986 has today emerged as an undisputed global player in blown film and sheet extrusion lines. Owing to its focused efforts in blown film, sheet extrusion lines, and Thermoformers, the Company enjoys a premium market position in this segment. Being a technology-driven company product innovations, world-class quality, state-of-the-art workmanship, increased energy efficiency, and high levels of sophistication and automation have become the hallmark of Rajoo products during all these years, positioning the Company’s products on a global platform, competing with the established world leaders. With representations in many countries of the world and customers in over 70 countries, the Company’s exports have multiplied after its debut in the international market in 1990.
Rajoo Engineers Buyback History
- N/A
Rajoo Engineers Buyback 2024 Dates
| Buyback Meeting Date: | November 29, 2023 |
| Buyback Announcement Date: | November 29, 2023 |
| Buyback Record Date: | January 30, 2024 |
| Last Date to Buy Shares: | January 29, 2024 |
| Buyback Open Date: | February 6, 2024 |
| Buyback Close Date: | February 12, 2024 |
| Finalization of Buyback Acceptance: | February 16, 2024 |
Rajoo Engineers Buyback 2024 Offer Details
Rajoo Engineers buyback of 9,42,300 equity shares at a price of ₹210 per equity share. The buyback offers not to exceed ₹19.78 crores of the total buyback offer size.
| Offer Amount: | ₹19.78 Crores |
| Number of Shares: | 9,42,300 Equity Shares |
| Face Value: | ₹1 per equity share |
| Buyback Price: | ₹210 per equity share |
| Listing: | BSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Rajoo Engineers Buyback 2024 Acceptance Ratio
The investor should buy around 952 shares at a current market price of ₹160.43 (as of date). The calculation will be ₹2,00,000 / ₹210 buyback price = 952 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹158032 | 314 | ₹13816 |
| 50% | ₹158032 | 476 | ₹20944 |
| 75% | ₹158032 | 714 | ₹31416 |
| 100% | ₹158032 | 952 | ₹41888 |
Rajoo Engineers Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹152 | ₹134 | ₹10 |
| 2022 | ₹172 | ₹151 | ₹15 |
| 2023 | ₹160 | ₹146 | ₹10 |
How to Participate in Rajoo Engineers Buyback 2024
The investors are eligible for the buyback scheme who have Rajoo Engineers shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Rajoo Engineers Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Rajoo Engineersepted shares by the company under the Rajoo Engineers buyback scheme.
Rajoo Engineers Buyback 2024 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Rajoo Engineers Buyback 2024 Lead Managers
- GYR Capital Advisors Private Limited
Rajoo Engineers Company Address
Rajoo Engineers Limited
Rajoo Avenue Survey No. 210,
Plot No. 1, Industrial Area, Veraval (Shapar),
Dist-Rajkot – 360 024
Phone: +91 97129 62704
Email: [email protected]
Website: https://www.rajoo.com/index.html
How to Apply the Rajoo Engineers Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Rajoo Engineers”. Click on Place Order. Enter your Quantity and submit Rajoo Engineers Buyback Application Form.
How to Apply the Rajoo Engineers Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Rajoo Engineers. You will see the Company Name “Rajoo Engineers”. Click on Rajoo Engineers Stock for Buyback. Enter your Quantity and submit Rajoo Engineers Buyback Application Form.
How to Apply the Rajoo Engineers Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Rajoo Engineers. Enter your Quantity and submit Rajoo Engineers Buyback Application Form.
