Rajoo Engineers Buyback 2023 Record Date, Price, Entitlement Ratio

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Rajoo Engineers Buyback 2023

Rajoo Engineers Buyback 2023 description – Rajoo Engineers designs and manufactures blown film lines, sheet lines, and thermoformers. The company’s product portfolio includes Downward Extrusion Blown Film Lines, Mono Layer Brown Film Lines, Three Layer Blown Film Lines, Two extruder 3 layer ABA blown film line, Five Layer Blown Film Lines, Seven Layer Blown Film Lines, Physically Foamed Sheet Extrusion Line, Cross Lamination Film Line, Lab Line, Mono & Multilayer sheet extrusion system for PS/PP/EVA, Sheet extrusion technology for solar modules, and single and twin screw extrusion system.

The company has installations in more than 70 countries: Latin America, Europe, North & South America, Gulf, Africa, and a few more. Rajoo Engineers has partnerships with Bausano & Figli- Italy, MEAF Machines B.V. – Netherlands, and Wonderpack – Nashik(India).

Rajoo Engineers’ manufacturing and design facility is located in Rajkot, spread over 20,000 square meters. The company purchased additional land parcels measuring 1,500 square meters near its facility and started construction of a factory shed in November 2023.

Rajoo Engineers Buyback

Rajoo Engineers Share Buyback 2023 Details

Rajoo Engineers Buyback Dates6 – 12 Feb 2024
Rajoo Engineers Buyback Price INR 210 per share
Market Price on Buyback ApprovalINR 166.45 per share
Buyback Premium on Market Price26.16%
Buyback Offer Size (Shares)9,42,300 shares
Buyback Offer Size (Amount)INR 19.79 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE

Rajoo Engineers Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal23 November 2023
Buyback Approval Date29 November 2023
Public Announcement of Buyback19 January 2024
Rajoo Engineers Buyback Record Date31 January 2024
Buyback Opening Date6 February 2024
Buyback Closing Date12 February 2024
Cut-off Date to receive completed tender forms by Registrar12 February 2024
Verification Date by the Registrar15 February 2024
Return of unaccepted shares by Registrar20 February 2024
Extinguishment of accepted shares29 February 2024

Rajoo Engineers Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback


Rajoo Engineers Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
3/744.05
General category
(for all other Eligible Shareholders)
1/721.39

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.


Rajoo Engineers Financial Performance

FY 2021FY 2022FY 2023
Revenue169.57190.33178.71
Total Expenses153.20171.62166.72
Net income 12.0515.1011.49
Figures in INR Crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 210
Maximum shares for small shareholder (2,00,000/210)953 shares *
Closing price of stock as of 29 September 2023INR 166.45**
Maximum amount invested in buyback (INR 166.45 x 953 shares)INR 1,58,626.8
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Rajoo Engineers Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
9533939 (100%)1,698.451.07
9533978 (200%)3,396.92.14
95339117 (300%)5,095.353.21

Registrar of Rajoo Engineers Buyback 2023

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 8108114949
Email: [email protected]
Website: www.linkintime.com


Manager of Rajoo Engineers Buyback 2023

GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email[email protected]
Website: www.gyrcapitaladvisors.com


Process to Participate in Rajoo Engineers Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.


Frequently Asked Questions

What are Rajoo Engineers buyback dates?

Rajoo Engineers share buyback opens on 6 February 2024 and closes on 12 February 2024.

Which type of buyback is Rajoo Engineers buyback offer?

Rajoo Engineers buyback is a tender offer.

What is Rajoo Engineers buyback price?

Rajoo Engineers buyback price is INR 210 per share.

What is Rajoo Engineers buyback record date?

Rajoo Engineers buyback record date is 31 January 2024.

How to participate in Rajoo Engineers share buyback?

Rajoo Engineers share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.

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