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 Share Buyback 2023 Details
| Rajoo Engineers Buyback Dates | 6 – 12 Feb 2024 |
| Rajoo Engineers Buyback Price | INR 210 per share |
| Market Price on Buyback Approval | INR 166.45 per share |
| Buyback Premium on Market Price | 26.16% |
| Buyback Offer Size (Shares) | 9,42,300 shares |
| Buyback Offer Size (Amount) | INR 19.79 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE |
Rajoo Engineers Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 23 November 2023 |
| Buyback Approval Date | 29 November 2023 |
| Public Announcement of Buyback | 19 January 2024 |
| Rajoo Engineers Buyback Record Date | 31 January 2024 |
| Buyback Opening Date | 6 February 2024 |
| Buyback Closing Date | 12 February 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 12 February 2024 |
| Verification Date by the Registrar | 15 February 2024 |
| Return of unaccepted shares by Registrar | 20 February 2024 |
| Extinguishment of accepted shares | 29 February 2024 |
Rajoo Engineers Buyback 2023 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Rajoo Engineers Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 3/74 | 4.05 |
| General category (for all other Eligible Shareholders) | 1/72 | 1.39 |
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 2021 | FY 2022 | FY 2023 | |
| Revenue | 169.57 | 190.33 | 178.71 |
| Total Expenses | 153.20 | 171.62 | 166.72 |
| Net income | 12.05 | 15.10 | 11.49 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 210 |
| Maximum shares for small shareholder (2,00,000/210) | 953 shares * |
| Closing price of stock as of 29 September 2023 | INR 166.45** |
| Maximum amount invested in buyback (INR 166.45 x 953 shares) | INR 1,58,626.8 |
** For simplicity, we have considered price on buyback approval date
Rajoo Engineers Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 953 | 39 | 39 (100%) | 1,698.45 | 1.07 |
| 953 | 39 | 78 (200%) | 3,396.9 | 2.14 |
| 953 | 39 | 117 (300%) | 5,095.35 | 3.21 |
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:Â +91 8108114949
Email:Â [email protected]
Website:Â 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:Â [email protected]
Website:Â 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.
