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SME · BSE
Raksan Transformers IPO

Raksan Transformers IPO

Raksan Transformers IPO

Overview

Raksan Transformers IPO is a book build issue of ₹150.50 crores. The issue is a combination of fresh issue of 44.13 lakh shares aggregating to ₹120.47 crores and offer for sale of 11.00 lakh shares aggregating to ₹30.03 crores. Raksan Transformers IPO opens for subscription on Sep 10, 2026 and closes on Sep 15, 2026. The allotment for the Raksan Transformers IPO is expected to be finalized on Sep 16, 2026. Raksan Transformers IPO will list on the BSE SME with a tentative listing date fixed as Sep 18, 2026. Raksan Transformers IPO is set issue price band at ₹258 to ₹273 per share. The lot size for an application is 400 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,18,400 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,200 shares), amounting to ₹3,27,600. Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd.

Total Shares

55,12,800

Issue Size

₹150 Cr

Price Band

258 – ₹273

Lot Size

400 shares

Min. Investment

1,09,200

Max. Investment

1,09,200

Open Date

10 Sep, 2026

Close Date

15 Sep, 2026

Allotment

16 Sep, 2026

Listing

18 Sep, 2026

Announced

10 Sep, 2026

Opening Date

10 Sep, 2026

Closing Date

15 Sep, 2026

Basis of Allotment

16 Sep, 2026

Initiation of Refunds

17 Sep, 2026

Credit of Shares

17 Sep, 2026

Listing Date

18 Sep, 2026

Live GMP

Est. Listing: ₹298

25

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About Raksan Transformers IPO

Incorporated in July 1995, Raksan Transformers Limited is an ISO 9001:2015 certified manufacturer of transformers across different voltage ratings. The Company manufactures a diversified range of transformers, including distribution transformers, power transformers, transformers for solar applications and special purpose transformers, which are used across power generation, transmission and distribution networks, as well as various industrial and infrastructure projects. The Company init

Raksan Transformers IPO Share Price

Issue Breakdown

Total Issue55,12,800 shares₹150 Cr
Fresh Issue41,36,800 shares₹113 Cr
Offer for Sale11,00,000 shares₹30 Cr

Shareholding

Pre-Issue1,64,80,600
Post-Issue2,08,93,400

Dilution: 26.8% increase in shares

Raksan Transformers IPO Financial Health

Raksan Transformers Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2026 and March 31, 2025.

Raksan Transformers IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples of 400 shares thereof.

ApplicationLotsSharesAmount
Individual investors (IND) (Min)28002,18,400
Individual investors (IND) (Max)28002,18,400
S-HNI (Min)312003,27,600
S-HNI (Max)936009,82,800
B-HNI (Min)10400010,92,000

(All values in CR)

Raksan Transformers IPO Valuations

MetricValue
ROE55.32
ROCE46.72
Debt/Equity0.27
RoNW43.41
PAT Margin9.25
EBITDA Margin12.87
NAV14.38
Price to Book Value18.98

(All values in CR)

Raksan Transformers IPO Strength & Risk

+Strengths

Raksan Transformers IPO Strength

  • Strong presence in the transformer manufacturing segment
  • Established customer base across key industrial sectors
  • Growing demand for power and distribution transformers
  • Focus on quality, reliability and customised transformer solutions
  • Potential to benefit from India’s expanding power infrastructure
  • Opportunities for capacity expansion and business growth
!Risks

Raksan Transformers IPO Risk

  • High dependence on raw material prices, particularly copper and steel
  • Intense competition in the transformer manufacturing industry
  • Business performance may be affected by fluctuations in power-sector demand
  • Working capital requirements could put pressure on cash flows
  • Dependence on a limited number of customers or large orders may create concentration risk
  • Any delays in capacity expansion or execution could affect growth prospects

Raksan Transformers IPO GMP

Raksan Transformers SME IPO last GMP is ₹25, last updated Sep 9th 2026 10:33 AM. With the upper price band of ₹273.00, Raksan Transformers SME IPO's estimated listing price is ₹298 (cap price + today's GMP). The expected percentage gain/loss per share is 9.16%. >> Raksan Transformers SME IPO Retail Subject to Sauda: ₹7600 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹25.00.

+25+9.2%

Last updated 09 Sep, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
09 Sep, 2026273₹25-₹298 (9.16%)1000009 Sep, 2026
08 Sep, 2026273₹25-₹298 (9.16%)1000008 Sep, 2026
07 Sep, 2026273₹0-₹273 (0.00%)-07 Sep, 2026

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Raksan Transformers IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Raksan Transformers IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

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