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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
Max. Investment
₹1,09,200
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
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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
Shareholding
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 800 | ₹2,18,400 |
| Individual investors (IND) (Max) | 2 | 800 | ₹2,18,400 |
| S-HNI (Min) | 3 | 1200 | ₹3,27,600 |
| S-HNI (Max) | 9 | 3600 | ₹9,82,800 |
| B-HNI (Min) | 10 | 4000 | ₹10,92,000 |
(All values in CR)
Raksan Transformers IPO Valuations
| Metric | Value |
|---|---|
| ROE | 55.32 |
| ROCE | 46.72 |
| Debt/Equity | 0.27 |
| RoNW | 43.41 |
| PAT Margin | 9.25 |
| EBITDA Margin | 12.87 |
| NAV | 14.38 |
| Price to Book Value | 18.98 |
(All values in CR)
Raksan Transformers IPO Strength & Risk
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
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.
Last updated 09 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 09 Sep, 2026 | 273 | ₹25 | - | ₹298 (9.16%) | 10000 | 09 Sep, 2026 |
| 08 Sep, 2026 | 273 | ₹25▲ | - | ₹298 (9.16%) | 10000 | 08 Sep, 2026 |
| 07 Sep, 2026 | 273 | ₹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
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
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).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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