RAKSAN TRANSFORMERS LIMITED IPO
Closed10–15 Sep 2026
Latest update:
GMP +13.2% (₹36) · Subscribed 47.50× (QIB 70.5× · NII 60.8× · Retail 28.7×) · Price band ₹258–₹273 · Closed 15 Sep 2026 · Allotment 16 Sep 2026 (Confirmed) · Lists 18 Sep 2026 (Expected)
What RAKSAN TRANSFORMERS LIMITED does
We are an ISO 9001:2015 certified company engaged in the manufacturing of transformers across different voltage ratings. Our product offerings include distribution transformers, power transformers, transformers for solar applications, and special purpose transformers.
RAKSAN TRANSFORMERS LIMITED financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2023-24 | 2024-25 | 2025-26 | ||
|---|---|---|---|---|
| Sales | 161 | 324 | 363 | |
| Operating Profit | — | — | — | |
| OPM % | — | — | — | |
| Net Profit | — | — | — | |
| Total Debt | 10 | 24 | 21 |
RAKSAN TRANSFORMERS LIMITED IPO offer structure
Total: ₹151 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana: ₹62 cr
- To meet working capital requirements: ₹35 cr
- Repayment of certain borrowing availed by our Company, in part or full: ₹7 cr
- General Corporate Purpose
RAKSAN TRANSFORMERS LIMITED strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- We derive a substantial portion of our revenue from government and public utility customers, and our business is highly dependent on government policies, project allocations, and payment cycles. (p.24)
- A significant portion of our revenue is derived from government-controlled entities, through competitive bidding processes. (p.25)
- Our order book may not be representative of our future results and our actual income may be significantly less than the estimates. (p.25)
- We significantly depend upon few of the raw material suppliers for our manufacturing activities. (p.26)
- Any under-utilization or inability to efficiently utilize our existing manufacturing capacities could adversely affect our operational efficiency. (p.26)
RAKSAN TRANSFORMERS LIMITED market and competition
The transformers manufacturing industry is characterized by intense competition, with both global giants and local players vying for prominence in the market. Our key competitors include Marsons Limited, Shilchar Technologies Limited and Supreme Power Equipment Limited.
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RAKSAN TRANSFORMERS LIMITED IPO: common questions
What is the RAKSAN TRANSFORMERS LIMITED IPO GMP (grey-market premium) today?
As of 16 Sep 2026 the indicative grey-market premium (GMP) for the RAKSAN TRANSFORMERS LIMITED IPO is +13.2% from a single grey-market source. GMP is unregulated and self-reported, so treat it as a sentiment signal, never a guarantee. For context, across the 19 IPOs we have tracked from a pre-listing GMP quote through to the actual listing, grey-market premium pointed the right way 79% of the time. Never decide on GMP alone.
When does the RAKSAN TRANSFORMERS LIMITED IPO open and close?
The RAKSAN TRANSFORMERS LIMITED IPO is open from 10 Sep 2026 to 15 Sep 2026.
What is the RAKSAN TRANSFORMERS LIMITED IPO price band?
The price band is ₹258–₹273 per share.
What is the lot size and minimum investment for the RAKSAN TRANSFORMERS LIMITED IPO?
One lot is 400 shares, and a retail application must be at least one lot. That is about ₹2,18,400 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the RAKSAN TRANSFORMERS LIMITED IPO subscribed?
As of 16 Sep 2026 the total subscription is 47.50×.
When are the RAKSAN TRANSFORMERS LIMITED IPO allotment and listing dates?
Allotment is on 16 Sep 2026, as published. The listing date follows once the exchange confirms it.
How do I check the RAKSAN TRANSFORMERS LIMITED IPO allotment status?
On the allotment status page published by Bigshare Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 704 SME IPOs that have listed on the NSE since 2016, 558 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.
RAKSAN TRANSFORMERS LIMITED IPO allotment status
Allotment is on 16 Sep 2026, as published. Allotment is decided and published by the registrar, not by us. This issue's registrar is Bigshare Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →