Raksan Transformers

Raksan Transformers

LISTED

IPO Date: 10 Sept - 15 Sept 2026

Listing Date: 18 Sept 2026

Price Range

₹258 to ₹273

Issue Size

150 Cr

Min Investment

₹2,06,400

2 lots minimum (SEBI rule for SME)

Min Application

800 Shares

400 per lot × 2

View IPO Document

Schedule of Raksan Transformers

  1. Issue open date

    10 Sept 2026

  2. Issue close date

    15 Sept 2026

  3. UPI mandate deadline

    15 Sept 2026 (5 PM)

  4. Allotment finalization

    16 Sept 2026

  5. Share credit

    17 Sept 2026

  6. Listing date

    18 Sept 2026

  7. Mandate end date

    30 Sept 2026

Issue size

Funds Raised in the IPOAmount
Overall150 Cr
Fresh Issue44.13 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date16 Sept 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
18 Sept 2026Latest₹273₹12₹285(+4.4%)
17 Sept 2026₹273₹9₹282(+3.3%)
16 Sept 2026₹273₹21₹294(+7.69%)
15 Sept 2026₹273₹50₹323(+18.32%)
14 Sept 2026₹273₹61₹334(+22.34%)
13 Sept 2026₹273₹30₹303(+10.99%)
12 Sept 2026₹273₹30₹303(+10.99%)
11 Sept 2026₹273₹30₹303(+10.99%)
10 Sept 2026₹273₹28₹301(+10.26%)
9 Sept 2026₹273₹25₹298(+9.16%)
8 Sept 2026₹273₹25₹298(+9.16%)
7 Sept 2026₹273₹0₹273(0%)

Performance Raksan Transformers

Issue PriceListing GainCurrent Market PriceP/L
₹258 to ₹273....₹ 232.9-14.69%

About Raksan Transformers

Raksan Transformers Limited is a manufacturer of distribution, power, solar/inverter-duty and special-purpose transformers used across power generation, transmission and distribution networks. The company began with transformer repair and servicing and entered transformer manufacturing in 2005–06. It operates two manufacturing facilities at Rai, Sonipat, Haryana, with installed capacity of approximately 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. Its customers include government entities, state electricity boards, utilities and other B2B/B2G customers across several Indian states.

Founded in1995
Managing directorSanjeev Kanda
Parent organization

Financial Overview

Strengths

4
  1. 1

    Long operating track record of more than three decades in the transformer industry, with experienced promoter-management.

  2. 2

    Diversified product portfolio covering distribution, power, solar and special-purpose transformers.

  3. 3

    Large installed production capacity of 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers.

  4. 4

    Strong exposure to government and utility customers, providing access to the growing power transmission and distribution market.

Risks

4
  1. 1

    High dependence on government and public-sector customers could expose revenue to changes in government spending, tendering and project execution.

  2. 2

    Working-capital and debt requirements can remain significant as the business expands its manufacturing capacity; the company has reported secured borrowings/charges with lenders.

  3. 3

    Raw-material price volatility, particularly for key transformer inputs such as copper, aluminium, electrical steel and other components, can pressure margins.

  4. 4

    Capital-intensive expansion risk — planned investments in manufacturing capacity require substantial capital and depend on achieving sufficient capacity utilisation and demand.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)3.87
Non-Institutional Investors (NIIs)0.16
Retail Individual Investors (RIIs)0.35
EmployeeN/A
Total1.31