Raksan Transformers IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
Raksan Transformers Ltd.Incorporated: 1995Overview: Raksan Transformers Ltd. is a leading company engaged in the repair, servicing, and manufacturing of distribution and power transformers. With decades of industry experience, the company is recognized for delivering reliable and efficient…
Open Date
Thu, 10 Sep 2026
Close Date
Tue, 15 Sep 2026
Price Band
₹ 258 – 273
Lot Size
400
Issue Size
₹ 150.50 Cr
Minimum Investment
₹ 218,400 (800 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Raksan Transformers IPO is set to open its Initial Public Offering (IPO) for subscription on September 10, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹150.50 Crore, comprising a fresh issue of 44.13 Lakh equity shares aggregating to ₹120.47 Crore and an offer for sale (OFS) of 11.00 Lakh equity shares aggregating to ₹30.03 Crore by the existing shareholders.
The Raksan Transformers IPO will open for subscription on September 10, 2026, and close on September 15, 2026. The basis of allotment is expected to be finalized on September 16, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on September 18, 2026.
The company has fixed the price band at ₹258 to ₹273 per share, with a lot size of 400 shares. Retail investors will require a minimum investment of ₹218,400 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Hem Securities Ltd. are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Raksan Transformers IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 15, 2026.
Raksan Transformers IPO Timeline (Tentative)
- IPO Open Date
- Thu, 10 Sep 26
- IPO Close Date
- Tue, 15 Sep 26
- Basis of Allotment
- Wed, 16 Sep 26
- Initiation of Refunds
- Thu, 17 Sep 26
- Credit of Shares to Demat
- Thu, 17 Sep 26
- Listing Date
- Fri, 18 Sep 26 — BSE
Open Date
10 September 2026
Close Date
15 September 2026
Basis Of Allotment
16 September 2026
Listing Date
18 September 2026
IPO Subscription
Check Live Subscription →The Raksan Transformers IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 10 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 155.59 | 117.9 | 67.02 |
| Revenue | 363.63 | 324.78 | 162.52 |
| Profit After Tax | 33.6 | 20.38 | 7.59 |
| Net Worth | 77.42 | 44.07 | 23.7 |
| Reserve & Surplus | 60.94 | 43.2 | 22.83 |
| Total Borrowings | 20.74 | 23.51 | 9.81 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Raksan Transformers Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 55.32 | 60.14 | 38.14 |
| ROCE % | 46.72 | 43.09 | 34 |
| Debt / Equity | 0.27 | 0.53 | 0.41 |
| RoNW % | 43.41 | 46.23 | 32.03 |
| Pat Margin % | 9.25 | 6.28 | 4.72 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Raksan Transformers Ltd | 10 | 0 | 20.39 | 20.39 | 43.41 | 46.97 |
| Marsons Limited | 1 | 49.63 | 2.69 | 2.69 | 21.28 | 12.64 |
| Shilchar Technologies Ltd | 10 | 29.47 | 138.25 | 138.25 | 32.22 | 429.05 |
| Supreme Power Equipment Ltd | 10 | 27.75 | 8.18 | 8.15 | 17.49 | 47.3 |
About Raksan Transformers Limited
Raksan Transformers Ltd.
Incorporated: 1995
Overview:
Raksan Transformers Ltd. is a leading company engaged in the repair, servicing, and manufacturing of distribution and power transformers. With decades of industry experience, the company is recognized for delivering reliable and efficient transformer solutions across various applications, including solar and special-purpose requirements.
Manufacturing Facilities:
As of March 31, 2025, the company operates through two manufacturing units located at Rai, District Sonepat, Haryana, with a combined area of approximately 3,037.5 sq. meters, detailed as follows:
- Unit I: Plot No. 1676–1677, Sector–38, Phase–I, HSIIDC Industrial Estate, Rai — approximately 2,025 sq. meters
- Unit II: Plot No. 1413, HSIIDC Industrial Estate, Rai — approximately 1,012.5 sq. meters
Product Portfolio:
Raksan Transformers Ltd. offers a comprehensive range of transformer products, including:
- Distribution Transformers
- Power Transformers
- Transformers for Solar Applications
- Special Purpose Transformers
Raksan Transformers IPO Promoters
- Sanjeev Kanda
- Dievam Singh Kanda
- Renu Kanda
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.61%
Raksan Transformers IPO Objective
The Company Raksan Transformers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub- Tehsil Rai, Distt. Sonepat, Haryana
- To meet working capital requirements
- Repayment of certain borrowing availed by our Company, in part or full
- General Corporate Purpose
Raksan Transformers Limited Address / Contact Details
Raksan Transformers Ltd.
Shop No. 16,
Local Shopping Centre-3,
Sector-8, Rohini, North Delhi,
New Delhi, New Delhi, 110085
Phone: +91 8199946578
Email: cs@raksantransformers.com
Website: http://www.raksantransformers.com/
IPO Snapshot
Raksan Transformers IPO Lot Size
The Raksan Transformers IPO has a lot size of 400 shares. Retail investors require a minimum investment of ₹2,18,400 by applying for 2 lot (800 shares). The maximum application allowed for the retail category is 2 lots (800 shares), requiring an investment of ₹2,18,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 800 | 218,400.00 |
| Retail (Max) | 2 | 800 | 218,400.00 |
| S-HNI (Min) | 3 | 1,200 | 327,600.00 |
| S-HNI (Max) | 9 | 3,600 | 982,800.00 |
| B-HNI (Min) | 10 | 4,000 | 1,092,000.00 |
Issue Reservation
Book Running Lead Managers
- Hem Securities Ltd.
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Raksan Transformers IPO?
Raksan Transformers IPO is a Book-building IPO with a total issue size of ₹150.5 crore. The Raksan Transformers IPO price band is ₹258 to 273 per share. The Raksan Transformers IPO subscription opens on Thu, Sep 10, 2026, and closes on Tue, Sep 15, 2026. The Raksan Transformers IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Raksan Transformers IPO.
When will the Raksan Transformers IPO open for subscription?
The Raksan Transformers IPO opens on Thu, Sep 10, 2026 and closes on Tue, Sep 15, 2026
What is Raksan Transformers IPO Price Band?
Raksan Transformers IPO Price Band is ₹258 to 273 per share.
What is Raksan Transformers IPO Lot Size?
Raksan Transformers IPO lot size is 400 shares, Retail investors need a minimum investment of ₹218400 based on the upper price band
What is the minimum investment for Raksan Transformers IPO?
The minimum investment for Raksan Transformers IPO is ₹218400, based on one lot of 400 shares at the upper price band of ₹273 per share.
How to apply for Raksan Transformers IPO?
Investors can apply for the Raksan Transformers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 15, 2026. The application amount remains blocked until the Raksan Transformers IPO allotment is finalized.
What is Raksan Transformers IPO Issue Size?
Raksan Transformers IPO issue size is ₹150.5 crores.
What is the Raksan Transformers IPO Allotment Date?
Raksan Transformers IPO allotment date is Wed, Sep 16, 2026.
Who is the Raksan Transformers IPO Registrar?
The registrar for Raksan Transformers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Raksan Transformers IPO allotment status, refund processing, and other IPO-related information.
Who is the Raksan Transformers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Raksan Transformers IPO are Hem Securities Ltd.. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Raksan Transformers IPO Red Herring Prospectus (RHP).