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Raksan Transformers Ltd IPO
BSE SME Bookbuilding IPO Fresh capital cum OFS Open Now
GMP +₹25 +9.16% Est. Listing ₹298 P&L/Lot +₹10,000
Issue Price
₹273
Face ₹10
GMP
+₹25
+9.16% premium
Est. Listing
₹298
GMP based
Subscribed
1.31
⚠️ Moderate
Min Amount
₹109,200
1 lot · 400 shares
Lot Size
400
shares / lot
Allotment
Important Dates
1/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
10 Sep 2026
Thu Completed
Soon
Close Date
15 Sep 2026
Tue Upcoming
Soon
Allotment
16 Sep 2026
Wed Upcoming
Soon
Refund
17 Sep 2026
Thu Upcoming
Soon
Demat Credit
17 Sep 2026
Thu Upcoming
Soon
Listing Date
18 Sep 2026
Fri Upcoming
Issue Details
Pricing & Size
Issue Price
₹273 Face ₹10
Lot Size
400 shares
Min Investment
₹109,200
Total Issue Size
55,12,800 shares (agg. up to ₹150 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital cum OFS
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,76,000
QIB Portion
1047200.00
NII / HNI
786000.00
Retail
1833600.00
Employee
-
Net Offer to Public
52,36,800 shares (agg. up to ₹143 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,64,80,600 shares
Post-Issue Shareholding
2,08,93,400 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 800 ₹2,18,400
HNI / NII 3 1,200 ₹3,27,600
Objects of Issue
4 objectives
1
Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana
62.14 Cr
2
To meet working capital requirements
35.00 Cr
3
Repayment of certain borrowing availed by the Company, in part or full
7.28 Cr
4
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
Hem Securities Ltd
Market Maker
Hem Finlease Pvt.Ltd
IPO Timeline
Open
10 Sep
✓ Done
Close
15 Sep
Upcoming
Allotment
16 Sep
Upcoming
Listing
18 Sep
Upcoming
Registrar Details
Bigshare Services Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
8657578989/8069219065/806921
Email
ipo@bigshareonline.com
Company Contact
Email
cs@raksantransformers.com
Phone
+91 8199946578
Address
Shop No. 16, Local Shopping Centre-3, Sector-8, Rohini, North Delhi, New Delhi, New Delhi, 110085
Grey Market Premium
LIVE
Current GMP
+₹25
+9.16% vs Issue Price
Issue Price
₹273
Est. Listing
₹298
Lot Size
400 shares
P&L / Lot
+₹10,000
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
1.31
Overall Sub.
⚠️ Moderate
3.87
QIB
0.35
Retail
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 3.87× 10,47,200 40,52,000 ₹110.62 Cr
NII / HNI (Total) 0.16× 7,86,000 1,27,200 ₹3.47 Cr
Retail Investors 0.35× 18,33,600 6,32,800 ₹17.28 Cr
Total ** 1.31× 36,66,800 48,12,000 ₹131.37 Cr
Market Maker * 2,76,000 2,76,000 ₹7.53 Cr
* Based on ₹273.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
10,47,200
NII
7,86,000
Retail
18,33,600
Market Maker
2,76,000
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Revenue363.63324.78162.52
PAT33.6020.387.59
EBITDA46.7229.5110.19
Net Worth77.4244.0723.70
Total Assets155.59117.9067.02
Reserves60.9443.2022.83
Borrowings20.7423.519.81
Key Financial Ratios
55.32
ROE
Return on Equity
46.72
ROCE
Return on Capital Employed
43.41
RONW
Return on Net Worth
9.25
PAT Margin
PAT / Revenue
12.87
EBITDA Mgn
EBITDA / Revenue
0.27
D/E Ratio
Debt to Equity
18.98
P/BV
Price to Book Value
20.39
Pre EPS
EPS Pre-Issue
16.08
Post EPS
EPS Post-Issue
13.39
Pre P/E
P/E Pre-Issue
16.98
Post P/E
P/E Post-Issue
About Raksan Transformers Ltd

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 initially focused on the repair and servicing of distribution and power transformers and subsequently commenced transformer manufacturing in 2005-06. It has since expanded its operations to two manufacturing facilities in Rai, Sonepat, Haryana.

As of March 31, 2026, the Company operates through two manufacturing units spread across approximately 2,025 sq. mtrs. and 1,012.5 sq. mtrs., with a combined installed production capacity of approximately 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. The facilities are equipped with machinery for core cutting, coil winding, assembly, tank fabrication, oil filtration, welding and testing. The Company also has in-house facilities for core cutting/slitting, wire or strip drawing and tank fabrication, along with an in-house testing laboratory for conducting routine and type tests.

Raksan Transformers serves a diverse customer base comprising government entities, power distribution corporations, public sector undertakings, utility companies, EPC contractors and industrial clients. The Company is an approved vendor for more than 20 entities, including power distribution corporations, PSUs and public utility companies. Its manufacturing process incorporates quality control measures at various stages and uses key raw materials such as CRGO steel, copper and aluminium conductors, transformer oil, insulating materials and fabricated transformer tanks. Its group company, SHR Powers Private Limited, manufactures transformer tanks/bodies, supporting the Company's backward integration and supply chain efficiency.

The Company's products are manufactured in compliance with applicable Bureau of Indian Standards (BIS) requirements, and the Company is authorized to use the ISI mark on applicable products. Several products are also certified under the Bureau of Energy Efficiency (BEE) STAR rating programme. The Company focuses on designing transformers according to customer-specific requirements, including voltage, power, climatic conditions, system configuration and sound levels.

As of June 30, 2026, the Company had 143 full-time employees, including 113 employees in production, along with personnel across designing and quality control, finance, purchase and stores, sales and marketing, and HR and administration.

Competitive Strengths

  • Strong order book.
  • Experienced promoters and management team.
  • Focus on quality assurance and regulatory compliance.
  • Established manufacturing facilities and in-house operations.
  • Track record of profitability and consistent financial performance.
  • Backward integration supporting supply chain and cost efficiency
  • Established relationships with government entities and power utilities.
     
Frequently Asked Questions
What is the issue price of Raksan Transformers Ltd IPO?
The issue price of Raksan Transformers Ltd IPO is ₹273 per share, face value ₹10.
What is the lot size?
Minimum lot size is 400 shares, requiring ₹109,200.
What are the IPO dates?
Opens 10 Sep 2026, closes 15 Sep 2026.
When is the listing date?
Tentative listing: 18 Sep 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹25, estimated listing ₹298 (+9.16%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Raksan Transformers Ltd IPO · Expected 16 Sep 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
16 Sep 2026
Refund Initiation
17 Sep 2026
Demat Credit
17 Sep 2026
Listing Date
18 Sep 2026
Quick Facts
Open
GMP Signal
Bullish
+₹25
+9.16%
Issue Price
₹273
Face ₹10
Lot Size
400
shares / lot
Min Amount
₹109,200
1 lot
Est. Listing
₹298
GMP +₹25
Subscription
Overall1.31×
QIB3.87×
NII0.16×
Retail0.35×
Key Dates
Open
10 Sep Done
Close
15 Sep Soon
Listing
18 Sep Soon
Registrar
Bigshare Services Pvt.Ltd
A
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