What is the GMP of Raksan Transformers IPO today?

The Grey Market Premium (GMP) for Raksan Transformers IPO is currently ₹11. With an upper price band of ₹273, the estimated listing price is ₹284 per share, reflecting an expected listing gain of ~4.03%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Raksan Transformers IPO?

The price band for Raksan Transformers IPO is ₹258 to ₹273 per equity share. The minimum lot size is 400 shares, which requires a minimum retail application investment of ₹1,09,200.

What are the important dates for Raksan Transformers IPO?

Raksan Transformers IPO opens for subscription on 2026-09-10T00:00:00 and closes on 2026-09-15T00:00:00. The basis of allotment is scheduled for 2026-09-16T00:00:00, and shares are expected to list on 2026-09-18T00:00:00 on BSE, NSE.

How can I check the allotment status for Raksan Transformers IPO?

You can check Raksan Transformers IPO allotment status on the registrar's official portal (Bigshare Services Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Raksan Transformers IPO?

Investors can apply for Raksan Transformers IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Raksan Transformers IPO open and close?

The IPO opens on 10 Sept 2026, and closes on 15 Sept 2026.

What is Raksan Transformers IPO price band?

The issue price band is ₹258.00 to ₹273.00 per equity share.

What is the Raksan Transformers IPO lot size?

The minimum lot size is 400 shares per application.

What is the Raksan Transformers IPO allotment date?

The allotment is scheduled on 16 Sept 2026.

Raksan Transformers IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

150.00 Cr

Price Band

₹258.00 - ₹273.00

Lot Size

400 Shares

Min Investment

₹2,18,400

GMP

₹11

Subscription

44.17x

₹4,754.74 Cr

10 Sept 2026

IPO Opens

COMPLETED

15 Sept 2026

IPO Closes

COMPLETED

16 Sept 2026

Basis of Allotment

COMPLETED

17 Sept 2026

Refunds

COMPLETED

17 Sept 2026

Demat Credit

COMPLETED

18 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

10 Sept 2026

IPO ClosesDONE

15 Sept 2026

Basis of AllotmentDONE

16 Sept 2026

RefundsDONE

17 Sept 2026

Demat CreditDONE

17 Sept 2026

ListingDONE

18 Sept 2026

About Raksan Transformers IPO

Raksan Transformers IPO open date is September 10, 2026 and the IPO will close on September 15, 2026. Raksan Transformers IPO is a Book built Issue. The company to raise around ₹150.50 crores via IPO that comprises fresh issue of ₹120.47 crores and offer for sale up to 11,00,000 equity shares with face value of ₹10 each.

Raksan Transformers IPO price band is ₹258 to ₹273 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Raksan Transformers IPO to list on BSE SME on September 18, 2026. The allotment of Raksan Transformers IPO date is September 16, 2026.

The company reported revenue of ₹363.63 crores in 2026 against ₹324.78 crores in 2025. The company reported profit of ₹33.60 crores in 2026 against profit of ₹20.38 crores in 2025.

IPO Details

Raksan Transformers IPO Details and Specifications
IPO Date	10 Sept 2026 to 15 Sept 2026
Face Value	₹10 Per Share
Price Band	₹258.00 - ₹273.00
Lot Size	400 Shares
Total Issue Size	Approx 150.00 Cr 55,12,800 Equity Shares
Fresh Issue	Approx 113.00 Cr 41,36,800 Equity Shares
Offer for Sale	Approx 30.00 Cr 11,00,000 Equity Shares
Retail Portion	35.01%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	18 Sept 2026
Listing At	BSE
Total Subscription Amount	₹4,754.74 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	26,17,200	49.98%
- Anchor	15,70,000	0.00%
- QIB (Ex. Anchor)	10,47,200	0.00%
NII	7,86,000	15.01%
- bNII > ₹10L	5,24,400	0.00%
- sNII < ₹10L	2,61,600	0.00%
Retail	18,33,600	35.01%
Market Maker	2,76,000	0.00%
Total	55,12,800	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	1,600	₹4,36,800
Individual investors (Retail) (Max)	2	1,600	₹4,36,800
S-HNI (Min)	3	2,400	₹6,55,200
S-HNI (Max)	9	7,200	₹19,65,600
B-HNI (Min)	10	8,000	₹21,84,000

About Company

Raksan Transformers, founded in July 1995, manufactures transformers with different voltage capacities. The firm makes a wide range of transformers, such as distribution transformers, power transformers, transformers for solar applications, and special-purpose transformers used in power generation, transmission, and distribution networks. Raksan started its business as a repair and servicing transformers, and later started making transformers from scratch and expanded its business with 2 manufacturing facilities in Rai, Sonepat, Haryana. Its products serve a wide range of customers, including government entities, power distribution corporations, public sector undertakings, utility companies, and EPC contractors. The company operates 2 manufacturing facilities equipped with machinery for core cutting, coil winding, assembly, tank fabrication, oil filtration, welding, and testing.

Contact Details

Shop No. 16,

Local Shopping Centre-3,

Sector-8, Rohini, North Delhi,

New Delhi, New Delhi, 110085

+91 8199946578

cs@raksantransformers.com

Visit Website

Registrar

Bigshare Services Pvt Ltd

8657578989/8069

ipo@bigshareonline.com

Lead Managers

Hem Securities Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
18-Sep-2026 06:00 PM	+₹11	₹284	+4.03%	₹4,400
17-Sep-2026 06:00 PM	+₹21	₹294	+7.69%	₹8,400
16-Sep-2026 06:00 PM	+₹50	₹323	+18.32%	₹20,000
15-Sep-2026 06:00 PM	+₹61	₹334	+22.34%	₹24,400
14-Sep-2026 06:00 PM	+₹30	₹303	+10.99%	₹12,000
12-Sep-2026 06:00 PM	+₹30	₹303	+10.99%	₹12,000
11-Sep-2026 06:00 PM	+₹28	₹301	+10.26%	₹11,200
10-Sep-2026 06:00 PM	+₹25	₹298	+9.16%	₹10,000
09-Sep-2026 06:00 PM	+₹25	₹298	+9.16%	₹10,000
08-Sep-2026 06:00 PM	+₹25	₹298	+9.16%	₹10,000
07-Sep-2026 06:00 PM	+₹0	₹273	+0.00%	₹0
06-Sep-2026 06:00 PM	+₹0	₹273	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	70.51x	10,47,200	7,38,38,072	₹2,015.78 Cr
NII	60.43x	7,86,000	4,75,01,160	₹1,296.78 Cr
bNII > ₹10L	71.80x	5,24,400	3,76,51,920	₹1,027.90 Cr
sNII < ₹10L	37.65x	2,61,600	98,49,240	₹268.88 Cr
Retail	28.66x	18,33,600	5,25,50,976	₹1,434.64 Cr
Market Maker	1.00x	2,76,000	2,76,000	₹7.53 Cr
Total	44.17x	39,42,800	17,41,66,208	₹4,754.74 Cr

Objects of the Issue

01 Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub- Tehsil Rai, Distt. Sonepat, Haryana : 71.91 Cr
02 To meet working capital requirements : 39.00 Cr
03 Repayment of certain borrowing availed by the Company, in part or full : 7.91 Cr
04 General Corporate Purpose : 4.32 Cr
05 Issue Expenses : - Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	363.63	324.78	162.52
Profit After Tax	33.60	20.38	7.59
EBITDA	46.72	29.51	10.19
NET Worth	77.42	44.07	23.70
Reserves and Surplus	60.94	43.20	22.83
Total Borrowing	20.74	23.51	9.81

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	₹46.72
Debt/Equity Ratio	[.]
Return on Net Worth (RoNW)	₹43.41
PAT Margin	9.25%
EBITDA Margin	12.87%
Net Asset Value (NAV)	₹46.97
Earning Per Share (EPS)	₹20.39(Basic)
Price/Earning P/E Ratio	N/A

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Supreme Power Equipment Limited	8.18	27.75	-	17.49	181.64
Shilchar Technologies Limited	138.25	29.47	-	32.22	651.94
Marsons Limited	2.69	49.63	-	21.28	245.03

Promoters and Holding Pattern

Sanjeev Kanda,Dievam Singh Kanda,Renu Kanda. is the company's promoter of Raksan Transformers.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	100.00%	73.61%
Others*	0.00%	26.39%

Frequently Asked Questions (FAQ)

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About Raksan Transformers IPO

The company reported revenue of ₹363.63 crores in 2026 against ₹324.78 crores in 2025. The company reported profit of ₹33.60 crores in 2026 against profit of ₹20.38 crores in 2025.

IPO Details

Raksan Transformers IPO Details and Specifications
IPO Date	10 Sept 2026 to 15 Sept 2026
Face Value	₹10 Per Share
Price Band	₹258.00 - ₹273.00
Lot Size	400 Shares
Total Issue Size	Approx 150.00 Cr 55,12,800 Equity Shares
Fresh Issue	Approx 113.00 Cr 41,36,800 Equity Shares
Offer for Sale	Approx 30.00 Cr 11,00,000 Equity Shares
Retail Portion	35.01%
Sale Type	Offer for sale
Issue Type	Book-Building IPO
Listing Date	18 Sept 2026
Listing At	BSE
Total Subscription Amount	₹4,754.74 Cr

Investor Category

Shares Offered

% Net Issue

QIB

26,17,200

49.98%

- Anchor

15,70,000

0.00%

- QIB (Ex. Anchor)

10,47,200

0.00%

NII

7,86,000

15.01%

- bNII > ₹10L

5,24,400

0.00%

- sNII < ₹10L

2,61,600

0.00%

Retail

18,33,600

35.01%

Market Maker

2,76,000

0.00%

Total

55,12,800

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

1,600

₹4,36,800

Individual investors (Retail) (Max)

1,600

₹4,36,800

S-HNI (Min)

2,400

₹6,55,200

S-HNI (Max)

7,200

₹19,65,600

B-HNI (Min)

8,000

₹21,84,000

About Company

Contact Details

Shop No. 16,

Local Shopping Centre-3,

Sector-8, Rohini, North Delhi,

New Delhi, New Delhi, 110085

+91 8199946578

cs@raksantransformers.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

18-Sep-2026 06:00 PM

+₹11

₹284

+4.03%

₹4,400

17-Sep-2026 06:00 PM

+₹21

₹294

+7.69%

₹8,400

16-Sep-2026 06:00 PM

+₹50

₹323

+18.32%

₹20,000

15-Sep-2026 06:00 PM

+₹61

₹334

+22.34%

₹24,400

14-Sep-2026 06:00 PM

+₹30

₹303

+10.99%

₹12,000

12-Sep-2026 06:00 PM

+₹30

₹303

+10.99%

₹12,000

11-Sep-2026 06:00 PM

+₹28

₹301

+10.26%

₹11,200

10-Sep-2026 06:00 PM

+₹25

₹298

+9.16%

₹10,000

09-Sep-2026 06:00 PM

+₹25

₹298

+9.16%

₹10,000

08-Sep-2026 06:00 PM

+₹25

₹298

+9.16%

₹10,000

07-Sep-2026 06:00 PM

+₹0

₹273

+0.00%

₹0

06-Sep-2026 06:00 PM

+₹0

₹273

+0.00%

₹0

Raksan Transformers IPO Details

About Raksan Transformers IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Raksan Transformers IPO open and close?

What is Raksan Transformers IPO price band?

What is the Raksan Transformers IPO lot size?

What is the Raksan Transformers IPO allotment date?

What is the Raksan Transformers IPO listing date?

What is the minimum investment required in Raksan Transformers IPO?

Join the discussion

Raksan Transformers IPO Details

About Raksan Transformers IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Frequently Asked Questions (FAQ)

When does the Raksan Transformers IPO open and close?

What is Raksan Transformers IPO price band?

What is the Raksan Transformers IPO lot size?

What is the Raksan Transformers IPO allotment date?

What is the Raksan Transformers IPO listing date?

What is the minimum investment required in Raksan Transformers IPO?

Join the discussion