Raksan Transformers IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.17 | 3.87 | 70.51 |
| NII | 0.41 | 0.16 | 60.46 |
| RII | 0.13 | 0.35 | 28.66 |
| Total | 0.49 | 1.31 | 47.43 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Raksan Transformers IPO minimum market lot is 800 shares with ₹2,18,400 application amount. The Raksan Transformers IPO is a SME IPO, and it is to be listed on BSE SME.
Business Overview
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.
Raksan Transformers IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Raksan Transformers IPO Review and Rating
- May Apply For Long-term View
Raksan Transformers IPO Form
How to apply for the Raksan Transformers IPO? You can apply for Raksan Transformers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Raksan Transformers IPO in the Invest section. The other option is you can apply for Raksan Transformers IPO via IPO forms downloaded online. Check out the Raksan Transformers forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
