Raksan Transformers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Upcoming
Dates
Sep 10 to Sep 15 2026
Price Band
₹258 - 273
Current GMP
₹25 (9.16%)
Subscription
0
IPO Details
| IPO Date | 10 to 15 Sep, 2026 |
| Listing Date | Fri, Sep 18, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹258 to ₹273 |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,12,800 shares (agg. up to ₹ 150 Cr) |
| Reserved for Market Maker | 2,76,000 shares (agg. up to ₹ 8 Cr) Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 41,36,800 shares (agg. up to ₹ 113 Cr) |
| Offer for Sale | 11,00,000 shares of ₹ 10 (agg. up to ₹ 30 Cr) |
| Net Offered to Public | 52,36,800 shares (agg. up to ₹ 143 Cr) |
| Share Holding Pre Issue | 1,64,80,600 shares |
| Share Holding Post Issue | 2,08,93,400 shares |
IPO Date
10 to 15 Sep, 2026
Listing Date
Fri, Sep 18, 2026
Face Value
₹ 10 per share
Price Band
₹258 to ₹273
Lot Size
400 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
55,12,800 shares (agg. up to ₹ 150 Cr)
Reserved for Market Maker
2,76,000 shares (agg. up to ₹ 8 Cr) Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)
41,36,800 shares (agg. up to ₹ 113 Cr)
Offer for Sale
11,00,000 shares of ₹ 10 (agg. up to ₹ 30 Cr)
Net Offered to Public
52,36,800 shares (agg. up to ₹ 143 Cr)
Share Holding Pre Issue
1,64,80,600 shares
Share Holding Post Issue
2,08,93,400 shares
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 09-09-2026 | 273 | 25 (9.16%) | 298 |
| 08-09-2026 | 273 | 25 (9.16%) | 298 |
| 07-09-2026 | 273 | 0 (0%) | 273 |
GMP Date09-09-2026
IPO Price273
GMP25 (9.16%)
Est. Listing Price298
GMP Date08-09-2026
IPO Price273
GMP25 (9.16%)
Est. Listing Price298
GMP Date07-09-2026
IPO Price273
GMP0 (0%)
Est. Listing Price273
IPO Important Dates
| IPO Open | Thu, Sep 10, 2026 |
| IPO Close | Tue, Sep 15, 2026 |
| Allotment | Wed, Sep 16, 2026 |
| Refund | Thu, Sep 17, 2026 |
| Credit of Shares | Thu, Sep 17, 2026 |
| Listing | Fri, Sep 18, 2026 |
IPO Open
Thu, Sep 10, 2026
IPO Close
Tue, Sep 15, 2026
Allotment
Wed, Sep 16, 2026
Refund
Thu, Sep 17, 2026
Credit of Shares
Thu, Sep 17, 2026
Listing
Fri, Sep 18, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 800 | ₹2,18,400 |
| Individual investors (IND) (Max) | 2 | 800 | ₹2,18,400 |
| S-HNI (Min) | 3 | 1200 | ₹3,27,600 |
| S-HNI (Max) | 9 | 3600 | ₹9,82,800 |
| B-HNI (Min) | 10 | 4000 | ₹10,92,000 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares800
Amount₹2,18,400
ApplicationIndividual investors (IND) (Max)
Lots2
Shares800
Amount₹2,18,400
ApplicationS-HNI (Min)
Lots3
Shares1200
Amount₹3,27,600
ApplicationS-HNI (Max)
Lots9
Shares3600
Amount₹9,82,800
ApplicationB-HNI (Min)
Lots10
Shares4000
Amount₹10,92,000
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 155.59 | 117.90 | 67.02 |
| 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 |
Period EndedAssets
31 Mar 2026155.59
31 Mar 2025117.90
31 Mar 202467.02
Period EndedTotal Income
31 Mar 2026363.63
31 Mar 2025324.78
31 Mar 2024162.52
Period EndedProfit After Tax
31 Mar 202633.60
31 Mar 202520.38
31 Mar 20247.59
Period EndedEBITDA
31 Mar 202646.72
31 Mar 202529.51
31 Mar 202410.19
Period EndedNET Worth
31 Mar 202677.42
31 Mar 202544.07
31 Mar 202423.70
Period EndedReserves and Surplus
31 Mar 202660.94
31 Mar 202543.20
31 Mar 202422.83
Period EndedTotal Borrowing
31 Mar 202620.74
31 Mar 202523.51
31 Mar 20249.81
Key Performance Indicator
| ROE | 55.32% |
| ROCE | 46.72% |
| Debt/Equity | 0.27 |
| RoNW | 43.41% |
| PAT Margin | 9.25% |
| EBITDA Margin | 12.87% |
| NAV | 14.38 |
| Price to Book Value | 18.98 |
ROE
55.32%
ROCE
46.72%
Debt/Equity
0.27
RoNW
43.41%
PAT Margin
9.25%
EBITDA Margin
12.87%
NAV
14.38
Price to Book Value
18.98
IPO Reservation
| QIB | 26,17,200 |
| − Anchor Investor | 15,70,000 |
| − QIB (Ex. Anchor) | 10,47,200 |
| NII (HNI) | 78,60,000 |
| Retail | 18,33,600 |
| Market Maker | 2,76,000 |
| Total | 1,25,86,800 |
QIB
26,17,200
− Anchor Investor
15,70,000
− QIB (Ex. Anchor)
10,47,200
NII (HNI)
78,60,000
Retail
18,33,600
Market Maker
2,76,000
Total
1,25,86,800
Information about company
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
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana
2: To meet working capital requirements
3: Repayment of certain borrowing availed by the Company, in part or full
4: General Corporate Purposes
: Total
Disclaimer
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