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Raksan Transformers IPO
55.07xsubscribed

Raksan Transformers IPO

listed
₹2.06LMin. investment

Raksan Transformers Limited IPO Details

Price range₹258 – ₹273
IPO type
SME
Lot size400 shares
Issue size₹150Cr
Red Herring Prospectus
Read

Raksan Transformers IPO Subscription Status

Date
QIB
NII
Retail
Total
10-Sep-26
1.17 times (X)
1.22 times (X)
0.13 times (X)
0.57 times (X)
11-Sep-26
3.87X
1.54X
0.34X
1.62X
14-Sep-26
3.87X
1.55X
0.36X
1.63X
15-Sep-26
70.51X
182.98X
28.04X
55.07X

As on 10-Sep-26, 5:00 PM

Raksan Transformers IPO Timeline

  1. Pre-apply
    9 Sep 2026
  2. Bid start
    10 Sep 2026
  3. Bid end
    15 Sep 2026
  4. Allotment
    16 Sep 2026
  5. Release of funds
    17 Sep 2026
  6. Demat transfer
    17 Sep 2026
  7. Listing
    18 Sep 2026

About Raksan Transformers Limited

Raksan Transformers manufactures transformers of different voltages, and the product range includes distribution transformers, power transformers, solar application transformers, and special purpose transformers. It was registered in the year 1995, and it started out as a repair and servicing company for distribution and power transformers. The company has backwards-integrated itself into the supply chain because of its group company SHR Powers Private Limited, which is involved in the manufacturing of transformer tanks/bodies for the company's production process.
The company has two manufacturing units, and as of March 31, 2026, its capacity was about 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. Capacity utilisation was very high, with distribution transformers at 91.6% and power transformers at 95.1%. As of June 30, 2026, the company’s order book size was ₹329.68 crore on 83 orders in hand. The number of customers that the company has as of March 31, 2026, is around 121, and the company has been certified as a vendor by over 20 firms.
In terms of revenues, 50.7% of revenue came from the B2G category in FY26, whereas 49.2% came from the B2B category. In the case of products, distribution transformers up to 3150 KVA contributed 64.18% of revenue in FY26, whereas power transformers contributed 27.5%, while others contributed the rest, which included revenue from scrap sales and job works. In terms of geographies, 58.5% of revenue came from Uttar Pradesh in FY26, whereas 14.2% came from Bihar, 8.2% from Madhya Pradesh, 7.7% from Haryana and 6.9% from Jammu & Kashmir.

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Objectives of Raksan Transformers Limited IPO

Capital expenditure
51.50%
The company will utilise ₹62.13 crore to set up a manufacturing facility in Haryana
Working capital
29.10%
The company will utilise ₹35 crore to fund working capital requirements
General corporate purposes
13.30%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.
Repayment of loan
6.10%
The company will utilise ₹7.28 crore to repay outstanding borrowings

Raksan Transformers IPO Contact Details

Company NameRaksan Transformers Limited

How to apply for Raksan Transformers IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Raksan Transformers Limited IPO FAQs

Investors can apply for the Raksan Transformers IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Raksan Transformers IPO is 150 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Raksan Transformers IPO will be open between 2026-09-10 and 2026-09-15.
Raksan Transformers IPO allotment date is 2026-09-17. For Raksan Transformers IPO allotment status check, you can visit the website of the registrar of the IPO.
For Raksan Transformers IPO, the IPO registrar is BIGSHARE SERVICES PRIVATE LIMITED . You can check Raksan Transformers IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Raksan Transformers IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Raksan Transformers IPO lot size is 400 and minimum order quantity is 800.
Raksan Transformers IPO has set the price band for its IPO at 273 per equity share with a face value of 10.