Raksan Transformers is an SME IPO scheduled to open on 10 Sept 2026 and close on 15 Sept 2026, priced at ₹258 – ₹273 per share, minimum lot 400 shares (~₹2,18,400 for retail). Proposed listing on NSE, BSE on 18 Sept 2026.
About Raksan Transformers
Raksan Transformers is a manufacturer of electrical transformers across various voltage ratings, serving the power generation, transmission, and distribution sectors. The company’s core product portfolio encompasses distribution transformers, power transformers, inverter-duty transformers for solar applications, and special-purpose transformers. These products facilitate the efficient transmission and distribution of electrical energy across diverse industrial and infrastructure projects. The business primarily generates revenue by supplying its products to B2B and B2G clients, with a significant portion of its sales originating from government-controlled entities, public utilities, and state electricity boards. Operating out of its manufacturing facilities in Sonipat, Haryana, the company possesses an annual installed production capacity of 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. Its operations span multiple Indian states, with a major market concentration in Uttar Pradesh, Bihar, and Madhya Pradesh.
Raksan Transformers IPO Details
| IPO Type | SME |
| Price Band | ₹258 – ₹273 per share |
| Lot Size | 400 shares · ~₹2,18,400 for retail |
| Grey Market Premium (GMP) | Not available yet |
| Total Issue Size | ₹150.50 crore |
| Listing At | NSE, BSE |
Raksan Transformers IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 Sept 2026 |
| IPO Close Date | 15 Sept 2026 |
| Basis of Allotment | 16 Sept 2026 |
| Refund / UPI Mandate Release | 17 Sept 2026 |
| Credit of Shares to Demat | 17 Sept 2026 |
| Listing Date | 18 Sept 2026 |
Raksan Transformers IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 800 | ₹2,18,400 |
| HNI | 3 – 9 | 1,200 – 3,600 | ₹3,27,600 – ₹9,82,800 |
Raksan Transformers IPO GMP (Grey Market Premium)
The latest grey market premium for Raksan Transformers is Not available yet. GMP is an unofficial, over-the-counter figure that can change through the day and is not endorsed by SEBI or the exchanges.
Raksan Transformers — Strengths
- Established in-house manufacturing operations for varied transformer capacities.
- Robust order book demonstrating strong demand and future revenue visibility.
- Proven track record of consistent financial performance and profitability.
- Deeply rooted relationships with key government and public utility clients.
- Experienced promoter and management team guiding strategic growth.
Raksan Transformers — Risks
- High reliance on government contracts exposes the business to policy shifts and tender delays.
- Significant revenue concentration stems from a limited number of key clients.
- Volatility in raw material prices can adversely impact overall profitability.
- Working capital constraints and payment delays may disrupt operations and future growth plans.
- Operations are heavily concentrated in a few specific states, increasing regional risks.
Raksan Transformers IPO Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Repayment Of Borrowings | 7.28 (6.04%) |
| Working Capital | 35 (29.05%) |
| General Corporate Purpose | 16.05 (13.33%) |
More on Raksan Transformers IPO
- Raksan Transformers IPO — live GMP, subscription & allotment status
- Raksan Transformers IPO listing gain calculator
- All SME IPOs
- Full IPO list with GMP
Allotment and listing-gain details will be published here once available. This article is for information only and is not investment advice. Read the RHP and consider your own risk profile before investing.
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