Should You Apply to Raksan Transformers IPO? GMP ₹25, Subscription & Verdict

Raksan Transformers opened for subscription on 10 Sept and closes on 15 Sept 2026. GMP is ₹25 (about 9.2% over the cap price), and the issue is 0.45x subscribed so far.

Raksan Transformers IPO Subscription Status

Updated through the bidding window; final numbers settle after the issue closes.

Raksan Transformers IPO GMP (Grey Market Premium)

The latest grey market premium for Raksan Transformers is ₹61 (about 22.3% over the cap price). GMP is an unofficial, over-the-counter figure that can change through the day and is not endorsed by SEBI or the exchanges.

Should You Apply to Raksan Transformers IPO?

As things stand, the grey market premium points to a listing near ₹298 (about 9.2%), the issue is subscribed 0.45x overall so far, retail is at 0.13x. In the company's favour: Established in-house manufacturing operations for varied transformer capacities. The main risk to weigh: High reliance on government contracts exposes the business to policy shifts and tender delays. Judge the price against the company's earnings and your holding period, not the GMP alone.

How to Apply for Raksan Transformers IPO

• Log in to your broker's IPO section and select Raksan Transformers.
• Bid at the cut-off price for the best chance of allotment (retail).
• Enter the number of lots (minimum 400 shares) and submit your UPI ID.
• Approve the mandate request in your UPI app before the cut-off time to block the funds.

Quick facts: Price band ₹258 – ₹273 · Lot 400 shares (~₹2,18,400) · Bidding 10 Sept – 15 Sept · Listing 18 Sept on NSE, BSE · Registrar Bigshare Services Pvt. Ltd.

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

This article is for information only and is not investment advice. Read the RHP and consider your own risk profile before investing.