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RAKSANSMEOPENBSE

Raksan Transformers Limited

Total Issue: ₹150 Cr

Grey Market Premium
+₹30.00(+10.99%)
Indicative Listing: 303.00
Source: IPOAlerts • Updated 13/9/2026
Price Band & Minimums
Offer Price Band
₹258.00 - ₹273.00
Lot Size
400 shares
Min Investment
1,09,200
Subscription Status
1.29x
Oversubscribed
Snapshot as of Day 1
Estimated Listing Gain
+10.99%
Indicative listing: 303.00
Calculated from unofficial GMP, not an actual listing-day return.

Category-Wise Subscription Breakdown

Latest snapshot as of Day 1 · Overall 1.29x

QIB
3.87x
Day 1 bids
NII
0.38x
Day 1 bids
Retail
0.35x
Day 1 bids
Total
1.29x
Day 1 bids

Grey Market Premium (GMP) History

Real-time multi-observation premium trend line and daily price movements.

Latest GMP
+₹30.00
Peak GMP
+₹30.00
Observations
6 points
13 Sept:+₹30.00Est Gain: +11.0%
352617908 Sept9 Sept10 Sept11 Sept12 Sept13 Sept
Historical Daily Observations (6)
8 Sept
+₹25.00
9 Sept
+₹25.00
10 Sept
+₹25.71
11 Sept
+₹28.35
12 Sept
+₹30.00
13 Sept
+₹30.00

IPO Timeline & Schedule

Bidding Opens
2026-09-10
Bidding Closes
2026-09-15
Allotment Date
2026-09-16
Refunds Init
2026-09-17
Demat Credit
2026-09-17
Listing Date
2026-09-18

About Raksan Transformers Limited

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.

Key Business 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.

Key Risks & Challenges

  • 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.

Transparency & Informational Notice

Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.