Raksan Transformers IPO
Raksan Transformers, founded in July 1995, manufactures transformers with different voltage capacities. The firm makes a wide range of transformers, such as distribution transformers, power transformers, transformers for solar applications, and special-purpose transformers used in power generation, transmission, and distribution networks.
IPO GMP
+₹11
+4% expected gain
Price Band
₹258 - ₹273
Lot Size
800 shares
Min Investment
₹2,18,400
Listing Date
September 18, 2026
About Raksan Transformers
Company overview, business, and key facts.
Raksan Transformers, founded in July 1995, manufactures transformers with different voltage capacities. The firm makes a wide range of transformers, such as distribution transformers, power transformers, transformers for solar applications, and special-purpose transformers used in power generation, transmission, and distribution networks.
Raksan started its business as a repair and servicing transformers, and later started making transformers from scratch and expanded its business with 2 manufacturing facilities in Rai, Sonepat, Haryana. Its products serve a wide range of customers, including government entities, power distribution corporations, public sector undertakings, utility companies, and EPC contractors. The company operates 2 manufacturing facilities equipped with machinery for core cutting, coil winding, assembly, tank fabrication, oil filtration, welding, and testing.
Founded
1995
Headquarters
New Delhi
Promoters
Sanjeev Kanda, Dievam Singh Kanda, Renu Kanda
Website
http://www.raksantransformers.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Raksan Transformers IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹570.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
17x
Peer median 29.5x (discount of 42.4%)
Price to sales
1.57x
Revenue growth, 2026
+12%
49.6% a year over the period
Profit growth, 2026
+64.9%
110.4% a year over the period
Profit margin (PAT)
9.2%
EBITDA margin 12.87%
ROE / ROCE
55.32% / 46.72%
As published in the offer document
Promoter holding
100% → 73.61%
Before → after the IPO
Issue mix
80% fresh / 20% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹8,800
800 shares on ₹2,18,400. GMP is unofficial.
What stands out
- Profit grew 64.9% in 2026.
- Priced at a 42.4% discount to the peer median P/E of 29.5.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
- GMP has fallen 82% from its peak of ₹61 to ₹11.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Raksan Transformers's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Raksan Transformers IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Raksan Transformers IPO is trading at a grey market premium (GMP) of +₹11 (+4% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 43.82x overall — QIB: 70.51x, NII: 44.96x, Retail: 27.92x.
Raksan Transformers IPO subscription has closed. The shares are expected to list on September 18, 2026.
The minimum investment required is ₹2,18,400 for 800 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Raksan Transformers IPO — Frequently Asked Questions
What is Raksan Transformers IPO GMP today?
Raksan Transformers IPO GMP (grey market premium) today is +₹11, suggesting an estimated listing gain of +4%. GMP is indicative and subject to change.
What is the price band of Raksan Transformers IPO?
The price band for Raksan Transformers IPO is ₹258 - ₹273 with a lot size of 800 shares. The minimum investment required is ₹2,18,400.
When is Raksan Transformers IPO allotment date?
Raksan Transformers IPO allotment is expected to be finalised on September 16 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt.Ltd.) using your PAN number.
When will Raksan Transformers IPO list on NSE/BSE?
Raksan Transformers IPO is expected to list on BSE SME on September 18, 2026.
How to check Raksan Transformers IPO allotment status?
To check Raksan Transformers IPO allotment status, visit the registrar's website (Bigshare Services Pvt.Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Raksan Transformers IPO?
Raksan Transformers IPO has a GMP of +₹11. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Raksan Transformers IPO?
The lot size for Raksan Transformers IPO is 800 shares per lot. The minimum investment for retail investors is ₹2,18,400. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.