Raksan Transformers IPO

No current grey market premium reading is being quoted for the Raksan Transformers IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

As of 17 Sept, 6:12 pm the Raksan Transformers IPO is subscribed 44.18× overall: QIB 70.51×, non-institutional 45.01× and retail 28.66×. Figures are the exchange's consolidated demand across NSE and BSE.

The retail portion is subscribed 28.66× as of 17 Sept, 6:12 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

Overall subscription at the end of each bidding day — day 1 (10 September 2026): 0.45×, day 2 (11 September 2026): 1.29×, day 3 (14 September 2026): 1.3×, day 4 (15 September 2026): 44.18×, day 5 (16 September 2026): 1.3×, day 6 (17 September 2026): 44.18× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment for the Raksan Transformers IPO is expected to be finalised on 16 September 2026, the trading day after the issue closes on 15 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 17 September 2026 and the shares list on 18 September 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, BIG SHARE SERVICES PRIVATE LIMITED — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Raksan Transformers IPO is BIG SHARE SERVICES PRIVATE LIMITED. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Raksan Transformers IPO opens on 10 September 2026 and closes on 15 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 18 September 2026 on NSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 10 September 2026 and 15 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹273); a UPI mandate must be approved by 5:00 pm on the closing day.

15 September 2026 is the last day of bidding. Allotment is then expected on 16 September 2026, refunds and demat credit on 17 September 2026, and listing on 18 September 2026 — tentative until confirmed.

The Raksan Transformers IPO price band is ₹258 to ₹273 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 800 shares, so a single application at the ₹273 cut-off costs ₹2,18,400. One lot already exceeds the ₹2,00,000 retail limit, so this issue can only be applied for in the HNI category.

₹2,18,400 — one lot of 800 shares at ₹273. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Raksan Transformers is an SME issue listing on NSE SME. SME issues have a larger minimum lot and trade on the exchange's SME platform after listing. The lead manager is HEM SECURITIES LIMITED.

The issue size is ₹150.5 crore, of which ₹120.47 crore is a fresh issue and ₹30.03 crore an offer for sale by existing shareholders.

The offer document for the Raksan Transformers IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

The company is ISO 9001:2015 certified with a focus on quality and reliability, supported by standardized manufacturing practices. The company has an established manufacturing facility with in-house operations and a strong order book. The company has established relationships with clients including government entities and power utilities. The page lists all 6 as disclosed.

The company derives a substantial portion of its revenue from government-controlled entities and public utilities, making it dependent on their policies and tendering processes. The company is significantly dependent on a few key customers, and the loss of one or more could adversely affect revenue and profitability. Delays in manufacturing, supply chain, or third-party execution may result in liquidated damages or order cancellations. The page lists all 8 disclosed risk factors.

The Raksan Transformers shares are scheduled to list on 18 September 2026 on NSE SME. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Raksan Transformers listed at ₹273, a gain of 0.0% on the ₹273 issue price.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.