← All IPOs

Raksan Transformers IPO Dates

SMEListed
RAKSAN · Manufacturing · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Raksan Transformers IPO Details

RegistrarBIG SHARE SERVICES PRIVATE LIMITED
Lead managersHEM SECURITIES LIMITED
Offer documentDraft (DRHP)
Fresh issue₹120.47 Cr
Offer for sale₹30.03 Cr

Raksan Transformers Financials ₹ in crore

Detailed financials for this issue aren’t available yet.

Raksan Transformers IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹273
Individual investor (min)minimum application800₹2,18,400

The minimum application is 800 shares, ₹2,18,400 at the ₹273 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

About Raksan Transformers

Raksan Transformers Limited is an ISO 9001:2015 certified company engaged in the manufacturing of transformers across different voltage ratings. Its product offerings include distribution transformers, power transformers, transformers for solar applications, and special purpose transformers. The company was incorporated in 1995 and is headquartered in New Delhi, Delhi.

Raksan Transformers IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (6)
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 company has experienced and strong promoters and management team with extensive experience in the transformer industry.
The company maintains a strong track record of financial performance, demonstrating operational efficiency and consistent profitability.
The company has a diversified product range including distribution, power, solar, and special purpose transformers.
▼ Risk factors (8)
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 company is subject to strict quality requirements, and an inability to maintain quality could lead to recalls, warranty claims, or penalties.
The company's business inherently requires significant working capital, and any shortfall could adversely impact operations and profitability.
The company operates in a highly competitive market with relatively low entry barriers, facing competition from manufacturers of transformers and other electrical equipment.
The company's reliance on a limited number of raw material suppliers and volatility in their pricing may adversely affect its business.
The company's manufacturing facilities are subject to operating risks, and disruptions could adversely affect production schedules and costs.

Raksan Transformers IPO Dates timeline · IST

Issue opens
Thu, 10 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Tue, 15 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Wed, 16 Sept, 2026
By BIG SHARE SERVICES; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 17 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Fri, 18 Sept, 2026
NSE SME · trading from 10:00 am IST

Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.

How to check Raksan Transformers IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Raksan Transformers, the registrar is BIG SHARE SERVICES PRIVATE LIMITED — allotment is finalised in the days between the issue closing on 15 Sept 2026 and listing on 18 Sept 2026.

RegistrarBIG SHARE SERVICES PRIVATE LIMITED
You will needPAN, application number or demat ID
Issue closes15 Sept 2026
Listing date18 Sept 2026

The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.

Raksan Transformers IPO Dates FAQs

When does Raksan Transformers IPO open and close?

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.

What is the Raksan Transformers IPO listing date?

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.

How do I apply for Raksan Transformers IPO?

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.

What is the last date to apply for Raksan Transformers IPO?

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.

Raksan Transformers IPO Registrar where allotment and refund queries go

RegistrarBIG SHARE SERVICES PRIVATE LIMITED

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Raksan Transformers IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (15 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, BIG SHARE SERVICES PRIVATE LIMITED, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹11 on a ₹273 upper band means the grey market is dealing at ₹284.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.