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Detailed financials for this issue aren’t available yet.
| Application | Shares | Amount at ₹273 |
|---|---|---|
| Individual investor (min)minimum application | 800 | ₹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.
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.
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
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.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.
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 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.
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.