Raksan Transformers IPO Day 3: Subscription Closes Today, 15 September 2026
- September 15, 2026
- Posted by: Harsh Piplani
- Category: IPO
Raksan Transformers IPO closes today, 15 Sep 2026. Subscribed around 1.39x so far, past full subscription. Price band Rs 258-273. Lists on BSE SME.
Quick Answer
The Raksan Transformers IPO is on its final day of bidding on 15 September 2026, with the subscription window closing today. The issue has moved past full subscription, running at around 1.39 times as bidding continues. With bidding open until the end of today’s session, and the GMP for the issue having trended upward since opening, the final Raksan Transformers IPO subscription figure could move higher still before the deadline.
Raksan Transformers Limited, an ISO 9001:2015 certified transformer manufacturer, has reached the final day of its IPO subscription window today, 15 September 2026. The Raksan Transformers IPO opened on 10 September and is a book built SME issue worth about Rs 150.50 crore, comprising a fresh issue and an offer for sale. The shares are proposed to list on the BSE SME platform.
Demand for the issue has built through the bidding window, moving past full subscription to around 1.39 times as of today. With the closing session still underway, the final figure will depend on how much additional QIB, NII and retail demand arrives before the deadline.
Click Here – Get Free Investment Predictions
Raksan Transformers IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 10 September 2026 |
| Close Date | 15 September 2026 |
| Price Band | Rs 258 to Rs 273 per share |
| Lot Size | 400 shares (minimum bid 800 shares) |
| Issue Size | Rs 150.50 crore |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 16 September 2026 |
| Listing Date | 18 September 2026 |
Raksan Transformers IPO Subscription Status Day 3
Category wise QIB, NII and retail figures for the issue are updated through the BSE portal during today’s closing session. The table below reflects the current position ahead of the deadline.
| Investor Category | Subscription Status, Closing Day (15 Sep) |
|---|---|
| Qualified Institutional Buyers (QIB) | Updating through the session |
| Non-Institutional Investors (NII) | Updating through the session |
| Retail Individual Investors | Updating through the session |
| Overall | Around 1.39 times |
The issue has cleared full subscription heading into the close, and today’s final hours will determine the ultimate figure once bidding shuts. Investors should check the live BSE numbers for the latest position.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Raksan Transformers IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 258 to Rs 273 band, with a minimum bid of 800 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue closes today having moved past full subscription, running at around 1.39 times so far. Investors considering the issue should review the company financials and SME liquidity risks in the RHP on bseindia.com, and apply only after independent due diligence before the window shuts today.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Raksan Transformers IPO subscription status on Day 3?
Ans. On the closing day, 15 September 2026, the issue is running at around 1.39 times overall, past full subscription, with figures updating through today’s final session.
When does the Raksan Transformers IPO close?
Ans. The issue closes for subscription today, 15 September 2026, having opened on 10 September 2026.
What is the Raksan Transformers IPO price band and lot size?
Ans. The issue price band is Rs 258 to Rs 273 per share, with a lot size of 400 shares, taking the minimum investment to about Rs 2,18,400 for two lots.
Is the Raksan Transformers IPO fully subscribed?
Ans. Yes, the issue has crossed full subscription, running at around 1.39 times as bidding continues on the closing day, with the final figure to be confirmed once the window shuts today.
What is the Raksan Transformers IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Raksan Transformers IPO before it closes?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid with a minimum of 800 shares and approving the UPI mandate before today’s cut off.
When will the Raksan Transformers IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 16 September 2026, with listing on the BSE SME platform tentatively scheduled for 18 September 2026.
What is the reservation split in the Raksan Transformers IPO?
Ans. The issue reserves around 50 percent of the net offer for qualified institutional buyers, about 15 percent for non-institutional investors, and roughly 35 percent for retail individual investors.
What does Raksan Transformers Limited do?
Ans. Raksan Transformers Limited manufactures distribution transformers, power transformers, transformers for solar applications and special purpose transformers, serving power utilities and industrial customers.
