{"id":239290,"date":"2026-09-10T09:22:22","date_gmt":"2026-09-10T03:52:22","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=239290"},"modified":"2026-09-10T09:22:22","modified_gmt":"2026-09-10T03:52:22","slug":"raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/","title":{"rendered":"Raksan Transformers IPO Day 1: Subscription Opens Today, 10 September 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Raksan Transformers IPO opens today, 10 Sep 2026, closes 15 Sep 2026. Price band Rs 258-273. Lot size 400 shares. Lists on BSE SME on 18 Sep.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Raksan Transformers IPO opens for subscription today, 10 September 2026, and will remain open until 15 September 2026. Raksan Transformers Limited is an ISO 9001:2015 certified manufacturer of distribution, power and solar application transformers, and is raising about Rs 150.50 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 258 to Rs 273 per share, with a lot size of 400 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the day progresses, so investors should track the live numbers through the session before deciding.<\/p>\n<\/p><\/div>\n<p>Raksan Transformers Limited has opened its IPO for subscription today, 10 September 2026. The Raksan Transformers IPO is a book built SME issue worth about Rs 150.50 crore, comprising a fresh issue of about Rs 120.47 crore and an offer for sale of about Rs 30.03 crore by promoter Sanjeev Kanda, and will remain open for bidding until 15 September 2026, a six day window spanning the coming weekend. The equity shares are proposed to be listed on the BSE SME platform.<\/p>\n<p>The company manufactures distribution transformers, power transformers, transformers for solar applications and special purpose transformers used in power generation, transmission and distribution networks, and has established relationships with power utilities, EPC contractors and government entities, serving as an approved vendor for more than 20 organisations. The fresh issue proceeds of the Raksan Transformers IPO are earmarked for working capital and general corporate purposes.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=raksan-transformers-ipo-day1\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#Raksan_Transformers_IPO_Details\" title=\"Raksan Transformers IPO Details\">Raksan Transformers IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#Raksan_Transformers_IPO_Quick_Facts\" title=\"Raksan Transformers IPO Quick Facts\">Raksan Transformers IPO Quick Facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#Raksan_Transformers_IPO_Share_Reservation\" title=\"Raksan Transformers IPO Share Reservation\">Raksan Transformers IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#Raksan_Transformers_IPO_Subscription_Status_Day_1\" title=\"Raksan Transformers IPO Subscription Status Day 1\">Raksan Transformers IPO Subscription Status Day 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#How_to_Apply_for_the_Raksan_Transformers_IPO\" title=\"How to Apply for the Raksan Transformers IPO\">How to Apply for the Raksan Transformers IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#About_Raksan_Transformers_Limited\" title=\"About Raksan Transformers Limited\">About Raksan Transformers Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#What_is_the_Raksan_Transformers_IPO_subscription_status_on_Day_1\" title=\"What is the Raksan Transformers IPO subscription status on Day 1?\">What is the Raksan Transformers IPO subscription status on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#When_does_the_Raksan_Transformers_IPO_open_and_close\" title=\"When does the Raksan Transformers IPO open and close?\">When does the Raksan Transformers IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#What_is_the_Raksan_Transformers_IPO_price_band_and_lot_size\" title=\"What is the Raksan Transformers IPO price band and lot size?\">What is the Raksan Transformers IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#What_is_the_issue_size_and_structure_of_the_Raksan_Transformers_IPO\" title=\"What is the issue size and structure of the Raksan Transformers IPO?\">What is the issue size and structure of the Raksan Transformers IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#How_are_shares_reserved_across_investor_categories_in_the_Raksan_Transformers_IPO\" title=\"How are shares reserved across investor categories in the Raksan Transformers IPO?\">How are shares reserved across investor categories in the Raksan Transformers IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#What_is_the_Raksan_Transformers_IPO_GMP\" title=\"What is the Raksan Transformers IPO GMP?\">What is the Raksan Transformers IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#How_do_I_apply_for_the_Raksan_Transformers_IPO\" title=\"How do I apply for the Raksan Transformers IPO?\">How do I apply for the Raksan Transformers IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#When_will_the_Raksan_Transformers_IPO_be_allotted_and_listed\" title=\"When will the Raksan Transformers IPO be allotted and listed?\">When will the Raksan Transformers IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#What_does_Raksan_Transformers_Limited_do\" title=\"What does Raksan Transformers Limited do?\">What does Raksan Transformers Limited do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/raksan-transformers-initial-public-offering-day-1-subscription-10-september-2026\/#Who_are_the_registrar_and_lead_manager_for_the_Raksan_Transformers_IPO\" title=\"Who are the registrar and lead manager for the Raksan Transformers IPO?\">Who are the registrar and lead manager for the Raksan Transformers IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Raksan_Transformers_IPO_Details\"><\/span><strong>Raksan Transformers IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the issue, including the price band, lot size and important dates.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>10 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>15 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Face Value<\/strong><\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 258 to Rs 273 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>400 shares (minimum bid 800 shares)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 150.50 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue, SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>16 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>18 September 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Raksan_Transformers_IPO_Quick_Facts\"><\/span><strong>Raksan Transformers IPO Quick Facts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Particulars<\/th>\n<th>Snapshot<\/th>\n<\/tr>\n<tr>\n<td>Minimum retail investment<\/td>\n<td>Rs 2,18,400 (2 lots, 800 shares)<\/td>\n<\/tr>\n<tr>\n<td>Minimum HNI investment<\/td>\n<td>Rs 3,27,600 (3 lots, 1,200 shares)<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Bigshare Services Pvt Ltd<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Hem Securities Ltd<\/td>\n<\/tr>\n<\/table>\n<p>This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Raksan_Transformers_IPO_Share_Reservation\"><\/span><strong>Raksan Transformers IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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, alongside a separate market maker reservation. Retail bidders must apply for a minimum of 2 lots, or 800 shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Raksan_Transformers_IPO_Subscription_Status_Day_1\"><\/span><strong>Raksan Transformers IPO Subscription Status Day 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bidding for the issue has opened today, 10 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription Status, Day 1 (10 Sep)<\/th>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors (NII)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>Bidding just opened, updating through the session<\/strong><\/td>\n<\/tr>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Raksan_Transformers_IPO\"><\/span><strong>How to Apply for the Raksan Transformers IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>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, in multiples of 400 shares, with a minimum bid of 800 shares.<\/li>\n<li>Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 15 September.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue on its opening day.<\/em><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Raksan_Transformers_Limited\"><\/span><strong>About Raksan Transformers Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Raksan Transformers Limited is an ISO 9001:2015 certified manufacturer of distribution transformers, power transformers, solar application transformers and other special purpose units used in electricity transmission and distribution. The company is promoted by Sanjeev Kanda, Dievam Singh Kanda and Renu Kanda, is an approved vendor for more than 20 power utilities, PSUs and industrial customers, and has reported steady revenue and profit growth ahead of the issue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has opened for bidding today, 10 September 2026, backed by an established vendor relationship base in the power transmission and distribution sector. Investors considering the issue should study the company&#8217;s order concentration, raw material cost exposure and SME liquidity risks alongside the financials in the RHP on bseindia.com, and apply only after independent due diligence.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Raksan_Transformers_IPO_subscription_status_on_Day_1\"><\/span><strong>What is the Raksan Transformers IPO subscription status on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for bidding today, 10 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE as the day progresses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Raksan_Transformers_IPO_open_and_close\"><\/span><strong>When does the Raksan Transformers IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for subscription today, 10 September 2026, and will close on 15 September 2026, a six day window that spans the coming weekend.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Raksan_Transformers_IPO_price_band_and_lot_size\"><\/span><strong>What is the Raksan Transformers IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue price band is Rs 258 to Rs 273 per share, with a lot size of 400 shares. Retail investors must apply for a minimum of 2 lots, or 800 shares, taking the minimum investment to about Rs 2,18,400 at the upper price band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_and_structure_of_the_Raksan_Transformers_IPO\"><\/span><strong>What is the issue size and structure of the Raksan Transformers IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is worth about Rs 150.50 crore, comprising a fresh issue of about Rs 120.47 crore and an offer for sale of about Rs 30.03 crore by promoter Sanjeev Kanda.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_are_shares_reserved_across_investor_categories_in_the_Raksan_Transformers_IPO\"><\/span><strong>How are shares reserved across investor categories in the Raksan Transformers IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Raksan_Transformers_IPO_GMP\"><\/span><strong>What is the Raksan Transformers IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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, especially this early in the bidding window.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Raksan_Transformers_IPO\"><\/span><strong>How do I apply for the Raksan Transformers IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 400 shares with a minimum of 800 shares, and your price within the Rs 258 to Rs 273 band, then approve the UPI mandate before the daily cut off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Raksan_Transformers_IPO_be_allotted_and_listed\"><\/span><strong>When will the Raksan Transformers IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue allotment is expected to be finalised on 16 September 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 18 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Raksan_Transformers_Limited_do\"><\/span><strong>What does Raksan Transformers Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Raksan Transformers Limited manufactures distribution transformers, power transformers, transformers for solar applications and special purpose transformers, serving power utilities, EPC contractors and industrial customers as an approved vendor for more than 20 entities.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_registrar_and_lead_manager_for_the_Raksan_Transformers_IPO\"><\/span><strong>Who are the registrar and lead manager for the Raksan Transformers IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bigshare Services Pvt Ltd is the registrar for the issue, and Hem Securities Ltd is the book running lead manager for the issue.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for bidding today, 10 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on BSE as the day progresses.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue open and close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for subscription today, 10 September 2026, and will close on 15 September 2026, a six day window that spans the coming weekend.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue price band is Rs 258 to Rs 273 per share, with a lot size of 400 shares. Retail investors must apply for a minimum of 2 lots, or 800 shares, taking the minimum investment to about Rs 2,18,400 at the upper price band.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue size and structure of the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue is worth about Rs 150.50 crore, comprising a fresh issue of about Rs 120.47 crore and an offer for sale of about Rs 30.03 crore by promoter Sanjeev Kanda.\"}},{\"@type\":\"Question\",\"name\":\"How are shares reserved across investor categories in the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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, especially this early in the bidding window.\"}},{\"@type\":\"Question\",\"name\":\"How do I apply for the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 400 shares with a minimum of 800 shares, and your price within the Rs 258 to Rs 273 band, then approve the UPI mandate before the daily cut off.\"}},{\"@type\":\"Question\",\"name\":\"When will the issue be allotted and listed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue allotment is expected to be finalised on 16 September 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 18 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What does Raksan Transformers Limited do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Raksan Transformers Limited manufactures distribution transformers, power transformers, transformers for solar applications and special purpose transformers, serving power utilities, EPC contractors and industrial customers as an approved vendor for more than 20 entities.\"}},{\"@type\":\"Question\",\"name\":\"Who are the registrar and lead manager for the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bigshare Services Pvt Ltd is the registrar for the issue, and Hem Securities Ltd is the book running lead manager for the issue.\"}}]}<\/script><\/div>\n<div class=\"article-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Article\",\"headline\":\"The issue Day 1 Subscription Status 10 Sep 2026\",\"description\":\"The issue opens today, 10 September 2026. 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