Raksan Transformers IPO Day 1: Subscription Opens Today, 10 September 2026

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.

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.

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Raksan Transformers IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

Open Date	10 September 2026
Close Date	15 September 2026
Face Value	Rs 10 per share
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 Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 2,18,400 (2 lots, 800 shares)
Minimum HNI investment	Rs 3,27,600 (3 lots, 1,200 shares)
Registrar	Bigshare Services Pvt Ltd
Lead Manager	Hem Securities Ltd

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.

Raksan Transformers IPO Share Reservation

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.

Raksan Transformers IPO Subscription Status Day 1

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.

Investor Category	Subscription Status, Day 1 (10 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Raksan Transformers IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 15 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

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.

About Raksan Transformers Limited

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.

Conclusion

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'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.

FAQs

What is the Raksan Transformers IPO subscription status on Day 1?

Ans. 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.

When does the Raksan Transformers IPO open and close?

Ans. 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.

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. 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.

What is the issue size and structure of the Raksan Transformers IPO?

Ans. 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.

How are shares reserved across investor categories 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 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, especially this early in the bidding window.

How do I apply for the Raksan Transformers IPO?

Ans. 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.

When will the Raksan Transformers IPO be allotted and listed?

Ans. 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.

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, EPC contractors and industrial customers as an approved vendor for more than 20 entities.

Who are the registrar and lead manager for the Raksan Transformers IPO?

Ans. Bigshare Services Pvt Ltd is the registrar for the issue, and Hem Securities Ltd is the book running lead manager for the issue.