Raksan Transformers IPO Day 2: Subscription Status on 11 September 2026

The Raksan Transformers IPO has entered Day 2 of its bidding window, which opened on 10 September and closes on 15 September 2026, a six day window spanning the coming weekend. Raksan Transformers Limited, an ISO 9001:2015 certified transformer manufacturer, is raising about Rs 150.50 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on the BSE SME platform.

With Day 1 bidding data still being consolidated by exchange trackers, the clearest read on demand for the issue will come from today's session and the remaining days before the 15 September close. QIB, NII and retail bids will all factor into how the book ultimately closes.

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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 2

Category wise QIB, NII and retail figures for the issue are updated through the BSE portal during the session. The table below reflects the current position as bidding continues into Day 2.

Investor Category	Subscription Status, Day 2 (11 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	Updating through the session

With four sessions still remaining before the 15 September close, there is ample time for demand for the issue to build across all categories. 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

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, with a minimum bid of 800 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 15 September.

Download the Univest iOS App or Univest Android App to apply for the issue before the 15 September close.

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 is on Day 2 of bidding, with four sessions still remaining before the 15 September close for demand across all categories to build. 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.

FAQs

What is the Raksan Transformers IPO subscription status on Day 2?

Ans. The issue is in its second day of bidding on 11 September 2026, and category wise QIB, NII and retail figures are updating through today's session on BSE.

When does the Raksan Transformers IPO close?

Ans. The issue closes for subscription on 15 September 2026, having opened on 10 September 2026, a six day window spanning 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.

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, entering your bid in multiples of 400 shares with a minimum of 800 shares, and approving 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, with listing on the BSE SME platform tentatively scheduled for 18 September 2026.

What does Raksan Transformers Limited do?

Ans. Raksan Transformers Limited manufactures distribution transformers, power transformers, solar application transformers and special purpose transformers, serving power utilities, EPC contractors and industrial customers.