RAKSAN TRANSFORMERS IPO
RAKSAN TRANSFORMERS is a SME IPO with a current status of OPEN. The price band is 258 - 273. The issue opens on 10 SEP and closes on 15 SEP. The listing date is 18 SEP.
Price Band
258 - 273
Unofficial GMP
₹30
Lot Size
400 shares
Minimum Investment
₹2,18,400
RAKSAN TRANSFORMERS IPO GMP
The latest available GMP is ₹30. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹303.00
Estimated Gain
+11.0%
RAKSAN TRANSFORMERS IPO GMP History
25
09 SEP
28
10 SEP
30
11 SEP
30
12 SEP
30
13 SEP
RAKSAN TRANSFORMERS IPO Details
- IPO Type
- SME
- Status
- OPEN
- Price Band
- 258 - 273
- Issue Size
- 150.50 CR
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹112.93 Cr
- Offer for Sale
- ₹30.03 Cr
- Face Value
- 10
- Lot Size
- 400
- Minimum Investment
- 2,18,400
- Exchange
- BSE SME
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead Managers
- Hem Securities Ltd.
- Market Maker
- ₹7.53 Cr
RAKSAN TRANSFORMERS IPO Dates
- Open Date
- 10 SEP
- Close Date
- 15 SEP
- Allotment Date
- 16 SEP
- Refund Date
- 17 SEP
- Demat Credit Date
- 17 SEP
- Listing Date
- 18 SEP
RAKSAN TRANSFORMERS IPO Subscription
- QIB
- 3.87x
- NII / HNI
- 0.16x
- Retail
- 0.35x
- Total
- 1.31x
RAKSAN TRANSFORMERS IPO Financials
Revenue
FY2026
₹363.11 Cr
+12.00% vs FY2025
PAT
FY2026
₹33.60 Cr
+64.87% vs FY2025
Total Assets
FY2026
₹155.59 Cr
+31.97% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 160.95 | 324.21 | 363.11 |
| Net Profit | 7.59 | 20.38 | 33.60 |
| Total Assets | 67.02 | 117.90 | 155.59 |
RAKSAN TRANSFORMERS IPO Valuation
- Market Cap (Post IPO)
- ₹570.39 Cr
- EPS
- 20.39x
- P/E Ratio
- 13.39x
- Price to Book Value
- 18.98
- ROE
- 55.32%
- ROCE
- 46.72%
- RONW
- 43.41%
- Debt / Equity
- 0.27%
- PAT Margin
- 9.25%
- EBITDA Margin
- 12.87%
- Valuation
- FAIR
RAKSAN TRANSFORMERS Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| Supreme Power Equipment Limited | -- | -- | 8.18 | 27.75 | -- | 17.49% | -- |
| Shilchar Technologies Ltd | -- | -- | 138.25 | 29.47 | -- | 32.22% | -- |
| Marsons Ltd | -- | -- | 2.69 | 49.63 | -- | 21.28% | -- |
RAKSAN TRANSFORMERS IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 800 | ₹2,18,400 |
| Retail Maximum | 2 | 800 | ₹2,18,400 |
| Small HNI | 3 | 1,200 | ₹3,27,600 |
| Big HNI | 10 | 4,000 | ₹10,92,000 |
RAKSAN TRANSFORMERS IPO Reservation
- QIB
- 49.98%
- NII / HNI
- 15.01%
- Retail
- 35.01%
RAKSAN TRANSFORMERS Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 100%
- Post-IPO Promoter Holding
- 73.61%
RAKSAN TRANSFORMERS Company Overview
Raksan Transformers Limited is an Indian transformer manufacturing company incorporated in 1995, with manufacturing operations at Rai, Sonipat, Haryana. The company is engaged in the design, development and manufacturing of transformers and related electrical equipment. Its product portfolio includes Power Transformers, Distribution Transformers, Special Purpose Transformers, Renewable Energy Transformers and Compact Substations (CSS). The company caters to sectors including power & energy, industrial manufacturing, renewable energy, infrastructure, railways, telecommunications and data centres. According to the company, it has approvals from 38+ DISCOMs/departments and has supplied more than 3 lakh transformers.
RAKSAN TRANSFORMERS Business Model
Raksan's core business is manufacturing and supplying transformers according to customer-specific voltage, capacity and operating requirements. It serves power utilities, EPC companies, industrial customers, renewable-energy companies and infrastructure developers. The company has in-house engineering/design capabilities, manufacturing infrastructure and testing facilities. Its portfolio ranges from distribution transformers to power transformers rated up to 20 MVA, along with transformers designed for renewable-energy and specialised industrial applications. This diversified product portfolio allows Raksan to participate in conventional power-distribution as well as renewable-energy infrastructure projects.
RAKSAN TRANSFORMERS Objects of the Issue
Purchase of machinery & equipment / Capital Expenditure ₹11.21 Cr Prepayment/repayment of certain outstanding borrowings ₹25.00 Cr Long-term working capital requirements ₹55.00 Cr General Corporate Purposes ₹28.11 Cr Net Fresh-Issue Proceeds ₹119.32 Cr These figures are reflected in the company's subsequent NSE filing on utilisation of IPO proceeds.
RAKSAN TRANSFORMERS Strengths
aksan has a 30+ year operating history in the transformer industry, giving it established manufacturing and engineering experience. Its broad product portfolio covering distribution, power, renewable-energy and specialised transformers reduces dependence on a single transformer category. Another strength is its established approvals and customer reach. The company reports approvals from more than 38 DISCOMs/departments and cumulative supplies exceeding three lakh transformers. Its in-house R&D/design capabilities, testing infrastructure and ability to customise products for different capacities and operating environments can also help it address varied utility and industrial requirements. The IPO proceeds also strengthen the growth profile: funds are earmarked for machinery/equipment, working capital and repayment of borrowings, which can support capacity expansion and improve the balance-sheet position.
RAKSAN TRANSFORMERS Risks
Raksan operates in a capital- and working-capital-intensive manufacturing industry. Large orders may require significant procurement of raw materials and working capital before customer payments are received. Delays in collections or project execution can therefore affect cash flows. Transformer manufacturing is also exposed to fluctuations in important input costs such as copper, electrical steel and transformer oil. If increases in raw-material costs cannot be passed on to customers promptly, profitability and margins can be affected. The business depends on maintaining product quality, technical specifications and regulatory/utility approvals. Manufacturing defects, failure to meet customer standards, loss of important approvals, execution delays or disruption at key manufacturing facilities could adversely affect operations. Demand is also linked to expenditure in India's power, infrastructure, industrial and renewable-energy sectors, making the company exposed to changes in sector investment cycles.
RAKSAN TRANSFORMERS Frequently Asked Questions
What is the RAKSAN TRANSFORMERS IPO price band?
The RAKSAN TRANSFORMERS IPO price band is 258 - 273.
What is the latest RAKSAN TRANSFORMERS IPO GMP?
The latest available RAKSAN TRANSFORMERS IPO GMP in the IPOWEB database is ₹30. GMP is unofficial and does not guarantee a listing gain.
When does the RAKSAN TRANSFORMERS IPO open and close?
The RAKSAN TRANSFORMERS IPO opens on 10 SEP and closes on 15 SEP.
When is the RAKSAN TRANSFORMERS IPO allotment date?
The RAKSAN TRANSFORMERS IPO allotment date is 16 SEP.
When is the RAKSAN TRANSFORMERS IPO listing date?
The RAKSAN TRANSFORMERS IPO listing date is 18 SEP.
What is the RAKSAN TRANSFORMERS IPO subscription?
The latest total subscription available for the RAKSAN TRANSFORMERS IPO is 1.31x.