· SME · BSE
Price Band
₹258–273
Lot Size
400 shares
Issue Size
₹150 Cr
Min. Investment
₹1,09,200
Indicative, updates through the day
Cap price plus current GMP: ₹301 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Raksan Transformers IPO is an SME issue currently open for public subscription until 15 September 2026, listing on BSE. The issue price band is fixed at ₹258–₹273 per equity share with a minimum market lot size of 400 shares, bringing the total issue size to ₹150 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,09,200.
The latest unlisted Grey Market Premium (GMP) for Raksan Transformers IPO is quoted at ₹28, representing a premium of approximately 10.26% over the upper price band of ₹273. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near , and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read , or compare with .
The minimum investment for retail investors is one lot of 400 shares (approx. ₹1,09,200 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is Bigshare Services Pvt. Ltd., with the basis of allotment scheduled for finalization on 16 September 2026 and listing expected on 18 September 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Raksan Transformers IPO raises ₹42.86 crore from anchor investors. Raksan Transformers IPO Anchor bid date is September 9, 2026.📝 Anchor Investors Letter (PDF)
| Category | Shares Offered | % |
|---|---|---|
| QIB | 26,17,200 | 21.26% |
| − Anchor Investor | 15,70,000 | 0% |
| − QIB (Ex. Anchor) | 10,47,200 | 0% |
| NII (HNI) | 78,60,000 | 63.85% |
| Retail | 18,33,600 | 14.89% |
| Market Maker | 2,76,000 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 800 | ₹2,18,400 |
| Individual investors (IND) (Max) | 2 | 800 | ₹2,18,400 |
| S-HNI (Min) | 3 | 1200 | ₹3,27,600 |
| S-HNI (Max) | 9 | 3600 | ₹9,82,800 |
| B-HNI (Min) | 10 | 4000 | ₹10,92,000 |
EPS (Pre IPO)
20.39
EPS (Post IPO)
16.08
ROE
43.41%
P/E (Pre IPO)
13.39
P/E (Post IPO)
16.98
Price / Book
18.98
Market Cap
₹450Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Anawil Wire & Engineering Ltd. | 14.53 | ₹177.81 Cr | |
| Accord Transformer & Switchgear Ltd. | 11.41 | ₹25.59 Cr | |
| Avana Electrosystems Ltd. | 12.4 | ₹35.22 Cr | |
| Powerica Ltd. | 24.45 | ₹1,100.00 Cr | |
| Atlanta Electricals Ltd. | 46.33 | ₹687.34 Cr |
Raksan Transformers Ltd. Address
Bigshare Services Pvt. Ltd.