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Raksan Transformers Ltd

SMElistedBSE SME
10 Sep 2026 – 15 Sep 2026
LISTED
Offer Price
₹258–273
Bid lot
400
Min Application
₹2,18,400
Issue Size
₹151 Cr

Key dates

Open date
10 Sep 2026
Done
Close date
15 Sep 2026
Done
Basis of allotment
16 Sep 2026
Done
Initiation of refunds
16 Sep 2026
Done
Credit to demat
16 Sep 2026
Done
Listing date
18 Sep 2026
Done

Issue reservation

₹151 Cr
QIB 50%10%5%Retail 35%5.01%
QIB
27.6 L sh · ₹75.50 Cr
50%
HNI (10L+)
5.5 L sh · ₹15.10 Cr
10%
HNI (2-10L)
2.8 L sh · ₹7.55 Cr
5%
Retail
19.3 L sh · ₹52.85 Cr
35%
Market maker
2.8 L sh · ₹7.53 Cr
5.01%
BRLM: Hem Securities Limited

Lot ladder — how much to bid

1 lot = 400 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
800 sh · ₹2,18,400
Entry point
₹2,18,400 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
1,200 sh · ₹3,27,600
Entry point
₹3,27,600 onward
bHNI · Above ₹10 L10+ lots
Min · 10 lots
4,000 sh · ₹10,92,000
Entry point
₹10,92,000 onward

Issue details

Lead managersHem Securities Limited
Fresh issue44,12,800 sh · ₹120 Cr
Offer for sale11,00,000 sh · ₹30 Cr
Face value₹10
Listing onBSE SME
RegistrarBigshare Services Pvt.Ltd.
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

155.59

117.9

67.02

Total Income

363.63

324.78

162.52

PAT

33.6

20.38

7.59

Net Worth

77.42

44.07

23.7

Reserves & Surplus

60.94

43.2

22.83

Total Borrowings

20.74

23.51

9.81

Objects of the issue

  • Capital Expenditure (CapEx): ₹62.14 crore for a new manufacturing facility in Sonepat, Haryana.

  • Working Capital: ₹35 crore for business needs.

  • Debt Repayment: ₹7.28 crore for repayment/prepayment of borrowings.

  • General Corporate Purposes: Remaining net issue proceeds.

About the company

Incorporated in July 1995, Raksan Transformers Limited is an ISO 9001:2015-certified transformer manufacturer that began manufacturing operations in 2005–06. The Company manufactures distribution, power, solar and special-purpose transformers for power utilities, industrial clients and infrastructure projects.

As of March 31, 2026, the Company operates two manufacturing facilities in Rai, Sonepat, Haryana, with a combined installed capacity of approximately 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. Its facilities include in-house core processing, wire drawing, tank fabrication and testing capabilities.

The Company serves government entities, PSUs, power distribution corporations, EPC contractors and industrial customers, and is an approved vendor for over 20 entities. Its products comply with applicable BIS standards, with several also certified under the BEE STAR rating programme. Its group company, SHR Powers Private Limited, manufactures transformer tanks, supporting backward integration.

As of June 30, 2026, Raksan Transformers employed 143 full-time employees, including 113 in production.

Company strengths

  • Strong order book and established customer relationships.

  • Experienced promoters and management team.

  • Emphasis on quality and regulatory compliance.

  • Established manufacturing facilities with in-house capabilities.

  • Consistent profitability and financial performance.

  • Backward integration supporting cost efficiency.

  • Strong relationships with government entities and power utilities.

Promoters

Sanjeev KandaDievam Singh KandaRenu Kanda.

Registered office & contact

Raksan Transformers Limited.

Address - Shop No. 16,

Local Shopping Centre-3,

Sector-8, Rohini, North Delhi,

New Delhi, New Delhi, 110085

📞 +91 8199946578

✉️ cs@raksantransformers.com

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Raksan Transformers Ltd IPO?

One lot of 400 shares — ₹2,18,400 at the upper price band of ₹273.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-18 on BSE SME.

₹258–273
Applications are closed.