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Raksan Transformers
๐
Founded: 1995
๐ Rohini, New Delhi
๐ฅ employees
๐
๐ Face Value: โน10
๐ฆ Market Cap: TBA
Price Band
โน258 โ โน273
Issue Size
โน150.50 Cr
Lot Size
0 shares
Min. Investment
โน0
GMP
+โน0 (+0%)
Est. Return
+0%
Listing Date
To be announced
Registrar
Bigshare Services
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
โญ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh IssueTBA
Offer for Sale (OFS)โน30.03 Cr
Total Issue Sizeโน150.50 Cr
Face Valueโน10
Market Cap (at issue)TBA
Listing ExchangeBSE SME
๐
Open Date10 Sept 2026
๐ Close Date15 Sept 2026
โ๏ธ Cut-off Price Date15 Sept 2026
๐๏ธ Allotment DateTo be announced
๐ธ Refund InitiationTBA
๐ Demat CreditTBA
๐ Listing DateTo be announced
Objects of the Issue
- ๐ฐ Capital expenditure for a new manufacturing facility at Liwaspur, Sonepat (โน62.14 Cr)
- ๐ฐ Working capital requirements (โน35.00 Cr)
- ๐ฐ Repayment of borrowings (โน7.28 Cr)
About the Company
Raksan Transformers, incorporated in 1995 and based in Rohini, New Delhi, is an ISO 9001:2015 certified manufacturer of distribution, power, solar and specialised transformers across a range of voltage ratings. It runs two manufacturing facilities in Rai, Sonepat (Haryana) with combined capacity of about 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers, and is backward-integrated through group company SHR Powers.
Strengths
- โ Revenue grew roughly 12% in FY26 while PAT jumped about 65%, reflecting improving operating leverage
- โ Backward integration through group company SHR Powers supports cost control and supply reliability
- โ BIS and BEE compliance plus an established order book with government and utility customers
- โ Two dedicated Haryana facilities give meaningful combined capacity across both distribution and power transformers
Risk Factors
- โ ๏ธ Business is tied to power-sector and utility capex cycles, which can be lumpy
- โ ๏ธ A meaningful share of issue proceeds goes to debt repayment and working capital rather than pure growth capex
- โ ๏ธ Reliance on a related group company (SHR Powers) for backward integration introduces related-party dependency
Subscription Status
Not yet open
QIB: โ
NII: โ
RII: โ
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | โ | โ | 0.00x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | โ | โ | โ | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
100%
Pre-IPO
โ -26.4%
73.61%
Post-IPO
Founders & Leadership
SK
Sanjeev Kanda
Promoter
Leads the Kanda family promoter group behind Raksan Transformers, an ISO 9001:2015 certified transformer manufacturer based in Sonepat, Haryana
IPO Timeline
โ
Open Date
10 Sept 2026
๐
Close Date
15 Sept 2026
๐๏ธ
Allotment Date
To be announced
๐
Listing Date
To be announced
Key Financials
Revenueโน363.63 Cr
PATโน33.60 Cr
EPSN/A
P/E RatioN/A
ROEN/A
Market CapTBA
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Assets | โ | โ | โ |
| Total Income | 363.63 | 324.78 | 162.52 |
| Profit After Tax | 33.60 | 20.38 | 7.59 |
| EBITDA | 46.72 | 29.51 | 10.19 |
| Net Worth | 77.42 | 44.07 | 23.70 |
| Reserves & Surplus | โ | โ | โ |
| Total Borrowing | โ | โ | โ |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 43.40 | 46.24 |
| EBITDA Margin (%) | 12.85 | 9.09 |
| Debt / Equity | NaN | NaN |
| Net Worth (Rs. Cr) | 77.42 | 44.07 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | N/A | โ |
| P/E (x) | N/A | โ |
| ROE (%) | N/A | โ |
| Promoter Holding | 100% | 73.61% |
| Market Cap | TBA | |
IPO Registrar
IPO FAQs
Raksan Transformers IPO is a SME IPO with an issue size of โน150.50 Cr at a price band of โน258 โ โน273. Minimum lot size is 0 shares (minimum investment ~โน0). Opens on 10 Sept 2026 and closes on 15 Sept 2026. Proposed listing on BSE SME. Registrar: Bigshare Services.