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HomeIPORaksan Transformers

About Raksan Transformers

Raksan Transformers Limited, incorporated in the month of July 1995, is an ISO 9001:2015 certified company engaged in the manufacturing of transformers at varying voltage levels. The Company has been manufacturing transformers of diversified types like distribution transformers, power transformers, transformers for solar applications, and special purpose transformers that find application in power generation, transmission and distribution systems, along with various industrial and infrastructure projects. The Company started its operations by taking up repair and servicing work of distribution and power transformers and then started manufacturing of transformers in the year 2005-06. It has grown into two manufacturing plants located at Rai, Sonepat, Haryana. As of March 31, 2026, the Company has two manufacturing plants spanning over approximately 2,025 sq. mtrs. and 1,012.5 sq. mtrs. with the total production capacity of approximately 15,00,000 KVA of distribution transformers and 1,350 MVA of power transformers. The facilities are equipped with core cutting machine, coil winding machine, assembling machine, tank fabrication machine, oil filtration machine, welding machine and test facility. The Company has in-house facilities of core cutting/slitting, wire or strip drawing and tank fabrication along with in-house testing facility. The customers of Raksan Transformers are varied and include government departments, power distribution corporations, public sector units, utility companies, EPC contractors and industrial companies. The Company is one of the approved suppliers of over 20 such organizations including power distribution corporations, PSUs and utility companies. The manufacture process includes quality checks at different stages and involves the use of raw materials like CRGO steel, copper and aluminum conductors, transformer oil, insulation material and fabricated transformer tanks. The group company SHR Powers Private Limited manufactures transformer tanks/bodies thus helping the Company in achieving backward integration. The products of the Company are manufactured keeping in mind the relevant BIS standards and the Company is duly authorized to mark the ISI on its products. There are several products which have got the certification of BEE STAR rating scheme. The Company places emphasis on design of transformers based on the individual customer requirements like voltage, power, climate, system and sound level requirements. As on June 30, 2026, the Company had 143 employees which included 113 employees working in production in addition to those working in designing and quality control, finance, purchases and stores, sales and marketing and HR and administration.

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Issue Size22561.57 Cr
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Issue Price₹ 1700.00
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National Stock Exchange of India logo

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Raksan Transformers

Raksan Transformers

Open Date

Sep 10, 2026

Close Date

Sep 15, 2026

listed

Min Investment

₹2,18,400

Lot Size

400 Shares

Issue Size

₹150.5 Cr

Price Range

₹258 - ₹258

Listing Date

Sep 18, 2026

IPO Doc

RHP PDF

Checklist Quality Analysis

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹12(+4.40%)GMP
2.2%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Raksan Transformers IPO - Issue Objectives

The company will utilise ₹62.13 crore to set up a manufacturing facility in Haryana The company will utilise ₹35 crore to fund working capital requirements The company will utilise ₹7.28 crore to repay outstanding borrowings Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Capital expenditure

51.5%

Working capital

29.1%

Repayment of loan

6.1%

General corporate purposes

13.3%

1

Capital expenditure

The company will utilise ₹62.13 crore to set up a manufacturing facility in Haryana

51.50%
2

Working capital

The company will utilise ₹35 crore to fund working capital requirements

29.10%
3

Repayment of loan

The company will utilise ₹7.28 crore to repay outstanding borrowings

6.10%
4

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

13.30%

IPO Subscription Status

QIB
70.51x
NII
60.81x
Individual
28.66x
Total
47.50x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Raksan Transformers

In Cr.

Contact Details

Raksan Transformers

Shop No. 16,Local Shopping Centre-3, Sector-8, Rohini, North Delhi, New Delhi, New Delhi, 110085

+918199946578
cs@raksantransformers.com
https://www.raksantransformers.com/

Raksan Transformers IPO - FAQs

Raksan Transformers IPO is a SME IPO. The issue is priced at 258-₹273. The minimum order quantity is 400 Shares. The IPO opens on 10 Sep, and closes on 15 Sep. TBA is the registrar for the IPO. The shares are proposed to be listed on SME.








IPO Timeline

  • Pre Apply2026-09-09
  • Bidding Starts2026-09-10
  • Bidding Ends2026-09-15
  • Allotment Finalisation2026-09-16
  • Release of Funds2026-09-17
  • Demat Transfer2026-09-17
  • Listing2026-09-18