Raksan Transformers IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |

Raksan Transformers IPO Logo
The exchange has approved the Initial Public Offer (IPO) of Raksan Transformers Ltd. on February 5, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The exchange approval is valid for 12 months.

Raksan Transformers Ltd. IPO is a Book Build Issue of 0.55 crore equity shares consisting of a fresh issue of upto 0.44 crore equity shares and an offer for sale (OFS) of upto 0.11 crore equity shares.

The equity shares are proposed to be listed on the BSE SME. Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Raksan Transformers IPO DRHP for more details.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value10 per share
Price Band
Lot Size
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size55,12,800 shares
(agg. up to ₹[.] Cr)
Fresh Issue 44,12,800 shares
(agg. up to ₹[.] Cr)
Offer for Sale11,00,000 shares of ₹10
(agg. up to ₹[.] Cr)
Share Holding Pre Issue1,64,80,600 shares
Share Holding Post Issue2,08,93,400 shares

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeTue, Sep 30, 2025
SEBI/Exchange approval receivedThu, Feb 5, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares OfferedNot less than 15% of the Net Offer

About Raksan Transformers Ltd.

Incorporated in 1995, Raksan Transformers Ltd.primarily engaged in the repair and servicing of distribution and power transformers.

As of March 31, 2025, the company operate through two manufacturing units, Plot No. 1676–1677, Sector-38, Phase-I, HSIIDC Industrial Estate, Rai, District Sonepat, Haryana and Plot no. 1413, HSIDC, Industrial Estate, Rai, District Sonepat collectively spread across approximately 2025 sq. mtrs and 1012.5 sq. mtrs.

Products:

  • Distribution Transformers
  • Power Transformers
  • Transformers for solar applications
  • Special Purpose Transformers

Competitive Strengths:

  • Established Manufacturing facility and In-house operations
  • Strong Order Book
  • Established relationship with the clients including government entities, power utilities.
  • Experienced and Strong Promotors/Management team

Company Financials (Restated Consolidated)

Raksan Transformers Ltd.'s revenue increased by 100% and profit after tax (PAT) rose by 166% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets117.9067.0242.08
Total Income324.78162.5273.59
Profit After Tax20.177.593.39
EBITDA29.5110.195.65
NET Worth43.8623.7016.10
Reserves and Surplus42.9922.8315.24
Total Borrowing23.519.815.70
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub- Tehsil Rai, Distt. Sonepat, Haryana 71.91
2 To meet working capital requirements 39.00
3 Repayment of certain borrowing availed by the Company, in part or full 7.91
4 General Corporate Purpose

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE59.70%
ROCE43.23%
Debt/Equity0.54
RoNW45.97%
PAT Margin6.22%
EBITDA Margin9.10%
Pre IPOPost IPO
Promoter Holding100%
Sanjeev Kanda, Dievam Singh Kanda and Renu Kanda are the promoters of the company.

IPO Registrar

Bigshare Services Pvt.Ltd.

Contact Details

Raksan Transformers Ltd. Address
Shop No. 16,
Local Shopping Centre-3,
Sector-8, Rohini, North Delhi,
New Delhi, New Delhi, 110085
Open an Instant Account with Zerodha

IPO FAQs

Raksan Transformers IPO is a SME IPO of 55,12,800 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Raksan Transformers IPO open and close dates are not available as of now.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Raksan Transformers IPO using UPI as a payment gateway. Zerodha customers can apply in Raksan Transformers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Raksan Transformers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Raksan Transformers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Raksan Transformers IPO dates are not announced. Please check back again after some time.

Raksan Transformers IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Raksan Transformers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Raksan Transformers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Raksan Transformers IPO allotment status.

The Raksan Transformers IPO listing date is not yet announced. The tentative date of listing is .

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