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

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 Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,12,800 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 44,12,800 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 11,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,64,80,600 shares |
| Share Holding Post Issue | 2,08,93,400 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received | Thu, Feb 5, 2026 |
| 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 Offered | Not less than 15% of the Net Offer |
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:
Competitive Strengths:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 117.90 | 67.02 | 42.08 |
| Total Income | 324.78 | 162.52 | 73.59 |
| Profit After Tax | 20.17 | 7.59 | 3.39 |
| EBITDA | 29.51 | 10.19 | 5.65 |
| NET Worth | 43.86 | 23.70 | 16.10 |
| Reserves and Surplus | 42.99 | 22.83 | 15.24 |
| Total Borrowing | 23.51 | 9.81 | 5.70 |
| Amount in ₹ Crore | |||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 59.70% |
| ROCE | 43.23% |
| Debt/Equity | 0.54 |
| RoNW | 45.97% |
| PAT Margin | 6.22% |
| EBITDA Margin | 9.10% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
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
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 .