RAKSAN TRANSFORMERS LIMITED
SMEBSE
Issue details
Price band
₹258 - ₹273
Lot size
400 shares
Issue size
₹150 Cr
Min. investment
₹1,09,200
Registrar
Bigshare Services
Subscription
44.18x · 82,832 applications
Grey market premium
Est. gain+₹11 · 4%
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IPO Timeline
Open
10 Sep
Close
15 Sep
Allotment
16 Sep
Listing
18 Sep
- Refunds & demat credit
- 17 Sep 2026
- Mandate end
- 30 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 400shares 1 lot · ₹1,09,200 | 400shares 1 lot · ₹1,09,200 |
| HNI | 800shares 2 lots · ₹2,18,400 | No limit funds permitting |
Based on the upper price band of ₹273 and a lot of 400 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| NII | 10,62,000 | 4,77,96,000 | 17,055 | 45.01x |
| Retail (IND) | 18,33,600 | 5,25,46,400 | 65,683 | 28.66x |
| Total | 39,42,800 | 17,41,80,800 | 82,832 | 44.18x |
Last updated 40 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹113 Cr
41,36,800 shares
Offer for sale
₹30 Cr
11,00,000 shares
Shares pre-issue
1,64,80,600
Shares post-issue
2,08,93,400
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 20.39 | 16.08 |
| P/E | 13.39 | 16.98 |
| Market cap | ₹449.92 Cr. | ₹598.80 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 55.32% | 60.14% |
| ROCE | 46.72% | 43.09% |
| Debt/Equity | 0.27 | 0.53 |
| RoNW | 43.41% | 46.23% |
| PAT Margin | 9.25% | 6.28% |
| EBITDA Margin | 12.87% | 9.10% |
| NAV | 14.38 | 26.74 |
| Price to Book Value | 18.98 | 10.21 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 363.63 | 324.78 | 162.52 |
| Profit after tax | 33.6 | 20.38 | 7.59 |
| EBITDA | 46.72 | 29.51 | 10.19 |
| Net worth | 77.42 | 44.07 | 23.7 |
| Assets | 155.59 | 117.9 | 67.02 |
| Reserves & surplus | 60.94 | 43.2 | 22.83 |
| Total borrowing | 20.74 | 23.51 | 9.81 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana₹62.14 Cr
- 2.To meet working capital requirements₹35 Cr
- 3.Repayment of certain borrowing availed by the Company, in part or full₹7.28 Cr
- 4.General Corporate Purposes₹4.32 Cr
- 5.Issue Expenses₹14.64 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Anawil Wire & Engineering Ltd.SME | ₹270 | 14.53 | ₹346.10 | +28.19% |
| Accord Transformer & Switchgear Ltd.SME | ₹46 | 11.41 | ₹52.50 | +14.13% |
| Avana Electrosystems Ltd.SME | ₹59 | 12.4 | ₹80.30 | +36.10% |
| Karamtara Engineering Ltd.Mainboard | ₹254 | 32.77 | ₹352.00 | +38.58% |
| Kanohar Electricals Ltd.Mainboard | ₹632 | 36.26 | ₹751.50 | +18.91% |
| Powerica Ltd.Mainboard | ₹395 | 24.45 | ₹390.00 | -1.27% |
| Atlanta Electricals Ltd.Mainboard | ₹754 | 46.33 | ₹823.35 | +9.20% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.