Raksan Transformers Limited IPO
Raksan Transformers Limited IPO closed on 15 Sept 2026. Allotment 16 Sept 2026, listing 18 Sept 2026. Price band ₹258–₹273, lot 400 shares, GMP +₹11 (4.03%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹258–₹273 |
| Lot size | 400 shares |
| Minimum investment | ₹2,18,400 |
| Issue size | ₹150.5 Cr |
| GMP | +₹11 (4.03%) |
| Open date | 10 Sept 2026 |
| Close date | 15 Sept 2026 |
| Allotment date | 16 Sept 2026 |
| Listing date | 18 Sept 2026 |
| Registrar | Bigshare Services Pvt Ltd |
About Raksan Transformers Limited
Raksan Transformers is a manufacturer of electrical transformers across various voltage ratings, serving the power generation, transmission, and distribution sectors. The company’s core product portfolio encompasses distribution transformers, power transformers, inverter-duty transformers for solar applications, and special-purpose transformers. These products facilitate the efficient transmission and distribution of electrical energy across diverse industrial and infrastructure projects. The business primarily generates revenue by supplying its products to B2B and B2G clients, with a significant portion of its sales originating from government-controlled entities, public utilities, and state electricity boards. Operating out of its manufacturing facilities in Sonipat, Haryana, the company possesses an annual installed production capacity of 15,00,000 KVA for distribution transformers…
Strengths
- Established in-house manufacturing operations for varied transformer capacities.
- Robust order book demonstrating strong demand and future revenue visibility.
- Proven track record of consistent financial performance and profitability.
- Deeply rooted relationships with key government and public utility clients.
- Experienced promoter and management team guiding strategic growth.
Risks
- High reliance on government contracts exposes the business to policy shifts and tender delays.
- Significant revenue concentration stems from a limited number of key clients.
- Volatility in raw material prices can adversely impact overall profitability.
- Working capital constraints and payment delays may disrupt operations and future growth plans.
- Operations are heavily concentrated in a few specific states, increasing regional risks.