Minimum Investment
About Company
Company Name: Raksan Transformers Limited
Industry / Sector: Heavy Electrical Equipment / Transformer Manufacturing
Founded Year: July 1995
Promoters: Sanjeev Kanda, Dievam Singh Kanda, Renu Kanda
Raksan Transformers Limited is an ISO 9001:2015 certified manufacturer of transformers across different voltage ratings. The Company manufactures a diversified range of transformers, including distribution transformers, power transformers, transformers for solar applications and special purpose transformers, which are used across power generation, transmission and distribution networks, as well as various industrial and infrastructure projects. The Company initially focused on the repair and servicing of distribution and power transformers and subsequently commenced transformer manufacturing in 2005-06. It has since expanded its operations to two manufacturing facilities in Rai, Sonepat, Haryana. As of March 31, 2026, the Company operates through two manufacturing units with a combined installed production capacity of approximately 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. As of June 30, 2026, the Company had 143 full-time employees.
IPO Basic Details
| Company Name | Raksan Transformers Limited |
| IPO Type | SME IPO |
| Price Band | ₹258 – ₹273 |
| Lot Size | 400 Shares |
| Total Issue Size | 55,12,800 Equity Shares (₹150.50 Cr) |
IPO Strengths & Risks
Strengths
- Strong order book
- Experienced promoters and management team
- Focus on quality assurance and regulatory compliance
- Established manufacturing facilities and in-house operations
- Track record of profitability and consistent financial performance
- Backward integration supporting supply chain and cost efficiency
- Established relationships with government entities and power utilities
Risks
- High dependence on the power and infrastructure sectors
- Exposure to raw material price volatility (CRGO steel, copper, aluminium)
- Competition from other transformer manufacturers
- Working capital intensive business model
- SME IPO with lower liquidity compared to mainboard listings
IPO Important Dates
| IPO Open Date | 10 Sep 2026 |
| IPO Close Date | 15 Sep 2026 |
| Basis of Allotment | 16 Sep 2026 |
| Refund Initiation | 17 Sep 2026 |
| Demat Credit Date | 17 Sep 2026 |
| Listing Date | 18 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 21.26% of Net Offer (26,17,200 shares) |
| Retail Quota | 14.89% of Net Offer (18,33,600 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 800 | ₹2,18,400 |
| Retail Maximum | 2 Lots | 800 | ₹2,18,400 |
| S-HNI Minimum | 3 Lots | 1,200 | ₹3,27,600 |
| S-HNI Maximum | 9 Lots | 3,600 | ₹9,82,800 |
| B-HNI Minimum | 10 Lots | 4,000 | ₹10,92,000 |
Key Performance Indicators (KPI)
| ROE | 55.32% (FY26), 60.14% (FY25) |
| ROCE | 46.72% (FY26), 43.09% (FY25) |
| RoNW | - |
| PAT Margin | 9.25% (FY26), 6.28% (FY25) |
| EBITDA Margin | 12.87% (FY26), 9.10% (FY25) |
| EPS | ₹20.39 (Pre-IPO), ₹16.08 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.27 (FY26), 0.53 (FY25) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹155.59 Cr | ₹363.63 Cr | ₹33.60 Cr | ₹46.72 Cr | ₹77.42 Cr | ₹20.74 Cr |
| FY2025 | ₹117.90 Cr | ₹324.78 Cr | ₹20.38 Cr | ₹29.51 Cr | ₹44.07 Cr | ₹23.51 Cr |
| FY2024 | ₹67.02 Cr | ₹162.52 Cr | ₹7.59 Cr | ₹10.19 Cr | ₹23.70 Cr | ₹9.81 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: Shop No. 16, Local Shopping Centre-3, Sector-8, Rohini, North Delhi, New Delhi - 110085
Website: https://www.raksantransformers.com
Email: cs@raksantransformers.com
Phone: +91 8199946578
IPO Documents
Frequently Asked Questions (FAQ)
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