Raksan Transformers IPO GMP Today, Price & Details
Raksan Transformers IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Raksan Transformers
Raksan Transformers is stepping into the public market via an SME IPO on the BSE, aiming to raise capital for its expansion. The company operates within the crucial electrical equipment manufacturing sector, specifically focusing on transformers. These are vital components in power transmission and distribution networks, making Raksan Transformers a player in India's burgeoning energy infrastructure. The scale of operations is reflected in its recent revenue figures, indicating a significant presence in its niche.
The company's financial performance shows a healthy revenue of ₹324.21 Cr and a Profit After Tax (PAT) of ₹20.17 Cr. This translates to an Earnings Per Share (EPS) of ₹12.24. The IPO itself is structured with a total issue size of ₹150 Cr, comprising a fresh issue of ₹120.47 Cr and an Offer For Sale (OFS) component of ₹30.03 Cr. The fresh capital infusion is earmarked for critical business needs, suggesting a strategic move to fuel future growth.
What sets Raksan Transformers apart is its strong return ratios, with Return on Net Worth (RONW) at a robust 45.97% and Return on Capital Employed (ROCE) at an impressive 43.23%. The company's EBITDA margin stands at 9.1%. The proceeds from the fresh issue are intended for working capital requirements and general corporate purposes, which are essential for maintaining operational efficiency and supporting ongoing projects. This focus on strengthening its financial backbone positions the company for sustained development in a competitive landscape.
Raksan Transformers IPO — Investment Analysis
Let's talk valuation. Raksan Transformers is coming to market with a price band of ₹258 to ₹273 per share. Considering its EPS of ₹12.24, the Price-to-Earnings (P/E) ratio at the upper end of the band works out to approximately 22.3x. This valuation needs to be viewed in the context of its industry peers and the company's growth prospects. While not excessively high, it's certainly not a deep discount, suggesting investors are paying a fair price for its earnings power.
Financially, Raksan Transformers presents a compelling picture. The company has managed to post a revenue of ₹324.21 Cr with a PAT of ₹20.17 Cr, indicating a healthy profit margin. The EBITDA margin of 9.1% is respectable for the sector. What truly stands out are its return ratios: an RONW of 45.97% and ROCE of 43.23%. These figures suggest highly efficient deployment of capital and strong profitability relative to its net worth and employed capital, which is a significant positive.
Looking at growth, the company's trajectory appears positive, supported by India's infrastructure push. However, risks are inherent. The OFS component of ₹30.03 Cr means some existing shareholders are cashing out, which isn't ideal for a growth-focused IPO. SME IPOs, in general, carry higher volatility and liquidity risks compared to mainboard issues. Sector-specific risks, such as fluctuations in raw material prices or changes in government policies related to power infrastructure, could also impact performance.
Subscription levels will be a key indicator of market sentiment. Strong subscriptions from Qualified Institutional Buyers (QIBs) and High Net-worth Individuals (HNIs) would signal institutional confidence, while robust retail participation would show broader investor interest. Conversely, weak subscriptions might suggest market apprehension regarding the valuation or the company's future prospects. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Raksan Transformers IPO — Pros & Cons
Strengths
- The company boasts exceptional return ratios, with an RONW of 45.97% and ROCE of 43.23%. These strong figures indicate efficient capital utilization and robust profitability, which is a key indicator of a well-managed business for investors.
- Raksan Transformers has demonstrated a solid financial track record, achieving revenues of ₹324.21 Cr and a PAT of ₹20.17 Cr. This consistent performance suggests operational stability and a capacity to generate profits, providing a degree of comfort to potential investors.
- The company operates in the essential electrical equipment manufacturing sector, specifically transformers, which are critical for India's power infrastructure development. This positions Raksan Transformers to benefit from ongoing government initiatives and increasing power demand.
- The fresh issue component of ₹120.47 Cr is intended for working capital and general corporate purposes, which are vital for supporting day-to-day operations and future growth initiatives. This proactive approach to strengthening its financial base is generally positive for long-term prospects.
- The P/E ratio of 22.3x, while not low, appears reasonable given the company's strong return ratios and its presence in a growing sector. It suggests the IPO is priced to attract investors interested in quality assets.
Risks
- The IPO includes an Offer For Sale (OFS) component of ₹30.03 Cr, where existing shareholders are divesting their stake. This can sometimes indicate a lack of immediate growth capital needs for promoters or a desire to exit, which might be a concern for investors seeking purely growth-oriented plays.
- As an SME IPO listed on the BSE, Raksan Transformers will likely experience higher volatility and lower liquidity compared to mainboard listed companies. This means share prices can swing more dramatically, and it might be harder to buy or sell large quantities without impacting the price.
- The company's EBITDA margin is 9.1%, which, while decent, is not exceptionally high. This could suggest potential pressure on operating efficiencies or a competitive market environment that limits profitability expansion.
- The Net Asset Value (NAV) per share stands at ₹26.61, which is significantly lower than the IPO price band of ₹258 to ₹273. This implies investors are paying a substantial premium over the book value of the company's assets.
- The IPO structure requires investors to apply for a minimum of 400 shares, translating to a minimum investment of ₹109,200 at the upper price band. This high entry barrier might deter smaller retail investors who are looking for more modest exposure.
Raksan Transformers IPO Details
| Company Name | Raksan Transformers |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹258 - ₹273 |
| Face Value | ₹10 per share |
| Lot Size | 400 shares |
| Min Investment | ₹109,200 |
| Total Issue Size | ₹150.00 Cr |
|---|---|
| Fresh Issue | ₹120.47 Cr |
| Offer for Sale | ₹30.03 Cr |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Manager | Hem Securities Ltd. |
| IPO Status | Open |
Raksan Transformers IPO Dates
Raksan Transformers IPO GMP Today
The Grey Market Premium (GMP) for Raksan Transformers IPO is ₹30, indicating an expected listing at ₹303 (+11% premium).
📈 Raksan Transformers GMP Trend (Last 4 Days)
| Date | GMP (₹) | Est. Listing (₹) | Sauda Rate (₹) | Change |
|---|---|---|---|---|
| 12 Sep 2026 | +₹30 | ₹303 | - | - |
| 11 Sep 2026 | +₹28 | ₹301 | - | ▼ ₹-2 |
| 10 Sep 2026 | +₹20 | ₹293 | - | ▼ ₹-8 |
| 09 Sep 2026 | +₹20 | ₹293 | - | - |
Raksan Transformers IPO — Key Highlights
- Raksan Transformers is seeking to raise ₹150 Cr through its IPO, with a substantial ₹120.47 Cr coming from a fresh issue.
- The company boasts an exceptional Return on Net Worth (RONW) of 45.97% and ROCE of 43.23%.
- Its revenue stood at a healthy ₹324.21 Cr with a PAT of ₹20.17 Cr in its latest reported period.
- The IPO is priced at a P/E ratio of 22.3x, based on its EPS of ₹12.24.
- Investors need to buy a minimum of 400 shares, with the lot size being 400 shares.
- The Net Asset Value (NAV) per share is reported at ₹26.61, significantly lower than the IPO price band.
Raksan Transformers Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | 72.33 | 160.95 | 324.21 |
| Expenses | 68.74 | 152.12 | 297.03 |
| Net Income (PAT) | 3.39 | 7.59 | 20.17 |
Raksan Transformers IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹12.24 |
|---|---|
| P/E Ratio | 22.30x |
| NAV | ₹26.61 |
| Debt/Equity | 0.540 |
Return Metrics
| RONW (%) | 45.97% |
|---|---|
| ROCE (%) | 43.23% |
| EBITDA Margin | 9.10% |
Raksan Transformers IPO Reservation / Allocation
Raksan Transformers IPO Lead Manager & Registrar
Book Running Lead Manager
Hem Securities Ltd.
IPO Registrar
Bigshare Services Pvt.Ltd.
Raksan Transformers IPO — Frequently Asked Questions
What is Raksan Transformers IPO GMP today?
As of today, the Grey Market Premium (GMP) for Raksan Transformers IPO is ₹30 per share, indicating a potential listing premium of 11% above the issue price of ₹273.
What is the price band and lot size of Raksan Transformers IPO?
Raksan Transformers IPO has a price band of ₹258 to ₹273 per equity share with a face value of ₹10. The minimum lot size is 400 shares, requiring a minimum investment of ₹109,200 at the upper band.
What are the important dates for Raksan Transformers IPO?
Raksan Transformers IPO opens for subscription on 10 Sep 2026 and closes on 15 Sep 2026. Allotment is expected on 16 Sep 2026. The shares are expected to list on BSE on 18 Sep 2026.
What is the investor category allocation in Raksan Transformers IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 0.00%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 35.01%.
How can I apply for Raksan Transformers IPO?
You can apply for Raksan Transformers IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Bigshare Services Pvt.Ltd..
What is Raksan Transformers IPO price band and lot size?
The Raksan Transformers IPO is open with a price band set between ₹258 and ₹273 per share. Each lot consists of 400 shares. This means the minimum investment required to apply for one lot is ₹109,200 (400 shares x ₹273).
The face value of each share is ₹10.
Is Raksan Transformers IPO worth investing in?
Raksan Transformers presents a mixed bag. On the positive side, its financial health is robust, marked by impressive return ratios like an RONW of 45.97% and ROCE of 43.23%, alongside healthy revenue of ₹324.21 Cr. The P/E of 22.3x seems reasonable given these strengths.
However, the considerable premium over its NAV of ₹26.61 and the OFS component are points to consider. Investors should weigh these factors against the company's growth potential in the electrical equipment sector. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Raksan Transformers IPO GMP today?
Grey Market Premium (GMP) for the Raksan Transformers IPO is an unofficial indicator of demand and is subject to change. While specific GMP figures fluctuate, a positive GMP often suggests strong investor interest and potential listing gains. However, it's crucial to remember that GMP is speculative and not a guaranteed outcome.
Investors should not rely solely on GMP for their investment decisions, as it doesn't reflect the company's fundamentals.
How to apply for Raksan Transformers IPO?
You can apply for the Raksan Transformers IPO through the UPI mechanism or the ASBA (Application Supported by Blocked Amount) facility offered by your bank. You'll need to log in to your demat account or your bank's net banking portal and navigate to the IPO application section. The registrar for this IPO is Bigshare Services Pvt.Ltd.
Your funds will remain blocked until the allotment process is completed.