Brokers and banks usually stop taking bids earlier. Check the exact time with yours.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital Expenditure for New Facility
Funding capital expenditure towards setting up a new transformer manufacturing facility at Liwaspur, Sonipat, Haryana.
Working Capital Requirements
Meeting incremental working capital requirements to support business expansion.
Repayment of Outstanding Debt
Prepayment or partial repayment of selected borrowing facilities to optimize capital structure.
General Corporate Purposes
Meeting general corporate expenses and issue administration costs.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Incorporated in July 1995 as Raksan Transformers Private Limited and later converted into a public limited company, Raksan Transformers Limited is an ISO 9001:2015 certified manufacturer of electrical transformers based in Rai, Sonipat, Haryana. Initially starting as a repair and servicing unit for distribution and power transformers, the enterprise expanded into full-scale design, engineering, and manufacturing in 2005-06. Today, it operates two manufacturing facilities spanning over 3,000 square meters in Sonipat, with an annual installed production capacity of 1,500,000 KVA for distribution transformers and 1,350 MVA for power transformers. The company manufactures a comprehensive range of electrical equipment including distribution transformers, power transformers, solar inverter duty transformers, and special purpose transformers. These products serve essential roles across power generation, transmission, and distribution networks, as well as industrial and commercial infrastructure projects across India. The manufacturing facilities feature integrated machinery for core slitting, coil winding, tank fabrication, oil filtration, and high-voltage testing, supported by an in-house quality control laboratory capable of executing routine and type tests. Raksan Transformers serves a wide client base comprising state power distribution utilities, public sector undertakings, public utility boards, EPC contractors, and industrial enterprises. The company holds vendor approvals with over 20 government utilities and PSUs. Its products conform to Bureau of Indian Standards (BIS) norms with authorized ISI marking, and select product ranges are certified under the Bureau of Energy Efficiency (BEE) STAR rating scheme. As of June 30, 2026, the company employed 143 full-time personnel across manufacturing, design, quality assurance, and administrative functions.
The company raised 42.86 crore rupees by allocating 15,70,000 equity shares to anchor investors at the upper price band of 273 rupees per share on September 9, 2026.
Source: RHP • Analysis provided for informational purposes
Last Updated: 18 September 2026, 3:13 PM
Established Manufacturing Infrastructure
Operates two specialized manufacturing facilities in Sonipat, Haryana equipped with complete in-house capabilities for core slitting, coil winding, tank fabrication, and testing.
Broad Product Portfolio
Produces a wide spectrum of transformers tailored for distribution networks, power transmission, solar installations, and custom industrial applications.
Approved Vendor Status
Holds vendor credentials with more than 20 state power distribution utilities, public sector enterprises, and major EPC contractors across India.
Sensitivity to Raw Material Costs
Financial performance depends heavily on copper, aluminum, and transformer oil, exposing profit margins to price swings in global commodity markets.
Revenue Concentration in Public Sector
A substantial portion of order inflow originates from state electricity boards and government-backed utility contracts.
High Working Capital Intensity
Requires significant working capital investment to sustain inventory levels and manage credit terms common in utility supply agreements.
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.