Raksan Transformers IPO Subscription Status Day 2: Issue Subscribed 1.31 Times

Authored By HDFC SKY | Published at: Sep 11, 2026 06:55 PM IST

Raksan Transformers IPO Day 2 subscription status: issue subscribed 1.31x by September 11, 2026, with QIB demand at 3.87x and retail at 0.35x.

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Mumbai, September 11: Raksan Transformers IPO entered its second day of bidding on September 11, 2026. The book-built issue has a total size of ₹150.50 crore and comprises a fresh issue and an offer for sale. The price band is set at ₹258 to ₹273 per share. The IPO opened on September 10 and will close on September 15, 2026. The lot size is 400 shares.

Raksan Transformers IPO Day 2 Subscription Status

As of 5:09:02 PM on September 11, the IPO had recorded the following subscription levels:

Category	Subscription (x)
QIB (Ex Anchor)	3.87x
NII	0.16x
Individual Investors	0.35x
Total	1.31x

The issue had received 864 applications by the timestamp shown in the subscription data.

Category-wise Raksan Transformers IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription (x)	Total Amount (₹ Cr)
Anchor	15,70,000	15,70,000	1.00x	42.861
QIB (Ex Anchor)	10,47,200	40,52,000	3.87x	110.620
NII	7,86,000	1,27,200	0.16x	3.473
bNII (> ₹10L)	5,25,000	64,800	0.12x	1.769
sNII (< ₹10L)	2,61,000	62,400	0.24x	1.704
Individual Investors	18,33,600	6,32,800	0.35x	17.275
Total	36,66,800	48,12,000	1.31x	131.368

The subscription figures exclude the anchor and market-maker portions from the total public issue calculation, as specified in the source data.

Raksan Transformers Day-Wise Subscription Summary

The issue recorded the following subscription levels on each bidding day:

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Individual Investors	Total
September 10 (Day 1)	1.17x	0.41x	0.57x	0.07x	0.13x	0.49x
September 11 (Day 2)	3.87x	0.16x	0.12x	0.24x	0.35x	1.31x

Raksan Transformers IPO Timeline

IPO Milestone	Date
Issue Open Date	September 10, 2026
Issue Close Date	September 15, 2026
Basis of Allotment Date	September 16, 2026
Initiation of Refunds	September 17, 2026
Credit of Shares	September 17, 2026
Listing Date	September 18, 2026

Brief Overview Of The IPO

Raksan Transformers IPO is a book-built issue of ₹150.50 crore. The issue comprises a fresh issue of 41,36,800 shares and an offer for sale of 11,00,000 shares. A total of 2,76,000 shares are reserved for the market maker.

IPO Detail	Information
Issue Size	₹150.50 crore
Price Band	₹258 to ₹273 per share
Issue Open Date	September 10, 2026
Issue Close Date	September 15, 2026
Lot Size	400 shares
Minimum Retail Application	800 shares
Minimum Retail Investment	₹2,18,400
Minimum HNI Application	1,200 shares
Minimum HNI Investment	₹3,27,600
Listing Exchange	BSE SME
Basis of Allotment	September 16, 2026
Refund Date	September 17, 2026
Share Credit Date	September 17, 2026
Listing Date	September 18, 2026

Source:

https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4809&type=IPO&idtype=1&status=L&IPONo=7958&startdt=10%2F09%2F2026

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