Raksan Transformers IPO Subscription Status Day 3: Issue Subscribed 47.43 Times

Authored By HDFC SKY | Last Modified: Sep 15, 2026 06:42 PM IST

Raksan Transformers IPO Day 3 subscription status: The ₹150.50 crore IPO was subscribed 47.43 times by 5:14 PM on September 15, 2026, with QIB demand at 70.51 times, NII at 60.46 times and retail at 28.66 times.

Raksan Transformers IPO Subscription Status Day 3

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Mumbai, September 15: Raksan Transformers IPO entered its final day of bidding on September 15, 2026. The ₹150.50 crore book-built issue opened on September 10 and is scheduled to close today. The issue combines a fresh issue of 44.13 lakh shares worth ₹120.47 crore and an offer for sale of 11 lakh shares aggregating to ₹30.03 crore.

The IPO carries a price band of ₹258 to ₹273 per share. The lot size is 400 shares, with individual investors required to apply for at least 800 shares. At the upper price of ₹273, the minimum retail investment is ₹2,18,400. The minimum HNI application is 1,200 shares, requiring ₹3,27,600.

Raksan Transformers IPO Day 3 Subscription Status

As of 5:14 PM on September 15, the Raksan Transformers IPO was subscribed 47.43 times overall. The QIB category was subscribed 70.51 times, while the NII category received 60.46 times subscription. The individual investor portion was subscribed 28.66 times.

Category	Subscription (x)
QIB (Ex Anchor)	70.51x
NII	60.46x
Individual Investors	28.66x
Total	47.43x

The subscription data showed 83,085 applications, with 17,39,04,800 shares bid against 36,66,800 shares offered, excluding the anchor and market maker portions.

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
Market Maker	2,76,000	2,76,000	1.00x	7.535
QIB (Ex Anchor)	10,47,200	7,38,38,400	70.51x	2,015.788
NII	7,86,000	4,75,20,000	60.46x	1,297.296
bNII (> ₹10L)	5,25,000	3,76,92,800	71.80x	1,029.013
sNII (< ₹10L)	2,61,000	98,27,200	37.65x	268.283
Individual Investors	18,33,600	5,25,46,400	28.66x	1,434.517
Total	36,66,800	17,39,04,800	47.43x	4,747.601

Raksan Transformers Day-Wise Subscription Summary

The IPO was subscribed 0.49 times on Day 1 and 1.31 times on Day 2. Subscription rose substantially on the final day, taking the overall figure to 47.43 times as of the reported timestamp.

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
September 15 (Day 3)	70.51x	60.46x	71.80x	37.65x	28.66x	47.43x

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 ₹150.50 crore book-built issue comprising a fresh issue of 44.13 lakh shares and an offer for sale of 11 lakh shares. The total issue size is 55.128 lakh shares. After excluding 2.76 lakh shares reserved for the market maker, the net offer to the public is 52.368 lakh shares.

IPO Detail	Information
Issue Size	₹150.50 crore
Issue Type	Book-building IPO
Price Band	₹258 to ₹273 per share
Total Issue Size	55.128 lakh shares
Fresh Issue	44.13 lakh shares
Offer for Sale	11 lakh shares
Market Maker Reservation	2.76 lakh shares
Net Offer to Public	52.368 lakh shares
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
Lead Manager	Hem Securities Ltd.
Registrar	Bigshare Services Pvt. Ltd.
Market Maker	Hem Finlease Pvt. Ltd.

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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