Raksan Transformers IPO Day 1 Subscription Status: Issue Subscribed 0.49 Times

Authored By HDFC SKY | Published at: Sep 10, 2026 07:01 PM IST

Raksan Transformers IPO was 0.49 times subscribed on Day 1, with QIB at 1.17 times, NII at 0.41 times and retail investors at 0.13 times as of 5:07:49 PM on September 10, 2026.

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Mumbai, September 10: The Raksan Transformers IPO opened for subscription on Thursday, September 10, 2026. The ₹150.50 crore book-built issue comprises a fresh issue of 41.36 lakh shares aggregating to ₹113 crore and an offer for sale of 11 lakh shares worth up to ₹30 crore.

The IPO will remain open until September 15, 2026. The price band has been fixed at ₹258 to ₹273 per share, with a lot size of 400 shares. At the upper end of the price band, the minimum investment for an individual retail investor is ₹2,18,400.

Raksan Transformers IPO Day 1 Subscription Status

As of 5:07:49 PM on September 10, 2026, the Raksan Transformers IPO had been subscribed 0.49 times. The issue received bids for 17,93,600 shares against 36,66,800 shares offered to the public.

Category	Subscription
QIB (Ex Anchor)	1.17x
NII/HNI	0.41x
Retail	0.13x
Total	0.49x

The issue had received 329 applications as of the same snapshot.

Category-wise Raksan Transformers IPO Subscription Status

The QIB category, excluding the anchor portion, was subscribed 1.17 times, with bids for 12,30,400 shares against 10,47,200 shares offered. The NII category was subscribed 0.41 times, while the individual investor category stood at 0.13 times.

Category	Shares Offered	Shares Bid For	Subscription	Total Amount (₹ Cr)
Anchor	15,70,000	15,70,000	1.00x	42.861
QIB (Ex Anchor)	10,47,200	12,30,400	1.17x	33.590
NII/HNI	7,86,000	3,18,400	0.41x	8.692
Retail	18,33,600	2,44,800	0.13x	6.683
Total	36,66,800	17,93,600	0.49x	48.965

Within the NII category, the portion for applications above ₹10 lakh was subscribed 0.57 times, while the portion below ₹10 lakh was subscribed 0.07 times.

NII Sub-category	Shares Offered	Shares Bid For	Subscription
bNII (> ₹10L)	5,25,000	3,00,800	0.57x
sNII (< ₹10L)	2,61,000	17,600	0.07x

Raksan Transformers Day-Wise Subscription Summary

The Raksan Transformers IPO recorded an overall subscription of 0.49 times on Day 1. QIB demand was at 1.17 times, while the NII and retail portions remained below full subscription.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
September 10 (Day 1)	1.17x	0.41x	0.57x	0.07x	0.13x	0.49x

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 41.36 lakh shares aggregating to ₹113 crore and an offer for sale of 11 lakh shares aggregating to up to ₹30 crore.

The price band has been set at ₹258 to ₹273 per share, with a face value of ₹10 per share. The lot size is 400 shares. At the upper end of the price band, the minimum retail investment is ₹2,18,400.

IPO Particulars	Details
Issue Size	₹150.50 crore
Fresh Issue	₹113 crore
Offer for Sale	Up to ₹30 crore
Issue Type	Book-building IPO
Price Band	₹258 to ₹273 per share
Lot Size	400 shares
Minimum Retail Investment	₹2,18,400
IPO Open Date	September 10 2026
IPO Close Date	September 15 2026
Listing Exchange	BSE SME
Tentative Listing Date	September 18 2026
Book Running Lead Manager	Hem Securities Ltd.
Registrar	Bigshare Services 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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