ListedSMERAKSAN

Raksan Transformers IPO

Raksan Transformers IPO is an SME IPO raising ₹150 Cr at ₹258 – ₹273 a share. It listed on 18 Sept 2026 at ₹273, 0.0% against its issue price of ₹273, and trades at ₹229 today (−16.2% since issue). It was subscribed 44× in total.

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₹273

Issue price

₹229

Price now

−16.2%

Since issue price

18 Sept 2026

Listed on

44×Subscribed (final) · all exchanges

44.2 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor category	Shares offered	Shares bid for	Subscribed
QIB Banks, funds and other large institutions	10,47,200	7,38,38,400	71×
Others	no separate quota	5,57,33,600	n/a
Foreign Institutional Investors	no separate quota	90,30,800	n/a
Domestic Financial Institutions	no separate quota	85,80,000	n/a
Mutual Funds	no separate quota	4,94,000	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	10,62,000	4,77,96,000	45×
Corporates	no separate quota	10,52,400	n/a
Individuals	no separate quota	4,56,74,800	n/a
Others	no separate quota	10,68,800	n/a
Retail Ordinary investors bidding up to ₹2 lakh	18,33,600	5,25,46,400	29×
Cut Off	no separate quota	—	n/a
Price Bids	no separate quota	5,25,46,400	n/a
Employee Reserved	no separate quota	0	n/a
Employee	no separate quota	—	n/a
Employee	no separate quota	—	n/a
Reservation PortionShareholder	no separate quota	0	n/a
RPS	no separate quota	—	n/a
RPS	no separate quota	—	n/a
Total	39,42,800	17,41,80,800	44×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 15 Sept, 07:08 pm IST.

How demand built

Our own series — the exchanges publish a running total and never a history.22 readings held.

10 Sept, 11:15 am0.00×

10 Sept, 12:15 pm0.37×

10 Sept, 01:15 pm0.39×

10 Sept, 02:15 pm0.40×

10 Sept, 04:15 pm0.41×

10 Sept, 05:15 pm0.57×

11 Sept, 10:15 am0.58×

11 Sept, 11:15 am0.60×

11 Sept, 12:15 pm0.63×

11 Sept, 01:15 pm1.25×

11 Sept, 02:15 pm1.41×

11 Sept, 03:15 pm1.56×

11 Sept, 04:15 pm1.58×

11 Sept, 05:15 pm1.62×

14 Sept, 10:15 am1.63×

15 Sept, 11:15 am3.23×

15 Sept, 12:15 pm5.06×

15 Sept, 01:15 pm9.25×

15 Sept, 02:15 pm18×

15 Sept, 02:33 pm24×

15 Sept, 03:33 pm47×

15 Sept, 04:33 pm55×

Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.