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Raksan Transformers IPO

Raksan Transformers IPO is an SME IPO raising ₹150 Cr at ₹258 – ₹273 a share. The smallest application you can make is 400 shares, costing ₹1,09,200 at the top of the band. Bidding closes on 15 Sept 2026 and the shares list on 18 Sept 2026. So far it has been subscribed 1.29× in total.

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₹258 – ₹273

Price band

₹1,09,200

Minimum to apply (400 shares)

₹150 Cr

Issue size

15 Sept 2026

Bidding closes

1.29×Subscribed · all exchanges

Just covered — bids slightly exceed the 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	40,52,000	3.87×
Others	no separate quota	40,52,000	n/a
Foreign Institutional Investors	no separate quota	—	n/a
Domestic Financial Institutions	no separate quota	—	n/a
Mutual Funds	no separate quota	—	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	10,62,000	4,03,200	0.38×
Corporates	no separate quota	2,78,400	n/a
Individuals	no separate quota	1,24,800	n/a
Others	no separate quota	—	n/a
Retail Ordinary investors bidding up to ₹2 lakh	18,33,600	6,32,800	0.35×
Cut Off	no separate quota	—	n/a
Price Bids	no separate quota	6,32,800	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	50,88,000	1.29×

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 11 Sept, 05:15 pm IST.

How demand built

Our own series — the exchanges publish a running total and never a history.14 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×

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