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.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 321-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 13 specific to this company; 58 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
supply of transformers to public utility companies including government entities constituted 50.73%, 72.99% and 56.13% of our revenue from operations during the in Fiscal 2026, Fiscal 2025 and Fiscal 2024
amounting to Rs. 35272.22 lakhs, Rs. 31668.31 lakhs and Rs. 15137.40 lakhs for Fiscal Years 2026, 2025, and 2024 respectively, representing 97.13%, 97.67% and 94.05% of our total revenue
We derived 71.49%, 82.82% and 83.52% respectively, of our total revenue from operations from the sale of products to our top 10 customers
Cash and cash equivalents as at the end of the year 22.57 20.77 464.04
Performance bank Guarantee given by company 1747.88 416.73 484.40 Capital Commitments 4675.75 430.53
we have not placed final orders for civil work, machineries and equipment aggregating to Rs. 1751.96 lakhs...representing approximately 75.86% of the proposed capital expenditure
During the past, our Company has faced challenges in adhering to various statutory provisions, spanning key regulations such as the Goods and Services Tax Act, the Employees Provident Fund and the Employees State Insurance Act...there have been delays primarily manifested in areas such as the depositing of GST amounts, provident fund contributions
our Promoter and Promoter Group collectively hold 100% of our pre-Offer Equity Share capital...our Promoter and Promoter Group are under no obligation to offer business opportunities to the Company and may invest in competing ventures
we were abstained for bidding for 3 consecutive tenders vide an order dated June 20, 2019 by Paschimanchal Vidyut Vitran Nigam Limited, Meerut
Our manufacturing facilities are concentrated in Sonipat, Haryana any events impacting those geographical areas may disrupt our production
information relating to above mentioned forms filed by the Company prior to the year 2006 could not be traced
our ratings are 'IVR BBB/Positive' & 'IVR A3+' by Infomerics Rating
Mr. Sanjeev Kanda, one of our Promoter Director, was previously associated as a director in the L S Steel Fabrication Private Limited, which was voluntarily struck off from the records of the Registrar of Companies
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 0 | 0 | — |
| Promoters | 0 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
All litigation categories — criminal, regulatory/statutory, disciplinary by SEBI/stock exchanges, material civil and tax (Income Tax outstanding demand, TDS, GST) — are reported as Nil across the Company, Promoters, Directors (Sanjeev Kanda, Renu Kanda, Dievam Kanda, Kamal Dev Arora, Lokesh Vats), KMPs/SMPs and the sole Group Company (SHR Powers Private Limited). There is no subsidiary. Aggregate litigation amount not stated (no proceedings). Materiality threshold for classification: lower of (a) 2% of turnover = Rs. 726.22 lakhs, (b) 2% of net worth = Rs. 154.83 lakhs, (c) 5% of avg. absolute PAT = Rs. 102.62 lakhs — adopted as Rs. 102.62 lakhs per board resolution dated 24-Sep-2025. All amounts in tax proceedings table (p232) were stated in lakhs; converted at 1 crore = 100 lakhs (here all Nil, so no converted amount). Separately, outstanding trade payables as on 31-Mar-2026 total Rs. 4,351.85 lakhs (Rs. 43.52 cr approx.; 131 creditors incl. 7 material creditors of Rs. 2,399.76 lakhs), but this is a creditor ageing disclosure and not a litigation amount.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
