Raksan Transformers Limited (SME)

Minimum Investments

₹2,06,400

Price Range

₹258 - ₹273

Issue Size

₹150.50 Cr

Lot Size

400shares

This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 400 shares after listing.

Proceeds of this IPO to be used for

Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, sub- tehsil Rai, Distt. Sonepat, Haryana

To meet working capital requirements

Repayment of certain borrowing availed by the company, in part or full

General corporate purpose

Strengths & Weaknesses

In-house manufacturing operations

The company operates two well-equipped manufacturing facilities with in-house capabilities for core processing, wire and strip drawing, tank fabrication, product design and testing, enabling efficient and timely production. Its established infrastructure and industry experience provide better control over quality, reduce third-party dependence and support cost-effective, customised solutions

Quality control

The company maintains stringent quality controls, including material inspections, testing and pre-dispatch checks, supported by ISO 9001:2015 certification, BIS approval and BEE energy-efficiency certification. Its focus on quality and customer-specific testing helps ensure product reliability, retain existing customers and attract new customers

Client relationship

The company has long-standing relationships with government entities, power utilities, EPC contractors and industrial customers, serving around 135 customers and being an approved vendor for over 20 entities. Consistent product quality and timely delivery support customer retention, new client acquisition and business expansion

Inventory management risks

The company’s ability to meet customer demand depends on maintaining optimal inventory levels, while inaccurate demand forecasts could result in excess inventory or product shortages. Excess inventory may lead to write-offs and discounted sales, while insufficient inventory could cause delivery delays, customer loss and reduced market share

Seasonal demand

The company’s business is subject to seasonal and cyclical variations, as government tenders and delivery schedules in the power sector depend on budget allocations, approvals and regulatory factors. Uneven tender issuance and changes in delivery schedules may cause fluctuations in quarterly revenue and profitability, making past financial performance less indicative of future results

Cyber security risks

The company faces risks from cyber threats such as hacking, phishing, data theft and unauthorised access, which could disrupt operations and compromise customer information. Failure to comply with evolving privacy and data protection regulations could result in penalties, litigation, reputational damage and adverse effects on its financial performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Mar 2026	Y/Y Change
Operating Revenue	363.11	+12.00%
Other Income	0.52	-8.77%
Total Income	363.63	+11.96%
Total Expenditure	318.44	+7.21%
EBIDT	47.62	+56.90%
Depreciation	1.38	+43.75%
Interest	1.06	-35.37%
Tax	11.58	+57.12%
Net Profit	33.60	+64.87%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2026
Total Current Assets	101.55
Total Non-Current Assets	54.04
Fixed assets	45.24
Total Assets	155.59
Total Current liabilities	69.13
Total Non Current Liabilities	9.04
Total Equity Plus Liabilities	155.59
Total Shareholder Funds	77.42
Total Debt to Equity	27.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2026
Cash from Operating Activity	14.89
Cash from Financing Activities	-3.68
Cash from Investing Activities	-11.19
Net Cash Flow	0.02

About the Company

Raksan Transformers was incorporated on July 21, 1995. The company manufactures transformers across various voltage ratings, including distribution, power, solar and special-purpose transformers for power generation, transmission and distribution applications. Its products serve diverse industrial and infrastructure projects, with a focus on quality, reliability, standardised manufacturing practices and industry compliance

Promoter
Sanjeev Kanda
Promoter
Dievam Singh Kanda
Promoter
Renu Kanda

FAQs for Raksan Transformers Limited IPO

Raksan Transformers Limited IPO refers to the initial public offering of shares by Raksan Transformers Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Raksan Transformers Limited IPO the issue size is ₹151 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Raksan Transformers Limited IPO the minimum investment is ₹2.1 L. The minimum investment for Raksan Transformers Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Raksan Transformers Limited IPO the lot size is 400 shares. The lot size of Raksan Transformers Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Raksan Transformers Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Raksan Transformers Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Raksan Transformers Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Raksan Transformers Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Raksan Transformers Limited IPO the allotment date is 16 Sep 2026. The allotment date of Raksan Transformers Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Raksan Transformers Limited IPO, the subscription opens on 10 Sep 2026 and closes on 15 Sep 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.