Raksan Transformers Limited
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Raksan Transformers Limited's has transitioned to a publicly listed entity following its IPO debut on Sep 18, 2026 at the BSE exchange. The public offering successfully raised 55,12,800 Shares, consisting of 44,12,800 Sharesin new capital and ₹30.03 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹258 to ₹273 and minimum application size of 400 shares. Market reception was evidenced through subscription activity between Sep 10, 2026 and Sep 15, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on Sep 16, 2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1995, Raksan Transformers Ltd. specializes in the repair and servicing of distribution and power transformers. As of March 31, 2025, it operates two manufacturing units in Rai, District Sonepat, Haryana, with areas of approximately 2,025 sq. m and 1,012.5 sq. m. The company’s product range includes distribution transformers, power transformers, transformers for solar applications, and special purpose transformers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Manufacturing Facilities: The company operates two manufacturing units in Sonipat, Haryana, with integrated in-house operations that support efficient production and better operational control.
- Strong Quality Standards: The company follows strict quality checks and has ISO 9001:2015 certification, BIS approval for transformers up to 2500 kVA, and BEE Level 2/3 energy efficiency certification.
- Experienced Leadership: Led by Mr. Sanjeev Kanda, who has over 30 years of experience in the transformer industry, supported by a skilled management team with expertise in manufacturing, finance and regulatory compliance.
- Dependence on Government Tenders: A significant share of revenue comes from government and public sector tenders. Failure to secure new contracts could affect revenue and future business growth.
- Execution & Delivery Risk: Delays in manufacturing, supply chains or third-party execution could result in order cancellations, penalties or additional costs.
- High Working Capital Requirement: Transformer manufacturing requires significant funds for raw materials, inventory and project execution. Any shortage of working capital could affect operations and business growth.
- Sanjeev Kanda
- Dievam Singh Kanda
- Renu Kanda
Raksan Transformers Limited
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