Raksan Transformers IPO Closes with 47.43x Subscription
Varda Khade
- 0 min read
Last Updated: 15th September 2026 - 05:15 pm
Raksan Transformers IPO was subscribed 47.43 times by 5:06 PM on Day 3, September 15, 2026. The public issue received bids for 17,39,04,800 shares against 36,66,800 shares available for subscription, based on the provided subscription data.
Qualified Institutional Buyers (QIB) led the bidding on Day 3, with their reserved portion subscribed 70.51 times. The Non-Institutional Investors (NII) portion was subscribed 60.46 times, while the Individual Investor portion recorded 28.66 times subscription.
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| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 10) | 1.17 | 0.41 | 0.13 | 0.49 |
| Day 2 (September 11) | 3.87 | 0.16 | 0.35 | 1.31 |
| Day 3 (September 15) | 70.51 | 60.46 | 28.66 | 47.43 |
Here are the subscription details for Raksan Transformers IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 15,70,000 | 15,70,000 | 42.861 |
| Market Maker | 1 | 2,76,000 | 2,76,000 | 7.535 |
| QIB | 70.51 | 10,47,200 | 7,38,38,400 | 2,015.788 |
| NII | 60.46 | 7,86,000 | 4,75,20,000 | 1,297.296 |
| Individual | 28.66 | 18,33,600 | 5,25,46,400 | 1,434.517 |
| Total | 47.43 | 36,66,800 |
17,39,04,800 |
4,747.601 |
Key Highlights – Day 3
- Raksan Transformers IPO was subscribed 47.43 times overall by 5:06 PM on Day 3.
- The QIB portion led the bidding at 70.51 times.
- The NII portion was subscribed 60.46 times.
- The Individual Investor portion recorded 28.66 times subscription.
Key Highlights – Day 2
- Raksan Transformers IPO was subscribed 1.31 times overall on Day 2.
- The QIB portion led the bidding at 3.87 times.
- The Individual Investor portion was subscribed 0.35 times.
- The NII portion recorded 0.16 times subscription.
Key Highlights – Day 1
- Raksan Transformers IPO was subscribed 0.49 times overall on Day 1.
- The QIB portion led the bidding at 1.17 times.
- The NII portion was subscribed 0.41 times.
- The Individual Investor portion recorded 0.13 times subscription.
About Raksan Transformers
Raksan Transformers Limited manufactures distribution, power, solar and special-purpose transformers. The company operates two manufacturing facilities in Rai, Sonepat, with installed capacity of 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. Its manufacturing infrastructure includes in-house testing, core cutting, wire drawing and tank fabrication facilities. The company is ISO 9001:2015 certified.
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