Raksan Transformers SME IPO Subscription
ListedUpdated 18 September 2026, 9:15 AM IST· BSE SME
Raksan Transformers SME IPO subscription closed on 15 September 2026 at 47.50x overall by shares. QIB demand came in at 70.51x, NII at 60.81x, and retail at 28.66x. See Retail, SHNI, and BHNI allotment chances in the…
Raksan Transformers SME IPO subscription closed on 15 September 2026 at 47.50x overall by shares. QIB demand came in at 70.51x, NII at 60.81x, and retail at 28.66x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 16 September 2026. Listing date on NSE and BSE is 18 September 2026.
Raksan Transformers SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Sept 2026 | 1.17x | 0.41x | 0.13x | 0.49x |
| Day 2 - 11 Sept 2026 | 3.87x | 0.16x | 0.35x | 1.31x |
| Day 3 - 15 Sept 2026 | 70.51x | 60.46x | 28.66x | 47.43x |
Raksan Transformers SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Raksan Transformers SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 28.66x | 1 in 29 |
| SHNI (Rs 2L to Rs 10L) | 35.32x | 1 in 35 |
| BHNI (above Rs 10L) | 21.41x | 1 in 21 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Raksan Transformers SME IPO Allotment Status page from 16 September 2026 for your result.
Raksan Transformers SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 273.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 28.59 Cr | Rs 2,015.79 Cr | 70.51x |
| FII | - | Rs 246.54 Cr | - |
| DFI | - | Rs 234.23 Cr | - |
| Mutual Funds | - | Rs 13.49 Cr | - |
| Other | - | Rs 1,521.53 Cr | - |
| NII | Rs 21.46 Cr | Rs 1,304.83 Cr | 60.81x |
| bNII (above Rs 10L) | Rs 14.31 Cr | Rs 1,036.55 Cr | 72.46x |
| Corporate | - | Rs 22.06 Cr | - |
| Individual | - | Rs 993.18 Cr | - |
| Other | - | Rs 21.30 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 7.15 Cr | Rs 268.28 Cr | 37.51x |
| Corporate | - | Rs 6.67 Cr | - |
| Individual | - | Rs 253.74 Cr | - |
| Other | - | Rs 7.87 Cr | - |
| IND | Rs 50.06 Cr | Rs 1,434.52 Cr | 28.66x |
| Fixed price | - | Rs 1,434.52 Cr | - |
| Total | Rs 100.10 Cr | Rs 4,755.14 Cr | 47.50x |
Raksan Transformers SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 2,618 | 94 | 0.04x |
| FII | - | 16 | - |
| DFI | - | 5 | - |
| Mutual Funds | - | 2 | - |
| Other | - | 71 | - |
| NII | 655 | 17,055 | 26.04x |
| bNII (above Rs 10L) | 437 | 9,355 | 21.41x |
| Corporate | - | 134 | - |
| Individual | - | 9,026 | - |
| Other | - | 195 | - |
| sNII (Rs 2L to Rs 10L) | 218 | 7,700 | 35.32x |
| Corporate | - | 199 | - |
| Individual | - | 7,263 | - |
| Other | - | 238 | - |
| IND | 2,292 | 65,683 | 28.66x |
| Fixed price | - | 65,683 | - |
| Total | 5,565 | 82,832 | 14.88x |
What Do These Subscription Numbers Mean?
47.50x overall by shares means bids covered about 48 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 70.51x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (26.04x by applications). Split: SHNI 35.32x, BHNI 21.41x by applications. SHNI and BHNI allotment is by lottery.
At 28.66x subscription by applications, about 1 in 29 retail applicants may get allotment (~3% chance per application). Retail allotment is also by lottery.
Raksan Transformers SME IPO GMP After Subscription
GMP for Raksan Transformers SME stands at Rs 12.00 today, giving an estimated listing price of Rs 285.00 per share.
The GMP has moved lower from Rs 25.00 on 8 Sept 2026 to Rs 12.00 on 18 Sept 2026.
A subscription of 47.50x combined with a GMP of 4.40% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Raksan Transformers SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Raksan Transformers SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 September 2026 |
| IPO Close Date | 15 September 2026 |
| Allotment Date | 16 September 2026 |
| Refund Initiation | 17 September 2026 |
| Share Credit to Demat | 17 September 2026 |
| Listing Date | 18 September 2026 |
| Minimum Investment | Rs 2,18,400.00 |
| Lot Size | 400 shares |
About Raksan Transformers SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Raksan Transformers SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Raksan Transformers SME Details
Issue size, price, financials, and company info
Raksan Transformers SME GMP
Live grey market premium and listing estimate
Raksan Transformers SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Raksan Transformers SME Allotment
Allotment date, chances, and check by PAN
Raksan Transformers SME Review
SWOT, strengths, risks, and IPO review
Raksan Transformers SME FAQ
Common questions on dates, GMP, and allotment
Raksan Transformers SME Registrar
Registrar website and how to check allotment
Raksan Transformers SME Timeline
Open, close, allotment, and listing dates
Raksan Transformers SME News
Updates, blogs, and latest IPO news
Raksan Transformers SME IPO Subscription FAQs
What is Raksan Transformers SME IPO subscription status today?
Raksan Transformers SME IPO subscription closed on 15 September 2026 with overall subscription of 47.50x (by shares) as of 12 October 2026, 5:32 AM IST. QIB 70.51x, NII 26.04x, IND 28.66x.
What is the overall subscription of Raksan Transformers SME IPO?
Raksan Transformers SME IPO is subscribed 47.50x overall by shares at close on 15 September 2026. QIB 70.51x, NII 26.04x, and IND 28.66x.
What is Raksan Transformers SME IPO QIB subscription?
Raksan Transformers SME IPO QIB (Qualified Institutional Buyers) subscription is 70.51x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Raksan Transformers SME IPO IND subscription?
Raksan Transformers SME IPO IND subscription is 28.66x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Raksan Transformers SME IPO NII, SHNI, and BHNI subscription?
Raksan Transformers SME IPO NII subscription is 26.04x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 35.32x and BHNI (above Rs 10L) at 21.41x.
What are Raksan Transformers SME IPO retail allotment chances?
At 28.66x subscription by applications, about 1 in 29 retail applicants may get allotment (~3% chance per application). Allotment is by lottery.
What are Raksan Transformers SME IPO SHNI allotment chances?
At 35.32x subscription by applications, about 1 in 35 SHNI applicants may get allotment (~3% chance per application). Allotment is by lottery. Share subscription was 37.51x. Allotment chances use applications, not share volume.
What are Raksan Transformers SME IPO BHNI allotment chances?
At 21.41x subscription by applications, about 1 in 21 BHNI applicants may get allotment (~5% chance per application). Allotment is by lottery. Share subscription was 72.46x. Allotment chances use applications, not share volume.
When is Raksan Transformers SME IPO allotment date?
Raksan Transformers SME IPO allotment date is 16 September 2026. Check Raksan Transformers SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Raksan Transformers SME IPO subscription close?
Raksan Transformers SME IPO subscription closed on 15 September 2026. No new applications are accepted after the close.
What is Raksan Transformers SME IPO GMP today?
Raksan Transformers SME IPO GMP is ₹12 today (+4.40% over issue price ₹273). See live GMP on the Raksan Transformers SME IPO GMP Today page.
What is Raksan Transformers SME IPO issue price and lot size?
Raksan Transformers SME IPO issue price is ₹273 per share. Lot size is 400 shares. Minimum investment is ₹2,18,400 per lot (minimum 2 lots for SME). Issue size: ₹150.50 Cr.
When is Raksan Transformers SME IPO listing date?
Raksan Transformers SME IPO listing date is 18 September 2026 on NSE and BSE. Allotment is on 16 September 2026.
How does subscription affect Raksan Transformers SME IPO allotment?
In Raksan Transformers SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 47.50x overall, competition is high.
For allotment results from 16 September 2026, visit the Raksan Transformers SME IPO Allotment Status page. For listing day updates on 18 September 2026, download the IPOwiz App.
Sources
We match Raksan Transformers SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.