Raksan Transformers SME IPO GMP History
Raksan Transformers SME IPO has been listed on September 18, 2026 at a listing price of ₹273, against the issue price of ₹273 — a gain of ₹0 (+0%). The GMP peaked at ₹61 on 14 September 2026 and reached a low of ₹11 on 18 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Raksan Transformers SME IPO raised ₹150.5 Cr. through its IPO at a price band of ₹258 to ₹273 per share, with a lot size of 400 shares. The IPO was open for subscription from 10 Sep 2026 to 15 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 18 Sep, 6:32 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 Sep 2026 | ₹ 11 | — | 4.03% | — | — |
| 17 Sep 2026 | ₹ 11 | ▼ | 4.03% | — | — |
| 16 Sep 2026 | ₹ 21 | ▼ | 7.69% | — | — |
| 15 Sep 2026 | ₹ 50 | ▼ | 18.32% | — | — |
| 14 Sep 2026 | ₹ 61 | ▲ | 22.34% | — | — |
| 13 Sep 2026 | ₹ 30 | — | 10.99% | — | — |
| 12 Sep 2026 | ₹ 30 | — | 10.99% | — | — |
| 11 Sep 2026 | ₹ 30 | ▲ | 10.99% | — | — |
| 10 Sep 2026 | ₹ 28 | ▲ | 10.26% | — | — |
| 09 Sep 2026 | ₹ 25 | — | 9.16% | — | — |
| 08 Sep 2026 | ₹ 25 | — | 9.16% | — | — |
Raksan Transformers SME IPO dates
Key dates from opening to listing. Today is 23 October.
- Open 10 Sep 2026
- Close 15 Sep 2026
- Allotment 16 Sep 2026
- Refund/credit 17 Sep 2026
- Listing 18 Sep 2026
Raksan Transformers SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹273 |
|---|---|
| GMP-based estimate (pre-listing) | ₹284 (+4%) |
| Listing gain / loss | +₹0 per share |
| Listing date | 18 Sep, 2026 |
| Actual listing price | ₹273 (+0%) |
Is Raksan Transformers SME IPO GMP reliable?
Grey market premium for Raksan Transformers SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Raksan Transformers SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Raksan Transformers SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Raksan Transformers SME IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Raksan Transformers SME IPO
Raksan Transformers Limited was started in July 1995. It makes transformers of different voltage ratings and holds ISO 9001:2015 certification.
Its range covers distribution transformers, power transformers, transformers made for solar projects and special purpose transformers. These are used in power generation, in transmission and distribution networks, and in industrial and infrastructure projects. The company began by repairing and servicing distribution and power transformers, and started manufacturing them in 2005-06.
It runs two manufacturing units at Rai in Sonepat district of Haryana, spread over about 2,025 square metres and 1,012.5 square metres, with a combined installed capacity of about 15,00,000 KVA for distribution transformers and 1,350 MVA for power transformers. The units have machinery for core cutting, coil winding, assembly, tank fabrication, oil filtration, welding and testing, and the company also does core cutting and slitting, wire and strip drawing and tank fabrication in house, along with its own testing laboratory for routine and type tests. Its customers include government bodies, power distribution corporations, public sector undertakings, utility companies, EPC contractors and industrial clients.
Frequently asked
What is the GMP of Raksan Transformers SME IPO?
The current Grey Market Premium (GMP) of Raksan Transformers SME IPO is ₹ 11.
What is the Kostak Price of Raksan Transformers SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Raksan Transformers SME IPO is not available.
What is the Subject to Sauda Price of Raksan Transformers SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Raksan Transformers SME IPO?
Raksan Transformers SME IPO listed on September 18, 2026 at ₹273, against the issue price of ₹273 — a gain of +0%.
How did the GMP of Raksan Transformers SME IPO trend before listing?
The GMP of Raksan Transformers SME IPO was stable in its final days before listing. The GMP peaked at ₹61 on 14 September 2026. View the day-wise table above for the complete GMP history.
Explore Raksan Transformers SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
