Listed SME

Raksan Transformers IPO Subscription Status

Q: What is the current subscription status of Raksan Transformers IPO?

As of IPO close date (15 Sep, 2026), the Raksan Transformers IPO is subscribed 44.18x times. Retail category is 28.66x, and NII is 45.01x subscribed.

Q: When is the allotment date for Raksan Transformers IPO?

The allotment for Raksan Transformers IPO is expected to be finalized on 16 September, 2026.

Q: What is the GMP of Raksan Transformers?

The Grey Market Premium (GMP) for Raksan Transformers is currently ₹11, indicating a potential listing gain of 4.03%.

Q: When will Raksan Transformers IPO list on the stock market?

Raksan Transformers is scheduled to list on BSE and NSE on 18 September, 2026.

Q: What are the chances of getting allotment in Raksan Transformers IPO?

The retail category is oversubscribed at 28.66x, meaning allotment is by lottery. Statistically, approximately 1 in 29 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

Q: What does QIB subscription of 70.51x mean for Raksan Transformers IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 70.51x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

Q: How to check Raksan Transformers IPO allotment status?

After the allotment date (16 Sep, 2026), you can check your Raksan Transformers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Raksan Transformers IPO was subscribed 44.18 times when bidding closed on 15 Sep 2026: QIB 70.51x, NII 45.01x, Retail 28.66x.

The Raksan Transformers IPO has been subscribed 44.18x times overall. Retail investors have shown interest with bids for 28.66x the shares available. The Non-Institutional Investor (NII) category has been subscribed 45.01x. Within NII, Big HNI (B-HNI) subscribed 72.4x and Small HNI (S-HNI) subscribed 37.65x. Qualified Institutional Buyers (QIBs) have subscribed 70.51x. Data last updated on 18 Sep, 06:32 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 10 Sep, 2026 and closes on 15 Sep, 2026. The shares are expected to list on stock exchanges on 18 Sep, 2026.

Full details Check GMP

Final subscription

44.18x

82,413 applications

Category-wise bids →

QIB

70.51x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

45.01x

High-net-worth bids above ₹2 lakh

HNI allotment odds →

Retail

28.66x

Lottery for 1 lot — about 1 out of 13 win

Retail allotment odds →

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 18 Sep 2026, 6:32 PM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Applications	Bid details	Times
QIB	10,47,200	7,38,38,400	75	7,38,38,400 of 10,47,200 75 applications	70.51x
1(a) Foreign Institutional Investors (FIIs)	0	90,30,800	16	90,30,800 16 applications
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)	0	85,80,000	5	85,80,000 5 applications
1(c) Mutual Funds	0	4,94,000	2	4,94,000 2 applications
1(d) Others	0	5,57,33,600	71	5,57,33,600 71 applications
NII	10,62,000	4,77,96,000	17,085	4,77,96,000 of 10,62,000 17,085 applications	45.01x
bHNI — bid amount above ₹10 Lakh	5,24,400	3,79,68,800	9,356	3,79,68,800 9,356 applications	72.4
2.1(a) Corporates	0	8,08,000	134	8,08,000 134 applications
2.1(b) Individuals (other than RIIs)	0	3,63,80,400	9,026	3,63,80,400 9,026 applications
2.1(c) Others	0	7,80,400	195	7,80,400 195 applications
sHNI — bid amount ₹2–10 Lakh	2,61,000	98,27,200	7,729	98,27,200 7,729 applications	37.65
2.2(a) Corporates	0	2,44,400	199	2,44,400 199 applications
2.2(b) Individuals (other than RIIs)	0	92,94,400	7,263	92,94,400 7,263 applications
2.2(c) Others	0	2,88,400	238	2,88,400 238 applications
Retail	18,33,600	5,25,46,400	65,253	5,25,46,400 of 18,33,600 65,253 applications	28.66x
TOTAL	39,42,800	17,41,80,800	82,413	17,41,80,800 82,413 applications	44.18x

Raksan Transformers IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹273.

Applications

82,436

Allottees

3,043

Overall odds

1 out of 27

Amount collected

₹4,796 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 29.01x subscribed	98	7,59,12,800 ₹2,072 Cr	26,17,200 29.01x subscribed	96	1 out of 11 out of 1
Ex. Anchor Ex. Anchor	75	7,37,81,200	10,47,200 · 70.46x	73	18 out of 1918 out of 19
Anchor Anchor Investors	23	21,31,600	15,70,000 · 1.36x	23	AllAll allotted
NII (HNI) 60.53x subscribed	17,085	4,75,75,600 ₹1,298 Cr	7,86,000 60.53x subscribed	655	1 out of 261 out of 26
bNII >₹10L bNII — above ₹10 Lakh	9,356	3,77,00,800	5,24,400 · 71.89x	437	1 out of 201 out of 20
sNII <₹10L sNII — below ₹10 Lakh	7,729	98,74,800	2,61,600 · 37.75x	218	1 out of 351 out of 35
Retail 28.47x subscribed	65,253	5,22,02,400 ₹1,425 Cr	18,33,600 28.47x subscribed	2,292	1 out of 281 out of 28
TOTAL 33.55x subscribed	82,436	17,56,90,800	52,36,800 33.55x subscribed	3,043	1 out of 271 out of 27

Raksan Transformers IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

1 out of 13

~7% chance per PAN — 65,253 applicants for 4,584 allotment slots. Winners get exactly 1 lot (₹1.1 L) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 out of 24

~4.2% chance — 7,729 applicants for 326 allotment slots. Lottery allots the minimum S-HNI application of 2 lots (₹2.2 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 out of 13

~7% chance — 9,356 applicants for 655 allotment slots. Lottery allots the minimum NII application of 2 lots (₹2.2 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.

QIB (institutions)

70.51x

Proportionate allotment — at 70.51x, institutions receive ~1.4% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 29 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 70.51x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	NII	Retail
15 Sep 2026 Day 4	44.18x	70.51x	45.01x	28.66x	▼
QIB70.51x NII45.01x Retail28.66x
14 Sep 2026 Day 3	1.3x	3.87x	0.38x	0.36x	▼
QIB3.87x NII0.38x Retail0.36x
11 Sep 2026 Day 2	1.29x	3.87x	0.38x	0.35x	▼
QIB3.87x NII0.38x Retail0.35x
10 Sep 2026 Day 1	0.45x	1.17x	0.3x	0.13x	▼
QIB1.17x NII0.3x Retail0.13x

Raksan Transformers SME IPO dates

From the bidding window to listing. Today is 23 October.

Key dates Listed

Open 10 Sep 2026
Close 15 Sep 2026
Allotment 16 Sep 2026
Refund/credit 17 Sep 2026
Listing 18 Sep 2026

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Raksan Transformers IPO?

As of IPO close date (15 Sep, 2026), the Raksan Transformers IPO is subscribed 44.18x times. Retail category is 28.66x, and NII is 45.01x subscribed.

When is the allotment date for Raksan Transformers IPO?

The allotment for Raksan Transformers IPO is expected to be finalized on 16 September, 2026.

What is the GMP of Raksan Transformers?

The Grey Market Premium (GMP) for Raksan Transformers is currently ₹11, indicating a potential listing gain of 4.03%.

When will Raksan Transformers IPO list on the stock market?

Raksan Transformers is scheduled to list on BSE and NSE on 18 September, 2026.

What are the chances of getting allotment in Raksan Transformers IPO?

The retail category is oversubscribed at 28.66x, meaning allotment is by lottery. Statistically, approximately 1 in 29 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 70.51x mean for Raksan Transformers IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 70.51x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Raksan Transformers IPO allotment status?

After the allotment date (16 Sep, 2026), you can check your Raksan Transformers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Raksan Transformers SME IPO further

Track every stage of this IPO, from subscription to listing.

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IPO details

It has listed — go back to the fundamentals.

₹258 to ₹273

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GMP today

Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.

GMP ₹11 (4.03%)

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IPO review

What brokers and analysts are saying about this issue, in one place.

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Allotment status

Check with your PAN whether shares were credited to your demat account.

Allotment out · 16 Sep

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

44.18x

QIB

70.51x

NII

45.01x

Retail

28.66x

Full IPO details