About the Raksan Transformers IPO
Raksan Transformers is a SME issue listing on BSE SME with an issue size of 150.5. The price band is ₹258-273 per share and one lot is 400 shares. Bidding runs from 10 Sep 2026 to 15 Sep 2026. SME issues have a larger minimum application; one lot costs ₹1,09,200 at the upper band, so check the offer document for the minimum number of lots.
What the GMP implies
At the last recorded GMP of ₹11, the grey market is pricing Raksan Transformers at about ₹284 on listing, against the upper price band of ₹273, or roughly ₹4,400 per lot.
.GMP changes daily and is often wrong on listing day: it is an unofficial figure from informal dealers, not a price you can trade at.
Raksan Transformers IPO key dates
| Bidding opens | 10 Sep 2026 |
| Bidding closes | 15 Sep 2026 |
| Allotment | 16 Sep 2026 |
| Refunds start | 17 Sep 2026 (expected) |
| Shares credited to demat | 17 Sep 2026 (expected) |
| Listing | 18 Sep 2026 |
Dates marked "expected" follow SEBI's T+3 timeline from the closing date and change if the company announces otherwise.
How much to apply with
| Category | Lots | Shares | Amount |
|---|---|---|---|
| One lot | 1 | 400 | ₹1,09,200 |
| Two lots | 2 | 800 | ₹2,18,400 |
SME issues set their own minimum application; check the offer document.
How to apply
1. Open the IPO section in your broker app, or ASBA in your bank's net banking.
2. Pick Raksan Transformers, enter the number of lots and bid at the cut-off price.
3. Approve the UPI mandate on your phone before the closing day's cut-off.
4. Check allotment after 16 Sep 2026 using the button above.