Raksan Transformers IPO Subscription Status
Final figures at close of bidding: 18 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 70.51x |
| NII | 60.46x |
| sNII (₹2L–₹10L) | 37.65x |
| bNII (above ₹10L) | 71.8x |
| Retail (RII) | 28.66x |
| Total | 47.43x |
Bidding day 6
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 1.17x | 0.07x | 0.57x | 0.13x | 0.49x |
| Day 2 | 3.87x | 0.24x | 0.12x | 0.35x | 1.31x |
| Day 3 | 3.87x | 0.24x | 0.12x | 0.35x | 1.31x |
| Day 4 | 3.87x | 0.24x | 0.12x | 0.35x | 1.31x |
| Day 5 | 3.87x | 0.24x | 0.12x | 0.35x | 1.31x |
| Day 6 | 70.51x | 37.65x | 71.8x | 28.66x | 47.43x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Raksan Transformers IPO ran across 6 recorded days: overall subscription stood at 0.49× at the close of day 1, read 1.31× at the end of day 2, read 1.31× at the end of day 3, read 1.31× at the end of day 4, read 1.31× at the end of day 5, and finished at 47.43× on day 6. On the final day it was qualified institutional buyers (QIB) driving the book, at 70.51× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 6, when the overall multiple moved from 1.31× to 47.43×.
Category detail
Institutional demand closed at 70.51× of the QIB quota. Non-institutional investors came in at 60.46×, split 37.65× in the small-NII bucket (bids under ₹10 lakh) and 71.8× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 28.66× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 70.51× and retail investors at the bottom at 28.66×.
What the multiple means for allotment
A retail multiple of 28.66× means bids in the category outnumbered the shares set aside for it roughly 28.66 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 400 shares — ₹1,09,200 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Raksan Transformers IPO open and close?
- The Raksan Transformers IPO opens on 10 Sept 2026 and closes on 15 Sept 2026.
- How many times was the Raksan Transformers IPO subscribed?
- The Raksan Transformers IPO was subscribed 47.43 times in total across all investor categories.
- What is the reservation split in the Raksan Transformers IPO?
- Of the total shares offered, retail investors get 35.01%, QIBs 20% (plus 29.98% anchor), non-institutional investors 15.01%.