Raksan Transformers IPO listing: listed at ₹273, flat at the issue price
Raksan Transformers listed on BSE SME on 18 Sep 2026 at ₹273 per share, ₹0 (0.0%) against the upper price band of ₹273. The issue (price band ₹258 – ₹273, bidding 10 Sep 2026 to 15 Sep 2026) was subscribed 47.43x overall. The last grey-market premium we captured before listing was ₹16 on 17 Sep 2026 (daily average of 13 quotes), which implied a listing price of ₹289; the shares listed at ₹273, ₹16 below that.
Updated 6 Oct 2026, 19:02 IST. Dated dealer references.
Listing day facts
| Listing date | 18 Sep 2026 |
|---|---|
| Exchange | BSE SME |
| Listing price | ₹273 |
| Upper price band (issue price basis) | ₹273 |
| Gain or loss vs upper band | ₹0 per share (0.0%) |
| Price band | ₹258 – ₹273 |
| Issue dates | 10 Sep 2026 to 15 Sep 2026 |
| Subscription (overall, at close) | 47.43x, as of 15 Sep 2026 |
| Lot size | 400 shares |
| Gain or loss per lot vs upper band | ₹0 |
Grey-market premium against the actual listing
The last grey-market premium we captured before listing was ₹16 on 17 Sep 2026 (daily average of 13 quotes), which implied a listing price of ₹289; the shares listed at ₹273, ₹16 below that.
| Date | GMP | Implied listing price | Actual listing vs implied | Quotes captured |
|---|---|---|---|---|
| 17 Sep 2025 | ₹21 | ₹294 | −₹21 (−7.1%) | 1 |
| 8 Sep 2026 | ₹25 | ₹298 | −₹25 (−8.4%) | 1 |
| 9 Sep 2026 | ₹25 | ₹298 | −₹25 (−8.4%) | 10 |
| 10 Sep 2026 | ₹25 | ₹298 | −₹25 (−8.4%) | 10 |
| 11 Sep 2026 | ₹28 | ₹301 | −₹28 (−9.3%) | 12 |
| 12 Sep 2026 | ₹30 | ₹303 | −₹30 (−9.9%) | 11 |
| 13 Sep 2026 | ₹30 | ₹303 | −₹30 (−9.9%) | 13 |
| 14 Sep 2026 | ₹42 | ₹315 | −₹42 (−13.3%) | 11 |
| 15 Sep 2026 | ₹54 | ₹327 | −₹54 (−16.5%) | 12 |
| 16 Sep 2026 | ₹50 | ₹323 | −₹50 (−15.5%) | 12 |
| 17 Sep 2026 | ₹16 | ₹289 | −₹16 (−5.5%) | 13 |
GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged by day. Only the price band and the exchange listing price are official.
Frequently asked questions
What was the Raksan Transformers IPO listing price?
Raksan Transformers listed on BSE SME on 18 Sep 2026 at ₹273 per share.
How did Raksan Transformers list against the issue price?
The listing price of ₹273 was ₹0 per share (0.0%) against the upper price band of ₹273.
What did the grey market indicate before Raksan Transformers listed?
The last grey-market premium we captured before listing was ₹16 on 17 Sep 2026 (daily average of 13 quotes), which implied a listing price of ₹289; the shares listed at ₹273, ₹16 below that. GMP is unofficial and not a forecast.
Where do Raksan Transformers shares trade now?
On BSE SME. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.
Raksan Transformers IPO overview · GMP history · Subscription status · Allotment status
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Ask · Community · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
Part of the Gayatri Financial Synergy group (gayatrifin.com): AMFI-registered mutual fund distributor, Faridabad, since 2002.
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
