Raksan Transformers
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Subscription
- Qualified institutionalQIB
- 70.51×
- Big non-institutionalbNII · above ₹10 lakh
- 71.80×
- Small non-institutionalsNII · ₹2–10 lakh
- 37.65×
- Retail individualRII · up to ₹2 lakh
- 28.66×
Bids received
The demand behind each multiple — what was offered, what was bid for, and what those bids are worth
| Category | Shares offered | Shares bid for | Bids (₹ Cr) | Times |
|---|---|---|---|---|
| Qualified institutional | 10,47,200 | 7,38,38,400 | ₹2,016 Cr | 70.51× |
| Non-institutional | 7,86,000 | 4,75,20,000 | ₹1,297 Cr | 60.46× |
| Big non-institutionalwithin NII | 5,25,000 | 3,76,92,800 | ₹1,029 Cr | 71.80× |
| Small non-institutionalwithin NII | 2,61,000 | 98,27,200 | ₹268 Cr | 37.65× |
| Retail individual | 18,33,600 | 5,25,46,400 | ₹1,435 Cr | 28.66× |
| Total | 36,66,800 | 17,39,04,800 | ₹4,748 Cr | 47.43× |
Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 15 Sep, 06:11 pm IST; the registrar publishes the final basis of allotment.
Issue details
- IPO date
- 10 Sep 2026 – 15 Sep 2026
- Listing date
- 18 Sep 2026
- Face value
- ₹10 per share
- Price band
- ₹258 – ₹273
- Issue price
- ₹273 per share
- Lot size
- 400 shares
- Sale type
- Fresh capital cum OFS
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹150 Cr
- Fresh issue
- ₹113 Cr 41,36,800 shares
- Offer for sale
- ₹30.03 Cr 11,00,000 shares
- Market cap at offer price
- ₹570 Cr
- Promoter holding
- 100.00% → 73.61% pre-issue → post-issue
- ISIN
- INE1S7M01017
- CIN
- U31103DL1995PLC184910
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Hem Securities Ltd.
- Registered office
- Shop No. 16, Local Shopping Centre-3, Sector-8, Rohini, North Delhi, New Delhi, Delhi, India, 110085
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 10,47,200 | 28.56% | 26.56% |
| Anchor investor · within QIB | 15,70,000 | — | 39.83% |
| NII (HNI) | 7,85,400 | 21.42% | 19.92% |
| bNII > ₹10L · within NII | 5,24,400 | — | 13.30% |
| sNII < ₹10L · within NII | 2,61,000 | — | 6.62% |
| Retail (RII) | 18,33,600 | 50.01% | 46.51% |
| Employee | 0 | — | 0.00% |
| Market maker | 2,76,000 | — | 7.00% |
| Total issue | 39,42,200 | — | 100.00% |
Net offer to the public of 36,66,200 shares, out of a total issue of 39,42,200. Indented rows sit inside the category above them and are not added to it.
Application size
Minimum 400 shares per lot, in multiples, at ₹273
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 400 | ₹1,09,200 |
| S-HNI (min) | 2 | 800 | ₹2,18,400 |
| S-HNI (max) | 9 | 3,600 | ₹9,82,800 |
| B-HNI (min) | 10 | 4,000 | ₹10,92,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 20.39 | 16.08 |
| P/E (×) | 13.39 | 16.98 |
| Price to book (×) | 10.21 | — |
| Market cap | — | ₹570 Cr |
Key performance indicators
- Return on net worth
- 46.23%
- ROCE
- 55.00%
- Debt / equity
- 0.53
- PAT margin
- 6.28%
- EBITDA margin
- 9.10%
- NAV per share
- ₹26.74
- Price to book
- 10.21
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 363.63 | 324.78 | 162.52 |
| Revenue from operations | 363.11 | 324.21 | 160.95 |
| Other income | 0.52 | 0.57 | 1.58 |
| Total expenses | 318.44 | 297.03 | 152.12 |
| Operating profit | 45.19 | 27.75 | 10.4 |
| Operating margin | 12.43% | 8.54% | 6.40% |
| Profit before tax | 45.19 | 27.75 | 10.4 |
| Profit after tax | 33.6 | 20.38 | 7.59 |
| PAT margin | 9.24% | 6.28% | 4.67% |
| Balance sheet | |||
| Total assets | 155.59 | 117.9 | 67.02 |
| Current assets | 101.55 | 74.04 | 45.27 |
| Current liabilities | 69.13 | 62.48 | 39.33 |
| Total liabilities | 78.17 | 73.78 | 43.29 |
| Net worth | 77.42 | 44.12 | 23.74 |
| Current ratio | 1.47× | 1.19× | 1.15× |
| Return on equity | 43.40% | 46.19% | 31.97% |
| Cash flow | |||
| Operating cash flow | 14.89 | 5.36 | 7.43 |
| Investing cash flow | -11.19 | -22.55 | -7.42 |
| Financing cash flow | -3.68 | 12.76 | 3.58 |
| Net cash flow | 0.02 | -4.43 | 3.58 |
Objects of the issue
1 Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana ₹62.14 Cr
The company proposes to utilize funds for expansion of manufacturing capabilities by building factory shed and installation of additional plant and machinery. The proposed capacity expansion will complement current manufacturing setup and help expand existing capacity for transformer manufacturing.
2 To meet working capital requirements ₹35 Cr
With business expansion, the company will need additional working capital for trade receivables, inventories, payment to trade payables and funding day-to-day operations. The company will meet requirements from net proceeds and balance from borrowings as per requirement.
3 Repayment of certain borrowing availed by our Company, in part or full ₹7.28 Cr
The company proposes to utilize funds towards full or partial repayment of certain borrowings to help reduce outstanding indebtedness, debt servicing costs, assist in maintaining favorable debt to equity ratio and enable utilization of internal accruals for business growth.
4 General Corporate Purpose —
The company intends to deploy remaining fresh issue proceeds for general corporate purposes to drive business growth including meeting operating expenses, initial development costs for projects, strengthening business development and marketing capabilities, meeting exigencies and other purposes as approved by Board.
1 of 4 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.
About Raksan Transformers
Raksan Transformers Limited, formerly a private limited company incorporated in 1995, is now a public company engaged in the design, manufacturing, and supply of transformers. The company operates two manufacturing facilities in Sonipat, Haryana with an installed capacity of 15,00,000 KVA per annum for distribution transformers and 1,350 MVA per annum for power transformers. The company generates revenue primarily from the supply of transformers to government utilities, state electricity boards, and other infrastructure entities. In Fiscal 2026, the company derived 50.73% of its revenue from government and public utility customers (B2G), 49.22% from B2B customers, and 0.05% from B2C customers, with total revenue from operations of Rs. 36,310.82 lakhs. Distribution transformers up to 3,150 KVA constitute the largest segment, accounting for 64.18% of revenue.
Management
Sanjeev Kanda
MD
Dievam Singh Kanda
CEO
Renu Kanda
Director
Kamal Dev Arora
Director
Lokesh Vats
Director
Arvind
CFO
Mukesh Sharma
COO
Aashutosh Kharb
VP of Sales
Ramesh Kumar
Director of Operations
Strengths
As stated in the offer document
Established Manufacturing facility and In-house operations
The company operates two manufacturing facilities spread across 3037.5 sq. mtrs with combined installed production capacity of 15,00,000 KVA for Distribution transformers and 1350 MVA for Power transformers, equipped with comprehensive machinery and in-house capabilities for core cutting, wire drawing, and tank fabrication.
Strong Order Book
As of June 30, 2026, the company has 83 orders in hand aggregating into an order book of Rs. 32,967.92 lakhs, demonstrating consistent growth due to continued focus on quality and customer retention capabilities.
Established relationship with the clients including government entities, power utilities
The company is an approved vendor for over 20 entities including power distribution corporations and public sector undertakings, with a customer base of around 121 customers and revenue from top 5 customers constituting 46.36% of total revenue in FY 2025-26.
Quality assurance
The company has obtained ISO 9001:2015 certification, BIS approval for transformers up to 2500 kVA, and BEE certification for Level 2/3 energy efficiency ratings, ensuring compliance with quality management standards across both manufacturing facilities.
Experienced and Strong Promotors/Management team
The company is led by promoter Sanjeev Kanda with around 31 years of experience in the transformer industry, supported by directors and senior management with diverse experiences in transformer manufacturing, finance, and regulatory compliance.
Track record of profitability and consistent financial performance
The company achieved revenue from operations of Rs. 36,310.82 Lakhs in FY 2025-26 with EBITDA margin of 12.87%, PAT margin of 9.25%, and maintains a debt-to-equity ratio of 0.27:1 as of March 31, 2026.
Risk factors
As stated in the offer document
Heavy Dependence on Government and Public Utility Customers
The company derives 50.73% to 72.99% of its revenue from government and public utility customers, making it highly dependent on government policies, project allocations, and payment cycles. Any adverse developments such as reduced orders, delays in tendering, or policy shifts could significantly affect revenue and profitability.
Competitive Bidding Process Risks
The company's revenue is closely linked to winning competitive tenders from government entities, with no assurance of consistent qualification or success. Pricing pressures may result in reduced margins, and the company was previously abstained from bidding for 3 consecutive tenders by Paschimanchal Vidyut Vitran Nigam Limited in 2019.
Order Book Execution and Revenue Recognition Risks
The company's order book of ₹32,967.92 lakhs as of June 30, 2026 may not be representative of future results due to execution risks, delivery delays, contract cancellations, or customer-side delays. Actual revenue realized may differ materially from order book value.
Raw Material Supply Chain and Cost Volatility
The company significantly depends on few suppliers for raw materials, with top 10 suppliers accounting for 54.96% of procurement in Fiscal 2026. Raw material costs represent 80.18% of revenue from operations, and the company has no long-term supply agreements, exposing it to price volatility and supply disruptions.
Customer Concentration Risk
The company derived 71.49%, 82.82% and 83.52% of total revenue from its top 10 customers in Fiscals 2026, 2025, and 2024 respectively. This concentration creates dependency on continued business from key customers and limits bargaining power in negotiations.
Manufacturing Capacity Utilization Risk
The company operates manufacturing facilities with 15,00,000 KVA capacity for distribution transformers and 1,350 MVA for power transformers. Under-utilization or inability to efficiently utilize existing capacities could adversely affect operational efficiency and financial performance.
Working Capital Requirements and Cash Flow Management
The company requires substantial working capital due to the capital-intensive nature of transformer manufacturing and lengthy customer payment cycles. Net working capital increased from ₹897.22 lakhs in Fiscal 2024 to ₹4,468.07 lakhs in Fiscal 2026, with trade receivables growing significantly.
Quality Control and Liquidated Damages Risk
The company faces strict quality requirements and regular inspections, with potential for liquidated damages or order cancellations due to delays. The company paid delayed delivery charges of ₹263.84 lakhs, ₹320.17 lakhs and ₹16.49 lakhs in Fiscals 2026, 2025 and 2024 respectively.
Geographic Revenue Concentration
The company derives 97.13%, 97.67% and 94.05% of total revenue from six states (Uttar Pradesh, Bihar, Madhya Pradesh, West Bengal, Haryana & Jammu and Kashmir) in Fiscals 2026, 2025 and 2024 respectively. This geographic concentration exposes the company to region-specific economic and regulatory risks.
Debt Obligations and Financial Leverage Risk
The company has total borrowings of ₹2,073.64 lakhs as of Fiscal 2026, with significant debt service obligations that could limit financial flexibility. Loans are secured by personal guarantees from promoters, and non-compliance with debt covenants could result in accelerated repayments or suspended credit facilities.
Company Analysis
from RHPRaksan Transformers Limited manufactures distribution and power transformers for the power sector and electrical equipment industry.
Raksan Transformers Limited, formerly a private limited company incorporated in 1995, is now a public company engaged in the design, manufacturing, and supply of transformers. The company operates two manufacturing facilities in Sonipat, Haryana with an installed capacity of 15,00,000 KVA per annum for distribution transformers and 1,350 MVA per annum for power transformers. The company generates revenue primarily from the supply of transformers to government utilities, state electricity boards, and other infrastructure entities. In Fiscal 2026, the company derived 50.73% of its revenue from government and public utility customers (B2G), 49.22% from B2B customers, and 0.05% from B2C customers, with total revenue from operations of Rs. 36,310.82 lakhs. Distribution transformers up to 3,150 KVA constitute the largest segment, accounting for 64.18% of revenue.
Objects of the Issue
- Not fully specified in this part - section title referenced as 'Objects of the Offer' on page 84 p.47
- Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana ₹6,213.66 lakhs p.89
- To meet working capital requirements ₹3,500.00 lakhs p.93
- Repayment of certain borrowing availed by our Company, in part or full ₹728.34 lakhs p.94
- General corporate purposes p.96
- Funding capital expenditure towards setting up of manufacturing facility at Liwaspur, Sub-Tehsil Rai, Distt. Sonepat, Haryana ₹6,213.66 lakhs in 2026-27 p.97
- To meet working capital requirements ₹2,700.00 lakhs in 2026-27 and ₹800.00 lakhs in 2027-28 p.97
- Repayment of certain borrowing availed by our Company, in part or full ₹728.34 lakhs in 2026-27 p.97
- General Corporate Purpose p.97
- Not explicitly stated in this section
Issue Structure
- Total Issue
- 55,12,800 Equity Shares aggregating up to ₹[●] lakhs
- Fresh Issue
- 44,12,800 Equity Shares aggregating up to ₹[●] lakhs
- Offer for Sale
- 11,00,000 Equity Shares aggregating to ₹[●] lakhs by Sanjeev Kanda (Promoter Selling Shareholder)
- Price Band
- Floor Price ₹[●] and Cap Price ₹[●] (to be decided by Company in consultation with BRLM)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹10 per Equity Share
Business Model
The company manufactures transformers based on customer orders and supplies them to government utilities, state electricity boards, private sector enterprises, and infrastructure projects. Revenue is generated from the sale of distribution transformers, power transformers, and other electrical equipment. The company sources raw materials (primarily Cold Rolled Grain Oriented electrical steel, copper wire and strips, aluminium, mild steel, and transformer oil) through purchase orders, manufactures products at its facilities in Sonipat, and delivers finished products to customers. In Fiscal 2026, raw material costs represented 80.18% of revenue from operations.
Business Segments
SWOT Analysis
- • ISO 9001:2015 certified with standardized manufacturing practices(p.88)
- • Diversified transformer product portfolio across multiple sectors(p.88)
- • Capacity expansion planned to increase manufacturing capability(p.89)
- • Established manufacturing facilities with in-house operations across multiple locations(p.127)
- • Strong and growing order book providing revenue visibility(p.127)
- • Established relationships with government entities, utilities, and approved vendor status(p.127)
- • Strong track record of profitability and consistent financial performance(p.128)
- • Experienced promoter with 31 years of industry expertise leading strategic growth(p.128)
- • Quality management certification and compliance with international standards(p.128)
- • Backward integration through group company manufacturing transformer components(p.124)
- • Established manufacturing operations with 31 years of promoter experience in power & distribution industry(p.149)
- • Strategic acquisition and consolidation of Haryana Power Industries to strengthen power equipment sector presence(p.146)
- • Established board governance with independent directors appointed for better corporate compliance(p.152)
- • Strong debt servicing capability with DSCR of 20.74x(p.185)
- • Majority revenue from core transformer manufacturing business with 92.6% of revenue from transformers(p.205)
- • ISO 9001:2015 certified transformer manufacturer with standardized quality practices(p.219)
- • Established long-term relationships with government and utility customers across 20+ approved vendors(p.219)
- • Backward integration through group company SHR Powers for key transformer tank/body components(p.219)
- • Strong financial performance with PAT margin improvement from 4.72% to 9.25% and revenue growth of 12% YoY(p.224)
- • Significant B2G revenue contribution at 50.73% indicating strong government customer base(p.219)
- • Installed production capacity of 15,00,000 KVA for distribution transformers and 1350 MVA for power transformers(p.219)
- • Low leverage ratio of 0.27:1 indicating strong balance sheet and financial flexibility(p.229)
- • High dependence on top 10 customers for 71.49% of revenue(p.27)
- • Substantial revenue reliance on government/public utility customers (50.73% in FY2026)(p.24)
- • High raw material costs representing 80.18% of revenue and dependence on top 10 suppliers (54.96%)(p.26)
- • Limited manufacturing facility locations concentrated in Sonipat, Haryana(p.26)
- • Significant working capital requirements with trade receivables at ₹7,321.19 lakhs as of March 31, 2026(p.30)
- • Board lacks prior experience in managing listed companies(p.33)
- • Manufacturing facilities on leased land with renewal risk(p.33)
- • Quality penalty payments of ₹261.93 lakhs in FY2026 and regulatory notices from PVVNL(p.29)
- • High dependence on related party transactions affecting competitive terms(p.42)
- • Inability to assure better terms from related party transactions(p.42)
- • Significant inventory risk subject to theft and damage(p.42)
- • Dependence on third-party logistics with limited recovery capability(p.42)
- • Critical dependence on Promoters and Key Managerial Personnel(p.43)
- • Heavy reliance on advanced technology with limited alternative capability(p.43)
- • No alternate funding source identified for expansion plans(p.43)
- • Inadequate insurance coverage for operating hazards(p.43)
- • Past compliance failures with statutory authorities(p.43)
- • IPO objects not independently appraised(p.44)
- • Promoter shareholding concentration enabling control over company(p.45)
- • No guarantee of timely listing on BSE SME Platform(p.46)
- • High customer concentration with top 5 customers representing 46-75% of revenue(p.127)
- • Significant geographic concentration with 97% of revenue from 6 states(p.129)
- • Smaller capital base and resources compared to major competitors(p.133)
- • Rented manufacturing facilities lacking operational stability(p.135)
- • High dependence on related party transactions with SHR Powers Private Limited constituting major purchases(p.188)
- • Significant reliance on single shareholder with promoter holding 94.22% of shares creating governance concentration risk(p.161)
- • High working capital intensity with trade receivables at ₹7,321.19 lakhs representing significant collection risk(p.171)
- • Substantial outstanding litigation and material developments that require disclosure(p.146)
- • Property location concentrated with primary operations in HSIIDC Rai, Sonipat creating geographic concentration(p.152)
- • Heavy dependence on limited number of state electricity distribution board customers(p.221)
- • Operating profit concentration with high debt service obligations(p.221)
- • Manufacturing facilities concentrated in Haryana state creating geographic risk(p.220)
- • Significant contingent capital commitments of Rs 4,675.75 lakhs requiring execution(p.213)
- • Material creditor concentration with 7 creditors representing Rs 2,399.76 lakhs(p.232)
- • Expansion of manufacturing capacity to increase production output(p.89)
- • Significant increase in installed capacity for power transformers(p.89)
- • Entry into new transformer categories through capacity expansion(p.89)
- • Working capital expansion to support growth in revenue(p.93)
- • Opportunity to strengthen presence in Government segment(p.94)
- • Expansion of manufacturing capacity through new facility in Liwaspur to meet growing demand(p.129)
- • Rapid growth in India's power sector demand with projected 6-6.5% annual electricity demand growth(p.117)
- • Massive transmission capacity additions planned with 7.76 lakh MVA capacity additions by 2027(p.121)
- • Strong renewable energy growth creating demand for transformers in renewable projects(p.117)
- • Opportunity to deepen presence in existing markets and expand into new geographies(p.129)
- • Large government and utility sector tenders with higher-value contracts available(p.129)
- • Expansion through capacity additions with capital work-in-progress of ₹365.54 lakhs for building construction(p.200)
- • Revenue growth potential with 12.0% increase in turnover from FY2025 to FY2026(p.173)
- • Diversification into traded goods business generating ₹2,537.93 lakhs revenue(p.205)
- • Enhanced market access through public listing on BSE SME platform(p.152)
- • Leverage established supply chain with 93.18% indigenous raw material sourcing capability(p.191)
- • Revenue growth strategy through expansion of product offerings including solar transformers and special-purpose variants(p.219)
- • Capacity utilization expansion through established manufacturing infrastructure and plant efficiency improvements(p.219)
- • New B2B and B2C market segments with 49.22% B2B revenue and emerging B2C segment at 0.05%(p.219)
- • Migration opportunity to BSE main board upon achievement of eligibility criteria post-listing(p.262)
- • Expansion into new geographic markets leveraging BIS certification and quality accreditations(p.239)
- • Revenue concentration in specific states (97.13% from 6 states including UP, Bihar, MP, WB)(p.32)
- • Raw material supply volatility and price fluctuations(p.26)
- • Seasonal and cyclical business variations dependent on government tender cycles(p.32)
- • Dependency on government/public sector customer policies and payment cycles(p.24)
- • Delays and defaults in customer payments affecting working capital(p.30)
- • Intense competition from industry competitors with aggressive pricing strategies(p.41)
- • Regulatory restrictions and export/import requirements for international expansion(p.41)
- • Demand for transformers dependent on power sector growth and cyclicality(p.42)
- • Political and economic instability affecting business performance(p.47)
- • Disruption risks in Indian infrastructure affecting operations(p.47)
- • Global financial market instability impacting Indian economy(p.47)
- • Natural calamities and infectious diseases disrupting operations(p.48)
- • Terrorist attacks and war affecting market sentiment(p.48)
- • Evolving regulatory environment creating compliance uncertainty(p.48)
- • Supply chain disruption from logistics and transportation issues(p.42)
- • Restrictions on foreign investor participation(p.49)
- • Competition Act restrictions affecting business operations(p.49)
- • Volatility in equity share price post-listing(p.47)
- • Risk of surveillance measures affecting trading(p.46)
- • India's sovereign rating downgrade affecting financing capacity(p.49)
- • Intense competition from global giants and local players with broader product offerings(p.133)
- • Competitors with Pan-India and strong regional presence affecting market competition(p.133)
- • Dependence on government and utility sector tenders subject to eligibility and pre-qualification requirements(p.129)
- • Vulnerability to raw material price fluctuations for copper, aluminum, and steel(p.132)
- • External dependence on third-party logistics and freight forwarders without long-term contracts(p.133)
- • Exposure to input price volatility with aluminium and copper as major raw materials(p.190)
- • Vulnerability to foreign exchange fluctuations with current foreign expenditure of ₹10.67 lakhs(p.190)
- • Competitive industry dynamics in power equipment sector requiring continuous operational efficiency(p.161)
- • Dependence on bank borrowings with outstanding secured loans of ₹1,127.98 lakhs(p.196)
- • Regulatory compliance obligations under multiple statutes including Companies Act, SEBI ICDR Regulations, and Listing Regulations(p.152)
- • Regulatory changes in power and distribution industry affecting demand and pricing(p.220)
- • Rapid technological changes in transformer manufacturing requiring continuous capital investment(p.220)
- • Raw material supply chain disruptions and commodity price volatility(p.221)
- • Business cyclicality and seasonal variations in transformer sales and operations(p.227)
- • Macroeconomic factors including inflation, interest rates and regional economic conditions(p.221)
- • Intense competition from established transformer manufacturers(p.228)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sanjeev Kanda | Promoter/Promoter Selling Shareholder | — | — |
| Dievam Singh Kanda | Promoter | — | — |
| Renu Kanda | Promoter | — | — |
| Sanjeev Kanda | Promoter/Chairman & Managing Director | 85.58% | 62.24% |
| Renu Kanda | Promoter/Non-Executive Director | 5.76% | 4.55% |
| Dievam Singh Kanda | Promoter/Whole Time Director | 2.88% | 2.27% |
| Sanjeev Kanda | Promoter | — | — |
| Sanjeev Kanda | Promoter | 85.58% | — |
| Renu Kanda | Promoter | 5.76% | — |
| Dievam Singh Kanda | Promoter | 2.88% | — |
| Sanjeev Kanda | Promoter | 6.67% | — |
| Sanjeev Kanda | Promoter Selling Shareholder | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Peer comparison
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Raksan Transformers Ltd. THIS ISSUE | 20.39 | — | 16.98, computed at the offer price | 10.21, computed at the offer price | 43.41% |
| 2.69 | — | 49.63 | — | 21.28% | |
| 138.25 | — | 29.47 | — | 32.22% | |
| 8.18 | — | 27.75 | — | 17.49% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.