Mumbai, Sept. 18 -- The scrip was listed at Rs 273, matching the initial public offer (IPO) price. The stock is currently down 0.71% over its listing price.

The counter hit a high of Rs 277 and a low of Rs 261.30. About 22.40 lakh shares of the company changed hands at the counter.

Raksan Transformers' IPO was subscribed 43.76 times. The issue opened for bidding on 10 September 2026 and it closed on 15 September 2026). The price band of the IPO was between Rs 258 - 273 per share.

The IPO comprised a fresh issue of 28,42,800 equity shares and an offer for sale (OFS) of 11,00,000 equity shares. The promoter shareholding diluted to 74.32% post-issue from 94.22% pre-issue.

The company proposes to utilise the net proceeds from the issue to...