<h1>Transformer components maker launches ?400 crore IPO of 7,130,124 shares at ?533-?561; anchor book raised ?120 crore</h1> The issuer, engaged in transformer components, manufacturing and EPC services, opened an initial public offering on August 20, 2025, seeking up to ?400 crore via 7,130,124 equity shares (face value ?10) at a price band of ?533-?561, to be listed on national stock exchanges. An anchor book closed prior to the public issue, raising ?120 crore from institutional investors. Allocation: up to 50% to qualified institutional buyers, at least 15% to non-institutional investors and at least 35% to retail investors. Net proceeds are earmarked for debt repayment/prepayment, capital expenditure for facility expansion, working capital and general corporate purposes. Book running lead manager and registrar are appointed.