IPO details · Updated
Accord Transformer & Switchgear Ltd.
- Price Band
- ₹43 – ₹46
- Lot Size
- 3,000 shares
- Min. Investment
- ₹1,38,000
- Issue Size
- ₹25.59 Cr
- Offer Dates
- 23 Feb – 25 Feb 2026
- Listing
- 2 Mar 2026
Issue Details
- Total Issue Size
- ₹25.59 Cr
- 55,62,000 shares
- Fresh Issue
- ₹25.59 Cr
- 55,62,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,50,11,289
- Shares Post-Issue
- 2,05,73,289
IPO Timeline
Offer opens
23 Feb 2026
Offer closes
25 Feb 2026
Allotment
26 Feb 2026
Listing
2 Mar 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.5%15,84,000 shares
- QIB19.0%10,56,000 shares
- HNI14.2%7,92,000 shares
- Retail33.2%18,48,000 shares
- Market Maker5.1%2,82,000 shares
Subscription Status
Final subscription figures for this issue are not available yet.
Lot Size & Investment
1 lot = 3,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 6,000 | ₹2,76,000 |
| Small HNI (S-HNI) | 3 | 9,000 | ₹4,14,000 |
| Big HNI (B-HNI) | 8 | 24,000 | ₹11,04,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 41 | 59.9 | 26.5 | 15.8 |
| Profit After Tax | 2.9 | 6.1 | 1.6 | 0.9 |
| EBITDA | 4.6 | 9.1 | 2.7 | 1.5 |
| Net Worth | 24.5 | 21.5 | 6 | 4.4 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE (%) | 12.67 | 43.9 | 30.69 |
| ROCE (%) | 14.52 | 26.09 | 16.47 |
| EPS (₹) | 1.94 | 4.35 | 1.26 |
Peer Comparison
Listed companies in the same business
| Company | CMP | P/E |
|---|---|---|
| Danish Power | ₹625.1 | 18.09 |
| Transformers and Rectifiers (India) | ₹248.25 | 34.43 |
| Voltamp Transformers | ₹7,964.4 | 24.76 |
| Accord Transformer & Switchgear Ltd | ₹46 | 11.41 |
About Accord Transformer & Switchgear Ltd.
Accord Transformer & Switchgear Ltd. is engaged in the design, engineering, manufacturing and supply of power and distribution transformers, switchgear and electrical panels, catering to power, renewable energy, infrastructure and EV charging sectors.
Objects of the Issue
- Capital expenditure for manufacturing expansion (₹13.03 Cr)
- Working capital requirements (₹10.00 Cr)
- General corporate purposes
Company Information
Strengths (from RHP)
- Experienced promoters with strong domain expertise
- In-house manufacturing and testing capabilities
- Established customer relationships across power and infrastructure sectors
Key risks (from RHP)
- Lease dependency risk for manufacturing unit
- Strict contractual performance obligations
- Customer concentration risk
- Book running lead managers
- GYR Capital Advisors Private Limited
- Registered office
- Unit No. 724, Seventh Floor, Eros Corporate Park, K Block, Sector 2, IMT Manesar, Gurgaon, Haryana, 122052
- Market maker
- Giriraj Stock Broking
Similar IPOs
Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.