Accord Transformer & Switchgear GMP IPO Date, Review, Price, Allotment Details IPO
Accord Transformer & Switchgear IPO Summary
IPO Open Date: 23 Feb 2026
IPO Close Date: 25 Feb 2026
Price Band: ₹43 to ₹46 Per Share
Issue Size: Approx ₹26 Crores
Listing Exchange: BSE SME
Website: https://atsgroup.in/
Accord Transformer & Switchgear IPO Overview
Accord Transformer & Switchgear IPO is a book build issue of ₹25.59 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹25.59 crore.
Accord Transformer & Switchgear IPO opens for subscription on Feb 23, 2026 and closes on Feb 25, 2026. The allotment for the Accord Transformer & Switchgear IPO is expected to be finalized on Feb 26, 2026. Accord Transformer & Switchgear IPO will list on BSE SME with a tentative listing date fixed as Mar 2, 2026.
Accord Transformer & Switchgear IPO price band is set at ₹43 to ₹46 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,76,000 (6,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (9,000 shares), amounting to ₹4,14,000.
Accord Transformer & Switchgear IPO Details
| Company Name | Accord Transformer & Switchgear Ltd |
| IPO Open Date | 23 Feb 2026 |
| IPO Close Date | 25 Feb 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹43 to ₹46 Per Share |
| Issue Size | Approx ₹26 Crores |
| Fresh Issue | Approx ₹26 Crores |
| Offer for Sale | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| Listing On | BSE SME |
Accord Transformer & Switchgear IPO Review & Key Points
ApplyAccord Transformer & Switchgear IPO Market Lot
The Accord Transformer & Switchgear IPO minimum market lot is 6,000 shares with ₹2,76,000 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 6,000 | ₹2,76,000 |
| Retail Maximum | 2 | 6,000 | ₹2,76,000 |
| S-HNI Minimum | 3 | 9,000 | ₹4,14,000 |
| S-HNI Maximum | 7 | 21,000 | ₹9,66,000 |
| B-HNI Minimum | 8 | 24,000 | ₹11,04,000 |
Accord Transformer & Switchgear IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | 15,84,000 Shares | 28.48% |
| QIB (Ex. Anchor) | 10,56,000 Shares | 18.99% |
| NII / HNI | 7,92,000 Shares | 14.24% |
| Retail | 18,48,000 Shares | 33.23% |
Anchor Bidding Date: 20 Mar 2026
Anchor Issue Size: 7.29 Cr.
30 Days Lock-in: 28 Mar 2026
90 Days Lock-in: 27 May 2026
Accord Transformer & Switchgear IPO Dates & Allotment
The Accord Transformer & Switchgear IPO date is February 23, and the close date is February 25. The Accord Transformer IPO allotment will be finalized on February 2,6 and the IPO listing on March 2.
| IPO Opening Date | 23 Feb 2026 |
| IPO Closing Date | 25 Feb 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 26 Feb 2026 |
| Refunds Initiation | 27 Feb 2026 |
| Credit to Demat | 27 Feb 2026 |
| IPO Listing Date | 02 Mar 2026 |
Accord Transformer & Switchgear IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Capital expenditure towards purchase of machinery and equipment | ₹13.03 |
| Funding of working capital requirements | ₹10.00 |
| General corporate purposes | ₹- |
Accord Transformer & Switchgear Ltd Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹40.81 | ₹39.59 | ₹0.87 | ₹15.82 |
| 2024 | ₹48.60 | ₹46.46 | ₹1.61 | ₹26.46 |
| 2025 | ₹79.20 | ₹71.03 | ₹6.05 | ₹59.89 |
| Dec 2025 | ₹45.29 | ₹41.40 | ₹2.91 | ₹41.02 |
Accord Transformer & Switchgear IPO Valuation
Check Accord Transformer & Switchgear IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹4.35 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 28.10% |
| Return on Capital Employed (ROCE) | 26.09% |
| Return on Net Worth (RoNW) | 28.10% |
| Net Asset Value (NAV) | ₹14.35 |
| EBITDA Margin | 11.49% |
| PAT Margin | 7.66% |
| Debt to Equity Ratio | 0.55 |
Accord Transformer & Switchgear IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Danish Power Limited | 34.55 | 18.09 | 18.00% | 162.50 | 432.95 Cr. |
| Transformers and Rectifiers (India) Ltd | 7.21 | 34.43 | 17.01% | 42.39 | 2051.08 Cr. |
| Voltamp Transformers Limited | 321.65 | 24.76 | 20.50% | 1,569.24 | 2018.93 Cr. |
Accord Transformer & Switchgear IPO Promoters & Holding Pattern
The promoters of the company are Mr. Pradeep Kumar Verma and Mrs Shalini Singh.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,50,11,289 | 4.03% |
| Promoter Holding Post Issue | 2,05,73,289 | 2.94% |
Accord Transformer & Switchgear IPO Lead Managers (Merchant Bankers)
- GYR Capital Advisors Pvt.Ltd.
About Accord Transformer & Switchgear Ltd
Accord Transformer & Switchgear is a premier manufacturer specializing in high-performance power and distribution transformers, switchgears, and integrated substation solutions. The company caters to diverse industrial and utility sectors, providing reliable electrical infrastructure that meets international quality standards. With a focus on engineering excellence and innovation, they have established a strong presence in the global energy market.
Accord Transformer & Switchgear Ltd Address
Gurgaon, Haryana, 122052Phone: +91 85274 22944
Email: [email protected]
Accord Transformer & Switchgear IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/