Accord Transformer & Switchgear IPO Details
Accord Transformer & Switchgear IPO Summary
Accord Transformer & Switchgear IPO opens for subscription on 23 Feb 2026 and closes on 25 Feb 2026.The IPO will be listed on BSE with the tentative listing date set for 02 Mar 2026.
Accord Transformer & Switchgear IPO price band has been fixed at ₹43 – ₹46 per share. The face value is ₹10 per share with a lot size of 3000.
Accord Transformer & Switchgear IPO total issue size comprises 55,62,000 shares (aggregating up to ₹25.59 Cr.). This includes a fresh issue of 55,62,000 shares (aggregating up to ₹25.59 Cr.). Pre-issue shareholding stands at 1,50,11,289, which will increase to 2,05,73,289 post-issue.
Accord Transformer & Switchgear IPO carries a ₹6 (13.04%) GMP, reflecting investor sentiment.
Accord Transformer & Switchgear IPO Lot Size :Individual Minimum is 2 lots (6,000 shares) amounting to ₹276,000. Individual Maximum is 2 lots (6,000 shares) amounting to ₹276,000. SHNI Minimum is 3 lots (9,000 shares) amounting to ₹414,000. SHNI Maximum is 7 lots (21,000 shares) amounting to ₹966,000. BHNI Minimum is 8 lots (24,000 shares) amounting to ₹1,104,000.
The Lead Managers for Accord Transformer & Switchgear IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Accord Transformer & Switchgear Limited RHP.
Accord Transformer & Switchgear IPO Details
Accord Transformer & Switchgear IPO Subscription
Accord Transformer & Switchgear IPO Application Wise Breakup
Accord Transformer & Switchgear IPO Dates
- 23 Feb 2026Opening dateOpen
- 25 Feb 2026Closing dateClose
- 26 Feb 2026Allotment Date Allotment
- 27 Feb 2026Initiation of RefundsRefund
- 27 Feb 2026Credit of SharesCredit
- 02 Mar 2026Listing dateListing
Accord Transformer & Switchgear IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 6000 | ₹276,000 |
| Individual Maximum | 2 | 6000 | ₹276,000 |
| SHNI Minimum | 3 | 9000 | ₹414,000 |
| SHNI Maximum | 7 | 21000 | ₹966,000 |
| BHNI Minimum | 8 | 24000 | ₹1,104,000 |
Accord Transformer & Switchgear IPO Reservation
Promoter Holding
Documents
Accord Transformer & Switchgear IPO Valuations
Accord Transformer & Switchgear Financial Information
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 41.02 | 59.89 | 26.46 | 15.82 |
| Total Income | 45.29 | 79.20 | 48.60 | 40.81 |
| Profit After Tax | 2.91 | 6.05 | 1.61 | 0.87 |
| EBITDA | 4.62 | 9.10 | 2.67 | 1.54 |
| NET Worth | 24.45 | 21.54 | 6.04 | 4.43 |
| Reserves and Surplus | 9.44 | 21.25 | 5.79 | 4.18 |
| Total Borrowing | 4.37 | 11.81 | 9.13 | 2.30 |
| Amount in ₹ Crore | ||||
About Accord Transformer & Switchgear IPO
Accord Transformer & Switchgear Ltd., incorporated in 2014, is engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment. With over a decade of operational experience, the company caters to both standard and customized requirements of clients across sectors such as power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.
Product Portfolio
Transformers:
- Distribution Transformers: Up to 2.5 MVA, 36 kV
- Power Transformers: Up to 20 MVA, 33 kV
- Dry-Type Transformers: Up to 5,000 KVA, 36 kV
- Special-Purpose Transformers: Including solar transformers, wind inverter duty transformers, and furnace duty transformers
Control Panels & Switchgear:
- Low-Voltage (LV) control panels, LV control switchboards, and APFC panels
- Medium-Voltage (MV) / Vacuum Circuit Breaker (VCB) panels
- Industrial panels
- Customized Prisma Set control panels (in collaboration with Schneider Electric)
- Package substations, busducts, cable trays, and associated switchgear assemblies
The company operates two manufacturing facilities located in Bhiwadi, Rajasthan, with its registered office in Manesar, Haryana. These facilities are equipped with advanced machinery, including plasma cutting systems, foil winding machines, shot blasting and painting booths, and comprehensive in-house testing laboratories, enabling end-to-end capabilities in the design, manufacture, testing, and deployment of critical power equipment.
As of December 31, 2025, Accord Transformer & Switchgear Ltd. had 114 permanent employees.
Strength Of Accord Transformer & Switchgear IPO
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Long-standing customer base leading to stability in our business operations.
- Management team having established track record.
- Established track record of successfully completed projects.
- Strong order books.
Risk Of Accord Transformer & Switchgear IPO
- The company does not own the premises in which one of its manufacturing units is located and the same are on lease arrangement. Any termination of such lease and/or non-renewal thereof and attachment by Property Owner could adversely affect the Company's operations.
- The company is contractually and commercially subject to stringent performance obligations, including requirements relating to quality and delivery, and any failure to adhere to such obligations may result in cancellation of existing or prospective orders, initiation of product recalls, or the assertion of warranty and liability claims against it.
- A significant portion of the Company's revenues is derived from a limited number of customers, and the loss of one or more such customers may adversely affect its business, cash flows, results of operations and financial condition.
- The Company's business is dependent on the accuracy and effectiveness of its product design process, and any deficiency in this process may adversely affect the Company's operations, business and reputation.
- The demand for the Company's transformers and relay panels is closely tied to growth in the power generation, transmission, distribution, and infrastructure sectors, which may lead to variability in its operational results and financial performance.
- The Company's business is dependent on the performance and growth of the power generation, transmission and distribution sector, and any slowdown or adverse development in this sector may affect its business, financial condition and results of operations.
- There are certain discrepancies and non-compliances noticed in some of the Company's corporate records relating to forms filed with the Registrar of Companie.
- In the past its Managing Director Mr. Pradeep Kumar Verma (DIN 05113022) was disqualified as reflected in DIN Status on website of Ministry of Corporate Affairs.
- The company were not be able to locate documentary evidence relating to receipt of consideration for shares issued on rights basis in past.
- Any non-compliance or delays in EPF and ESI Return Filings may expose it to penalties from the regulators.
Objectives Accord Transformer & Switchgear IPO
1. Capital expenditure towards purchase of machinery and equipment
2. Funding of working capital requirements
3. General corporate purposes
Company Contact Details
Accord Transformer & Switchgear Ltd.
Unit No. 724, Seventh Floor
Eros Corporate Park, K Block, Sector 2
IMT Manesar, Manesar
Gurgaon, Haryana, 122052
Phone: +91 85274 22944
Email: compliance@atsgroup.in
Website: https://atsgroup.in/
Registrar Contact Details
Accord Transformer & Switchgear FAQs
The Accord Transformer & Switchgear IPO is a SME public issue comprising 5562000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹25.59 Cr.. The issue price has been fixed at ₹46 per equity share, and the minimum application size is 3000 shares.
The IPO opens for subscription on 23 Feb 2026, and closes on 25 Feb 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹6 (13.04%).
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