Accord Transformer & Switchgear
listed
SME IPO
₹4.00
(8.70%)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Accord Transformer & Switchgear IPO Market Lot
- 06 Accord Transformer IPO – Key Details
- 07 Accord Transformer & Switchgear IPO – Market Lot Details
- 08 Accord Transformer & Switchgear IPO – Reservation Details
- 09 Accord Transformer & Switchgear IPO – Anchor Investors
- 10 Accord Transformer & Switchgear IPO – Important Dates
- 11 Accord Transformer & Switchgear IPO – Promoters & Holding Pattern
- 12 Accord Transformer & Switchgear IPO – Objects of the Issue
- 13 About Accord Transformer & Switchgear IPO
- 14 Accord Transformer & Switchgear IPO – Financial Report
- 15 Accord Transformer & Switchgear IPO – Valuation (FY2025)
- 16 Accord Transformer IPO – Peer Group Comparison
- 17 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
PRICE BAND
43.00 - 46.00
LOT SIZE
3000 Shares
INVESTMENT
₹2,76,000
IPO ROADMAP
BIDDING STARTS
23 Feb 2026
2
BIDDING ENDS
25 Feb 2026
3
ALLOTMENT
TBA
4
LISTING
02 Mar 2026
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 02 Mar 2026 | ₹4.00 | -₹2.00 | 8.70% |
| 27 Feb 2026 | ₹6.00 | -₹2.00 | 13.04% |
| 25 Feb 2026 | ₹8.00 | -₹5.00 | 17.39% |
| 24 Feb 2026 | ₹13.00 | -₹4.00 | 28.26% |
| 23 Feb 2026 | ₹17.00 | - | 36.96% |
Accord Transformer & Switchgear IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 6,000 | ₹276,000 |
| Retail Maximum | 2 | 6,000 | ₹276,000 |
| S-HNI Minimum | 3 | 9,000 | ₹414,000 |
| S-HNI Maximum | 7 | 21,000 | ₹966,000 |
| B-HNI Minimum | 8 | 24,000 | ₹1,104,000 |
Accord Transformer IPO – Key DETAILS
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹43 to ₹46 Per Share |
| Issue Size | Approx ₹26 Crores |
| Fresh Issue | Approx ₹26 Crores |
| Offer for Sale (OFS) | – |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Accord Transformer & Switchgear IPO – Market Lot DETAILS
| Application | 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 DETAILS
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | 15,84,000 Shares | 28.48% |
| QIB (Ex. Anchor) | 10,56,000 Shares | 18.99% |
| NII | 7,92,000 Shares | 14.24% |
| Retail | 18,48,000 Shares | 33.23% |
Accord Transformer & Switchgear IPO – Anchor INVESTORS
| Anchor Bidding Date | 2026 |
| Anchor Investors List | – |
| Shares Offered | 15,84,000 Shares |
| Anchor Size | – |
| Lock-in Period End Date (50% – 30 Days) | 2026 |
| Lock-in Period End Date (50% – 90 Days) | 2026 |
Accord Transformer & Switchgear IPO – Important DATES
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Basis of Allotment | February 26, 2026 |
| Refunds Initiation | February 27, 2026 |
| Credit to Demat Account | February 27, 2026 |
| IPO Listing Date | March 2, 2026 |
| IPO Bidding Cut-off Time | February 25, 2026 – 5 PM |
Accord Transformer & Switchgear IPO – Promoters & Holding PATTERN
| Promoters | Mr. Pradeep Kumar Verma & Mrs. Shalini Singh |
| Promoter Holding (Pre Issue) | 1,50,11,289 Shares (4.03%) |
| Promoter Holding (Post Issue) | 2,05,73,289 Shares (2.94%) |
Accord Transformer & Switchgear IPO – Objects of the ISSUE
| Capital expenditure towards purchase of machinery and equipment | ₹13.03 Crores |
| Funding of working capital requirements | ₹10.00 Crores |
| General Corporate Purposes | – |
About Accord Transformer & Switchgear IPO
Set up in 2014, Accord Transformer & Switchgear is one of the prominent companies that designs electrical power and distribution equipment. The firm is involved in designing, engineering, manufacturing, and supplying transformers, control panels & switchgears. With over 10 years of experience, the firm is serving customers with standard and customised equipment.
Its products mainly cater to various sectors like power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks. The company runs 2 manufacturing facilities in Bhiwadi, Rajasthan. Its facilities consist of advanced machinery like plasma cutting systems, foil winding machines, shot blasting, and painting booths, helping the company to design critical power systems.
Accord Transformer & Switchgear IPO – Financial REPORT
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 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 (FY2025)
| ROE | 28.10% |
| ROCE | 26.09% |
| EBITDA Margin | 11.49% |
| PAT Margin | 7.66% |
| Debt to Equity Ratio | 0.55 |
| Earning Per Share (EPS) | ₹4.35 (Basic) |
| Price / Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 28.10% |
| Net Asset Value (NAV) | ₹14.35 |
Accord Transformer IPO – Peer Group COMPARISON
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | 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 | ₹2,051.08 Cr |
| Voltamp Transformers Limited | 321.65 | 24.76 | 20.50% | 1,569.24 | ₹2,018.93 Cr |
IPO Lead Managers aka Merchant BANKERS
- GYR Capital Advisors Pvt.Ltd.