Accord Transformer & Switchgear IPO GMP today is Rs 4. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
ACCORDTRANSFORMER
Accord Transformer & Switchgear IPO GMP, Subscription & Allotment Status Today
Accord Transformer & Switchgear is a SME IPO with a price band of Rs 43.00 to Rs 46.00 that listed on 02 Mar 2026 at a listing gain of +8.70%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹43.00 - ₹46.00
- Lot Size
- 3,000 Shares
- Bidding Closes
- 25 Feb 2026
- Listing Date
- 02 Mar 2026
Current GMP Status
₹4
+8.7% vs upper band
Est. Listing Gain
+8.70%
Last Trend
02 Mar 2026
Listing Price
₹50.00
Retail Entry
₹2,76,000
IPO Details
Complete IPO information
| Current GMP | ₹4 |
|---|---|
| Estimated Listing Gain | +8.70% |
| Price Band | ₹43.00 - ₹46.00 |
| Issue Price | Approx ₹46.00 Crores |
| Listing Price | ₹50.00 |
| Lot Size | 3,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 02 Mar 2026 |
| Minimum Investment | ₹2,76,000 |
Head-to-head
Compare Accord Transformer & Switchgear IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Accord Transformer & Switchgear is priced at ₹46 per share. With a minimum lot size of 3,000 shares, a retail investor applying for one lot would need approximately ₹2,76,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Accord Transformer & Switchgear stands at ₹4, implying an estimated listing gain of around 8.70% over the issue price if it holds until listing. This is down ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Feb 2026
✓
Bidding Closes
25 Feb 2026
✓
Allotment
TBA
✓
Listing
02 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | 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% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 6,000 | ₹2,76,000 |
| Retail Maximum | 2 Lot | 6,000 | ₹2,76,000 |
| S-HNI Minimum | 3 Lot | 9,000 | ₹4,14,000 |
| S-HNI Maximum | 7 Lot | 21,000 | ₹9,66,000 |
| B-HNI Minimum | 8 Lot | 24,000 | ₹11,04,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
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 |
Analysis
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 |
Analysis
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% |
Analysis
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 |
Analysis
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 |
Analysis
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%) |
Analysis
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 | – |
Analysis
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.
Analysis
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 |
Analysis
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 |
Analysis
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 |
Analysis
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
FAQ
Accord Transformer & Switchgear IPO FAQs
Accord Transformer & Switchgear IPO price band is Rs 43.00 to Rs 46.00. Check the latest issue price, lot size and GMP together before applying.
Accord Transformer & Switchgear IPO open date is 23 Feb 2026, close date is 25 Feb 2026, and listing date is 02 Mar 2026.
Accord Transformer & Switchgear IPO lot size is 3,000 shares. The minimum retail investment is Rs 2,76,000.
Accord Transformer & Switchgear is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Accord Transformer & Switchgear IPO subscription status currently shows Subscription data is currently awaited.
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