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Accord Transformer

Listed SME BSE SME · Heavy Electrical Equipment

Price Band

₹43.0–46.0

Issue Size

₹25.59 Cr

Lot Size

3,000 shares

Min Investment

₹276,000

GMP

+₹4.0 (8.7%)

Issue Price

₹46.0

calendar_month Important Dates

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IPO Open Date
Mon, 23 Feb 2026
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IPO Close Date
Wed, 25 Feb 2026
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Allotment Date
Thu, 26 Feb 2026
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Refund Initiation
Fri, 27 Feb 2026
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Credit of Shares
Fri, 27 Feb 2026
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Listing Date
Mon, 02 Mar 2026
Listing Price
₹50.0 +8.7%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹4.0

GMP %

+8.7%

Est. Listing

₹50.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

Accord Transformer & Switchgear Ltd. is a well-established company specializing in the design, engineering, manufacturing, and supply of a wide range of power and distribution equipment. With more than a decade of industry experience, the company serves both standard and customized requirements across diverse sectors such as power transmission and distribution, renewable energy, industrial operations, infrastructure development, and EV charging infrastructure. Product Offerings Accord Transformer & Switchgear Ltd. delivers an extensive portfolio of electrical solutions, categorized as follows: 1. Transformers Distribution Transformers – Up to 2.5 MVA, 36 kV Power Transformers – Up to 20 MVA, 33 kV Dry-Type Transformers – Up to 5000 KVA, 36 kV Specialized Transformers – Including solar transformers, wind inverter-duty transformers, and furnace-duty transformers Control Panels & Switchgear Low-Voltage (LV) Control Panels, LV Switchboards, and APFC Panels Medium-Voltage (MV) panels and Vacuum Circuit Breaker (VCB) panels Industrial control panels Customized Prisma Set control panels developed in association with Schneider Electric Package substations, bus ducts, cable trays, and allied switchgear systems Manufacturing & Infrastructure The company operates two advanced manufacturing units in Bhiwadi, Rajasthan, while its registered office is located in Manesar, Haryana. The facilities are equipped with modern machinery and in-house testing capabilities, including plasma cutting machines, foil winding systems, shot blasting chambers, painting booths, and dedicated testing laboratories. This integrated infrastructure enables the company to design, manufacture, test, and deliver reliable and high-performance power systems.

payments Company Financials (₹ Cr)

As of 2025-03-31

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

Key Ratios

EPS

₹4.03

NAV

₹14.35

ROE

43.90%

ROCE

26%

RoNW

28.10%

P/B Value

3.21

P/E Ratio

11.41

Market Cap

₹94.64 Cr

PAT Margin

7.66%

Debt/Equity

0.55

Promoters

Pradeep Kumar Verma and Shalini Singh

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure towards purchase of machinery and equipment 13.03 2 Funding of Working Capital Requirements 10.00 3 Issue Expenses 2.56 Total 25.59

info Issue Details

Issue Type SME Book Built
Issue Size ₹25.59 Cr
Price Band ₹43.0 – ₹46.0
Issue Price ₹46.0
Lot Size 3,000 shares
Min Investment ₹276,000
Exchange BSE SME
Sector Heavy Electrical Equipment
Open Date 23 Feb 2026
Close Date 25 Feb 2026
Allotment 26 Feb 2026
Listing Date 02 Mar 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance GYR Capital Advisors Pvt.Ltd.

timeline IPO Timeline

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Open

23 Feb 2026

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Close

25 Feb 2026

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Allotment

26 Feb 2026

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Listing

02 Mar 2026

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