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Accord Transformer IPO
Price Band
₹43.0–46.0
Issue Size
₹25.59 Cr
Lot Size
3,000 shares
Min Investment
₹276,000
2 LOTS MIN
GMP
+₹4.0 (8.7%)
Issue Price
₹46.0
Accord Transformer IPO AI Summary
- Accord Transformer IPO is listed on BSE SME in the Heavy Electrical Equipment sector.
- Price band: ₹43.0–₹46.0 per share, lot size 3,000 shares (min. investment ₹276,000, 2 lots minimum).
- Subscription window: 23 Feb–25 Feb 2026, listing on 02 Mar 2026.
- Current GMP is +₹4.0 (8.7%), an estimated listing price of ₹50 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Accord Transformer IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+8.7%
Est. Listing
₹50.0
Updated: 14 Jul 2026 15:52
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.
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹40.81 Cr in the year ending 31 Mar 2023, increasing to ₹48.60 Cr by 31 Mar 2024. It further rose to ₹79.20 Cr in the year ending 31 Mar 2025, before reaching ₹45.29 Cr by 31 Dec 2025. However, the last figure is from a 9-month period, so it isn't directly comparable to the full year figures.
Profit Trend
Profit After Tax was ₹0.87 Cr in the year ending 31 Mar 2023, rising to ₹1.61 Cr by 31 Mar 2024. This continued to increase to ₹6.05 Cr in the year ending 31 Mar 2025, before reaching ₹2.91 Cr by 31 Dec 2025. Again, the last figure is from a 9-month period, making direct comparison with full years less straightforward.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the price at which shares are being traded in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that investors expect the shares to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Individuals who are risk-averse or prefer stable investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainty. It's crucial to assess personal financial situations and investment strategies before engaging with IPOs.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO are listed on the stock exchange at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Accord Transformer's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Accord Transformer IPO GMP today?
Accord Transformer IPO GMP today is +₹4.0 (8.7%), indicating an estimated listing price of ₹50. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Accord Transformer IPO?
The price band of Accord Transformer IPO is ₹43.0–₹46.0 per share.
When does Accord Transformer IPO open and close?
Accord Transformer IPO opens on 23 February 2026 and closes on 25 February 2026.
When does Accord Transformer IPO list on the stock exchange?
Accord Transformer IPO listed on 02 March 2026 at ₹50.0.
What is the lot size for Accord Transformer IPO?
The lot size for Accord Transformer IPO is 3000 shares, requiring a minimum investment of ₹276,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹43.0 to ₹46.0.
What is the minimum investment required?
The minimum investment required is ₹276,000.
What is the lot size for this IPO?
The lot size for this IPO is 3000 shares.
When does the IPO open and close?
The IPO opens on 23 February 2026 and closes on 25 February 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Feb 2026
Close
25 Feb 2026
Allotment
26 Feb 2026
Listing
02 Mar 2026
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