IPO

Accord Transformer & Switchgear Limited IPO

BSE SME

Offer Date: Feb 23, 2026 - Feb 25, 2026

₹ 276000 /6000 Shares
*Min Investment

23 Feb, 2026

Open Date

25 Feb, 2026

Close Date

26 Feb, 2026

Allotment Date

02 Mar, 2026

Listing Date
Accord Transformer & Switchgear IPO Issue Details
  • Issue Price ₹43-46 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 55,62,000 shares(aggregating up to ₹25.59 crore)
  • Fresh Share 55,62,000 shares(aggregating up to ₹25.59 crore)
  • Listing at BSE SME
  • Lead Manager GYR Capital Advisors Pvt.Ltd.
  • Registrar Kfin Technologies Ltd.
Market Lot Size

Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 6,000 ₹2,76,000
Individual(max) 2 6,000 ₹2,76,000
SHNI(min) 3 9,000 ₹4,14,000
SHNI(max) 7 21,000 ₹9,66,000
BHNI(min) 8 24,000 ₹11,04,000
Accord Transformer & Switchgear IPO Documents
Accord Transformer & Switchgear IPO Details


Accord Transformer & Switchgear Limited IPO is an SME IPO, priced at ₹43-46 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 55,62,000 equity shares, aggregating up to ₹25.59 crores..

The IPO bidding window is open from Feb 23, 2026 to Feb 25, 2026. The allotment is expected to be finalized on Feb 26, 2026, and the tentative listing date is Mar 2, 2026.

The minimum lot size for Individual investors is 6,000 shares, with a minimum investment of ₹2,76,000.

GYR Capital Advisors Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Ltd., and

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Accord Transformer & Switchgear Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
ROE 43.90%
ROCE 26%
Debt/Equity 0.55
RoNW 28.10%
PAT Margin 7.66%
Price to Book Value 3.21
Market Cap. 94.64 Cr.
Accord Transformer & Switchgear Company Financials
In Crs.
In Cr.
31-Dec-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 41.02 59.89 26.46 15.82
Revenue 45.29 79.20 48.60 40.81
Profit After Tax 2.91 6.05 1.61 0.87
Net Worth 24.45 21.54 6.04 4.43
Reserves & Surplus 9.44 21.25 5.79 4.18
Total Borrowing 4.37 11.81 9.13 2.30
About Accord Transformer & Switchgear Company

Accord Transformer & Switchgear Ltd., incorporated in 2014, is a well-established company dealing with the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.With more than 10 years of experience, the company meets the standard and customized demands of clients from different sectors, such as power transmission and distribution, renewable energy, industrial use, infrastructure development projects, and electric vehicle charging infrastructure.

Product Portfolio:
Accord Transformer & Switchgear Ltd. provides a wide range of products, which include:
1. Transformers
2. Control Panels & Switchgear

The company has two manufacturing units in Bhiwadi, Rajasthan, with its registered office in Manesar, Haryana. The company has advanced machinery like plasma cutting systems, foil winding machines, shot blasting and painting booths, and fully equipped in-house testing labs, which provide expertise in the design, manufacture, testing, and implementation of critical power systems.
As of August 31, 2025, the company employed 117 permanent staff members.

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Accord Transformer & Switchgear - Promoter(s)

Mr. Pradeep Kumar Verma

Mrs Shalini Singh

Pre Issue Share Holding : 84.94%

Post Issue Share Holding : 61.98%

Accord Transformer & Switchgear IPO - Issue Objectives
1

Capital expenditure towards purchase of machinery and equipment

2

Funding of working capital requirements

3

General corporate purposes

Contact Details

Accord Transformer & Switchgear

Unit No. 724, Seventh Floor Eros Corporate Park, K Block, Sector 2 IMT Manesar, Manesar Gurgaon, Haryana, 122052

+91 85274 22944

compliance@atsgroup.in

https://atsgroup.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

accord.ipo@kfintech.com

https://ipostatus.kfintech.com/