Accord Transformer IPO Details
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹43 to ā¹46 Per Share |
| Issue Size | Approx ā¹26 Crores |
| Fresh Issue | Approx ā¹26 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Accord Transformer IPO Review & Key Points
- Review: Neutral
Accord Transformer & Switchgear IPO Market Lot
The Accord Transformer & Switchgear IPO minimum market lot is 6,000 shares with ā¹2,76,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ā¹2,76,000 |
| Retail Maximum | 2 | 6,000 | ā¹2,76,000 |
| S-HNI Minimum | 3 | 9,000 | ā¹4,14,000 |
| S-HNI Maximum | 7 | 21,000 | ā¹9,66,000 |
| B-HNI Minimum | 8 | 24,000 | ā¹11,04,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 15,84,000 Shares | 28.48% |
| QIB (Ex. Anchor) | 10,56,000 Shares | 18.99% |
| NII Shares Offered | 7,92,000 Shares | 14.24% |
| Retail Shares Offered | 18,48,000 Shares | 33.23% |
Accord Transformer & Switchgear IPO Anchor Investors
| Anchor Bidding Date | February 20, 2026 |
| Anchor Investors List | |
| Shares Offered | 15,84,000 Shares |
| Anchor Size | 7.29 Cr. |
| lock-in period end date 50% shares (30 Days) | March 28, 2026 |
| lock-in period end date 50% shares (90 Days) | May 27, 2026 |
Accord Transformer IPO Dates
The Accord Transformer & Switchgear IPO date is February 23, and the close date is February 25. The Accord Transformer IPO allotment will be finalized on February 2,6 and the IPO listing on March 2.
| IPO Open Date: | February 23, 2026 |
| IPO Close Date: | February 25, 2026 |
| Basis of Allotment: | February 26, 2026 |
| Refunds: | 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 |
Promoters and Holding Pattern
The promoters of the company are Mr. Pradeep Kumar Verma and Mrs Shalini Singh.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,50,11,289 | 4.03% |
| Promoter Holding Post Issue | 2,05,73,289 | 2.94% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital expenditure towards purchase of machinery and equipment | ā¹13.03 |
| Funding of working capital requirements | ā¹10.00 |
| General corporate purposes | ā¹- |
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 IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹40.81 | ā¹39.59 | ā¹0.87 | ā¹15.82 |
| 2024 | ā¹48.60 | ā¹46.46 | ā¹1.61 | ā¹26.46 |
| 2025 | ā¹79.20 | ā¹71.03 | ā¹6.05 | ā¹59.89 |
| Dec 2025 | ā¹45.29 | ā¹41.40 | ā¹2.91 | ā¹41.02 |
Accord Transformer & Switchgear IPO Valuation – FY2025
Check Accord Transformer & Switchgear IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 28.10% |
| ROCE: | 26.09% |
| EBITDA Margin: | 11.49% |
| PAT Margin: | 7.66% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ā¹4.35 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 28.10% |
| Net Asset Value (NAV): | ā¹14.35 |
Peer Group Comparison
| Company | EPS | PE 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 | 2051.08 Cr. |
| Voltamp Transformers Limited | 321.65 | 24.76 | 20.50% | 1,569.24 | 2018.93 Cr. |
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Company Address
Accord Transformer & Switchgear Ltd. Address
Unit No. 724, Seventh Floor
Eros Corporate Park, K Block, Sector 2
IMT Manesar, Manesar
Gurgaon, Haryana, 122052
Phone:+91 85274 22944
Email:compliance@atsgroup.in
Website:https://atsgroup.in/
IPO Registrar
Kfin Technologies Ltd.
Phone:04067162222, 04079611000
Email:accord.ipo@kfintech.com
Website:https://ipostatus.kfintech.com/
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One Response
This gmp is right