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Accord Transformer & Switchgear Ltd IPO
BSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹8 +17.39% Est. Listing ₹54 P&L/Lot +₹24,000
Issue Price
₹46
Face ₹10
GMP
+₹8
+17.39% premium
Est. Listing
₹54
GMP based
Lot Size
3,000
shares / lot
Min Amount
₹138,000
1 lot · 3,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
23 Feb 2026
Mon Completed
Done
Close Date
25 Feb 2026
Wed Completed
Done
Allotment
26 Feb 2026
Thu Completed
Done
Refund
27 Feb 2026
Fri Completed
Done
Demat Credit
27 Feb 2026
Fri Completed
Done
Listing Date
02 Mar 2026
Mon Completed
Issue Details
Pricing & Size
Issue Price
₹46 Face ₹10
Lot Size
3,000 shares
Min Investment
₹138,000
Total Issue Size
55,62,000 shares (agg. up to ₹26 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,82,000 (5.07%)
QIB Portion
26,40,000 (47.46%)
NII / HNI
7,92,000 (14.24%)
Retail
18,48,000 (33.23%)
Employee
-
Net Offer to Public
52,80,000 shares (agg. up to ₹24 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,50,11,289 shares
Post-Issue Shareholding
2,05,73,289 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 6,000 ₹2,76,000
HNI / NII 3 9,000 ₹4,14,000
Objects of Issue
3 objectives
1
Capital expenditure towards purchase of machinery and equipment
13.03 Cr
2
Funding of working capital requirements
10.00 Cr
3
General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd
Market Maker
Giriraj Stock Broking Pvt.Ltd
IPO Timeline
Open
23 Feb
✓ Done
Close
25 Feb
✓ Done
Allotment
26 Feb
✓ Done
Listing
02 Mar
✓ Done
Registrar Details
Kfin Technologies Ltd
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
accord.ipo@kfintech.com
Company Contact
Email
compliance@atsgroup.in
Phone
+91 85274 22944
Address
Unit No. 724, Seventh Floor Eros Corporate Park, K Block, Sector 2 IMT Manesar, Manesar Gurgaon, Haryana, 122052
Grey Market Premium
LIVE
Current GMP
+₹8
+17.39% vs Issue Price
Issue Price
₹46
Est. Listing
₹54
Lot Size
3,000 shares
P&L / Lot
+₹24,000
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Accord Transformer & Switchgear Ltd LIVE
INR ·
vs Issue
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Mkt Cap
P/E
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| Price
Market Reference
IPO Issue Price
₹46
GMP
+₹8 (+17.39%)
GMP Est. Listing
₹54
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 26,40,000 (47.46%) ₹1,214.40 Cr
NII / HNI (Total) 7,92,000 (14.24%) ₹364.32 Cr
Retail Investors 18,48,000 (33.23%) ₹850.08 Cr
Total ** 55,62,000 (100.00%) ₹25,585.20 Cr
Market Maker * 2,82,000 (5.07%) ₹12.97 Cr
* Based on ₹46.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
26,40,000 (47.46%)
NII
7,92,000 (14.24%)
Retail
18,48,000 (33.23%)
Market Maker
2,82,000 (5.07%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric31 Dec 202531 Mar 202531 Mar 2024
Revenue45.2979.2048.60
PAT2.916.051.61
EBITDA4.629.102.67
Net Worth24.4521.546.04
Total Assets41.0259.8926.46
Reserves9.4421.255.79
Borrowings4.3711.819.13
Key Financial Ratios
12.67%
ROE
Return on Equity
14.52%
ROCE
Return on Capital Employed
11.91%
RONW
Return on Net Worth
6.44%
PAT Margin
PAT / Revenue
10.19%
EBITDA Mgn
EBITDA / Revenue
0.18
D/E Ratio
Debt to Equity
2.82
P/BV
Price to Book Value
4.03
Pre EPS
EPS Pre-Issue
2.94
Post EPS
EPS Post-Issue
11.41
Pre P/E
P/E Pre-Issue
15.63
Post P/E
P/E Post-Issue
About Accord Transformer & Switchgear Ltd

Accord Transformer & Switchgear Ltd., incorporated in 2014, is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.

With over 10 years of experience, the company caters to the standard and customised requirements of clients across various sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.

Product Portfolio

Accord Transformer & Switchgear Ltd. offers a comprehensive product portfolio, including:

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
  • Special-Purpose Transformers: Including Solar Transformers, wind inverter duty, and furnace duty transformers.

2. Control Panels & Switchgear:

  • Low-Voltage (LV) Control Panels, LV Control Switchboards, and APFC Panels.
  • Medium-Voltage (MV) / Vacuum Circuit Breaker (VCB) panels.
  • Industrial Panels.
  • Customised Prisma Set control panels (in collaboration with Schneider Electric).
  • Package Substations, Busducts, cable trays, and associated switchgear assemblies.

The company operates two manufacturing facilities in Bhiwadi, Rajasthan, with its registered office located in Manesar, Haryana. These facilities are equipped with advanced machinery such as plasma cutting systems, foil winding machines, shot blasting and painting booths, and comprehensive in-house testing laboratories, enabling expertise in the design, manufacture, testing, and deployment of critical power systems.

As of December 31, 2025, the company had 114 permanent employees.

Frequently Asked Questions
What is the issue price of Accord Transformer & Switchgear Ltd IPO?
The issue price of Accord Transformer & Switchgear Ltd IPO is ₹46 per share, face value ₹10.
What is the lot size?
Minimum lot size is 3,000 shares, requiring ₹138,000.
What are the IPO dates?
Opens 23 Feb 2026, closes 25 Feb 2026.
When is the listing date?
Tentative listing: 02 Mar 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹8, estimated listing ₹54 (+17.39%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Accord Transformer & Switchgear Ltd IPO · Expected 26 Feb 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
26 Feb 2026
Refund Initiation
27 Feb 2026
Demat Credit
27 Feb 2026
Listing Date
02 Mar 2026
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹8
+17.39%
Issue Price
₹46
Face ₹10
Lot Size
3,000
shares / lot
Min Amount
₹138,000
1 lot
Est. Listing
₹54
GMP +₹8
Key Dates
Open
23 Feb Done
Close
25 Feb Done
Listing
02 Mar Done
Registrar
Kfin Technologies Ltd
A
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