Accord Transformer & Switchgear Limited IPO
Accord Transformer & Switchgear Limited IPO
SME BSE SME 100% Book Built Offer
Closed

Price Band

₹43 - ₹46

Total Issue

₹26 Cr

Bid Dates

23 Feb - 25 Feb

Subscription

357.37x

Listing Price

₹50 (8.70%)

Website RHP Check Allotment

Valuation

Market Cap

₹94.64 Cr

P/E Ratio

10.57x

P/B Ratio

3.21x

Accord Transformer & Switchgear Limited IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Accord Transformer & Switchgear is engaged in the design, engineering, manufacturing and supply of a comprehensive range of transformers, control panels and distribution equipment catering to both standard and customized requirements. The Company serves diverse sectors including power transmission and distribution, renewable energy, industrial applications, infrastructure and EV charging networks. It operates two manufacturing facilities in Rajasthan, supported by a corporate office in Gurugram, equipped with advanced machinery and in-house testing laboratories to ensure product reliability and compliance. Its integrated management system is certified under ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. Through its technical expertise and quality-focused approach, the Company aims to deliver efficient, durable and performance-driven electrical solutions to institutional customers.

Accord Transformer & Switchgear Limited IPO Lot Size

Lot Information for Accord Transformer & Switchgear Limited IPO
Category Lots Shares Amount
Ind (Min) 2 6,000 ₹2,76,000
Ind (Max) 2 6,000 ₹2,76,000
S-HNI (Min) 3 9,000 ₹4,14,000
S-HNI (Max) 7 21,000 ₹9,66,000
B-HNI (Min) 8 24,000 ₹11,04,000
Allocate Funds
Market Maker
2,82,000 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Accord Transformer & Switchgear Limited IPO Size

Total ₹26 Cr
Fresh Issue
₹26 Cr (0.56 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Capital expenditure towards purchase of Machinery & equipment
  2. Funding of the working capital requirement of the Company
  3. General corporate purposes

Accord Transformer & Switchgear Limited IPO Live Subscription

Updated as on 25 Feb 2026 | 06:58:37 PM

Accord Transformer & Switchgear Limited IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 153.01x 10,56,000 16,15,83,000
NII 606.02x 7,92,000 47,99,70,000
bHNI 709.68x 5,28,000 37,47,12,000
sHNI 398.70x 2,64,000 10,52,58,000
Individual 367.59x 18,48,000 67,93,02,000
Total 357.37x 36,96,000 1,32,08,55,000

Accord Transformer & Switchgear Limited IPO Details Live GMP

GMP ₹6
Est. Price ₹52
Est. Gain 13.04%

Accord Transformer & Switchgear Limited IPO Peer Comparison

(Rs. in crores)

Accord Transformer & Switchgear Limited IPO Peer Comparison Table
Particulars Accord Danish Power Transformers & Rectifiers Voltamp Transformers
Revenue 79.02 426.71 2,019.38 1,616.22
PAT 6.05 57.59 216.44 307.36
EPS (₹) 4.35 34.55 7.21 321.65
NAV (₹) 14.35 162.50 42.39 1,569.24
RONW 28.10% 18.00% 17.01% 20.50%
EBITDA 11.49% 20.57% 17.51% 24.12%
PAT Mrgn 7.66% 13.50% 10.72% 19.02%
PE Ratio 10.57 18.09 34.43 24.76
Debt to Equity 0.55 0.01 0.22 -

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 22, 2025 for Peers

Accord Transformer & Switchgear Limited IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Accord Transformer & Switchgear Limited IPO
Particulars Dec-25 Mar-25 Mar-24 Mar-23
Revenue 45.22 79.02 48.54 40.78
PAT 2.91 6.05 1.61 0.88
Net Worth 24.45 21.54 6.04 4.43
Borrowings 4.37 11.81 9.13 2.30
Assets 41.02 59.89 26.46 15.82
NAV (₹) 16.29 14.35 4.74 3.48
EPS (₹) 1.94 4.35 1.26 0.69

Key Performance Indicators (KPIs)

EBITDA

11.49%

PAT

7.66%

ROAE

43.90%

ROCE

26.09%

Debt to Equity

0.55

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

84.94%

Public

15.06%

Pradeep Verma 42.47%
Shalini Singh 42.47%

Management

Pradeep Verma
Chairman & MD
Nitin Gupta
CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Lead Managers (1)

GYR Capital

Company Details

Name: Accord Transformer & Switchgear Limited

Address: Unit No. 724, Seventh Floor, Eros Corporate Park, K Block, Sector2, IMT Manesar, Gurgaon, Manesar, Haryana, India, 122052

Number: +91 85274 22944

Email: compliance@atsgroup.in

Website: https://atsgroup.in/

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Frequently Asked Questions (FAQs)

What is Accord Transformer & Switchgear Limited IPO?
Accord Transformer & Switchgear Limited IPO is a SME IPO having an issue size of ₹26 Crs. Accord Transformer & Switchgear Limited IPO is priced at ₹43 - ₹46 per share. The issue opens on 23 Feb 26 and closes on 25 Feb 26.
When will Accord Transformer & Switchgear Limited IPO open?
Accord Transformer & Switchgear Limited IPO opens on 23 Feb 26 and closes on 25 Feb 26.
What is the GMP of Accord Transformer & Switchgear Limited IPO?
The estimated Grey Market Premium of Accord Transformer & Switchgear Limited IPO is ₹6 per share (13.04%).
What is the lot size of Accord Transformer & Switchgear Limited IPO?
The minimum lot size of Accord Transformer & Switchgear Limited IPO is 3000 shares & the minimum application amount is Rs. 138000.
When is the allotment of Accord Transformer & Switchgear Limited IPO?
The allotment date of Accord Transformer & Switchgear Limited IPO is 26 Feb 26.
What is the listing date of Accord Transformer & Switchgear Limited IPO?
The listing date of Accord Transformer & Switchgear Limited IPO is 02 Mar 26.
What is the subscription of Accord Transformer & Switchgear Limited IPO?
Accord Transformer & Switchgear Limited IPO is subscribed 332.11 times.
What is the price band of Accord Transformer & Switchgear Limited IPO?
Accord Transformer & Switchgear Limited IPO is priced at ₹43 - ₹46 per share.
How to check allotment status of Accord Transformer & Switchgear Limited IPO?
Click the allotment link on Accord Transformer & Switchgear Limited IPO page of IPO360.
How to apply Accord Transformer & Switchgear Limited IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Accord Transformer & Switchgear Limited IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Accord Transformer & Switchgear Limited IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Accord Transformer & Switchgear Limited IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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