Accord Transformer & Switchgear Limited IPO
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.
Price Band₹43 - ₹46 |
Dates23 Feb - 25 Feb |
GMP₹5 (10.87%) |
Subscriptions- |
Issue Size₹25.59 Crs |
Accord Transformer & Switchgear Limited IPO Key Dates
Opening Date
23 Feb 26
Closing Date
25 Feb 26
Basis Of Allotment
26 Feb 26
Initiations Of Refund
26 Feb 26
Credit Of Shares
27 Feb 26
Listing Date
02 Mar 26
Accord Transformer & Switchgear Limited IPO Objects
- Capital expenditure towards purchase of Machinery & equipment
- Funding of the working capital requirement of the Company
- General corporate purposes
Accord Transformer & Switchgear Limited IPO Details
Price Band₹43 - ₹46 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹25.59 Cr (0.56 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹25.59 Cr (0.56 Cr Shares) |
Face Value₹10 per equity share |
Accord Transformer & Switchgear Limited IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
6,000
2,76,000
Maximum
2
6,000
2,76,000
|
|||
| Small HNI |
Minimum
3
9,000
4,14,000
Maximum
7
21,000
9,66,000
|
|||
| Big HNI |
Minimum
8
24,000
11,04,000
|
|||
Accord Transformer & Switchgear Limited IPO GMP
The estimated Grey Market Premium of Accord Transformer & Switchgear Limited IPO is ₹5 per share (10.87%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 2,82,000 EQ. Shares |
Accord Transformer & Switchgear Limited IPO Financials
| Particulars | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 4,521.63 | 7,902.25 | 4,853.69 | 4,078.17 |
| PAT | 291.34 | 605.36 | 160.67 | 87.81 |
| Net Worth | 2,445.45 | 2,154.11 | 603.91 | 443.24 |
| Borrowings | 437.12 | 1,180.73 | 913.45 | 229.88 |
| Assets | 4,102.49 | 5,989.03 | 2,645.97 | 1,582.16 |
| NAV (₹) | 16.29 | 14.35 | 4.74 | 3.48 |
| EPS (₹) | 1.94 | 4.35 | 1.26 | 0.69 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 11.49% |
| PAT | 7.66% |
| ROAE | 43.90% |
| ROCE | 26.09% |
| Debt to Equity | 0.55 |
| PE Ratio | 10.57 |
| PB Ratio | 3.21 |
| Mkt Cap (in Crs.) | 94.64 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Accord Transformer & Switchgear Limited IPO Peer Comparision
| Particulars | Accord | Danish Power | Transformers & Rectifiers | Voltamp Transformers |
|---|---|---|---|---|
| Revenue | 7,902.25 | 42,670.98 | 2,01,938.19 | 1,61,622.27 |
| PAT | 605.36 | 5,759.14 | 21,643.51 | 30,736.07 |
| 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 Peer Comparision
| Particulars | Accord |
|---|---|
| Revenue | 7,902.25 |
| PAT | 605.36 |
| EPS (₹) | 4.35 |
| NAV (₹) | 14.35 |
| RONW | 28.10% |
| EBITDA | 11.49% |
| PAT Mrgn | 7.66% |
| PE Ratio | 10.57 |
| Debt to Equity | 0.55 |
| Danish Power | Transformers & Rectifiers | Voltamp Transformers |
|---|---|---|
| 42,670.98 | 2,01,938.19 | 1,61,622.27 |
| 5,759.14 | 21,643.51 | 30,736.07 |
| 34.55 | 7.21 | 321.65 |
| 162.50 | 42.39 | 1,569.24 |
| 18.00% | 17.01% | 20.50% |
| 20.57% | 17.51% | 24.12% |
| 13.50% | 10.72% | 19.02% |
| 18.09 | 34.43 | 24.76 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Pradeep Verma | 42.47% |
| Shalini Singh | 42.47% |
| Total | 84.94% |
Management Details
| Name | Designation |
|---|---|
| Pradeep Verma | Chairman & MD |
| Nitin Gupta | CFO |
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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Find answers to common questions that come in your mind related to IPO.
Accord Transformer & Switchgear Limited IPO is a SME IPO having an issue size of Rs. ₹25.59 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.
Accord Transformer & Switchgear Limited IPO opens on 23 Feb 26 and closes on 25 Feb 26.
The estimated Grey Market Premium of Accord Transformer & Switchgear Limited IPO is ₹5 per share (10.87%).
The minimum lot size of Accord Transformer & Switchgear Limited IPO is 3000 shares & the minimum application amount is Rs. 138000.
The allotment date of Accord Transformer & Switchgear Limited IPO is 26 Feb 26.
The listing date of Accord Transformer & Switchgear Limited IPO is 02 Mar 26.
Accord Transformer & Switchgear Limited IPO is subscribed -.
Accord Transformer & Switchgear Limited IPO is priced at ₹43 - ₹46 per share.
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