Accord Transformer And Switchgear Limited
Bookbuilding IPO · BSE
- Price band
- ₹43 - ₹46
- Lot size
- 3,000 shares
- Issue amount
- ₹25.59 cr
- Total subscription
- 357.45×
- Opens
- 23 Feb 2026
- Closes
- 25 Feb 2026
- Allotment
- 26 Feb 2026
- Listing
- 2 Mar 2026
Offer at a glance
Issue overview
- Issue size
- 55,62,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,29,000
- Fresh issue
- ₹25.59 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,38,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,50,11,289
- Shares after issue
- 2,05,73,289
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 6,000 | ₹2,76,000 |
| sHNI | 3 | 9,000 | ₹4,14,000 |
| bHNI | 8 | 24,000 | ₹11,04,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 25 Feb 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 82 |
| NIB | 0 | 26,181 |
| RETAIL | 308 | 1,13,217 |
| HNIs(10L +) | 59 | 15,167 |
| HNIs (2-10L) | 29 | 11,014 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.86 | 743.28 |
| FIIs | 0 | 102.38 |
| Mutual Funds | 0 | 12.21 |
| Others | 0 | 585.35 |
| RETAIL | 8.5 | 3,124.79 |
| HNIs 2+ | 1.21 | 484.19 |
| HNIs 10+ | 2.43 | 1,724.97 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 1.94 | 4.35 | 1.26 |
| ROE | 12.67 | 43.9 | 30.69 |
| ROCE | 14.52 | 26.09 | 16.47 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 11.41 | 0 |
| POST IPO(PE) | 15.63 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Danish Power | 18.09 | 625.10 | 10.00 | 162.5 | 18 | 34.55 |
| Transformers and Rectifiers (India) | 34.43 | 248.25 | 1.00 | 42.39 | 17.01 | 7.21 |
| Voltamp Transformers | 24.76 | 7964.40 | 10.00 | 1,569.24 | 20.5 | 321.65 |
| Accord Transformer & Switchgear | 11.41 | 46.00 | 10.00 | 14.35 | 28.1 | 4.35 |
Company information
Company profile
Accord Transformer & Switchgear Ltd., incorporated in 2014, is an experienced company involved in designing, engineering, manufacturing, and supplying a wide range of electrical power and distribution equipment for sectors such as power transmission and distribution, renewable energy, industries, infrastructure projects, and EV charging networks. The company offers products including distribution, power, dry-type, and special-purpose transformers, along with LV and MV control panels, switchgear, package substations, busducts, and customized control panels developed in collaboration with Schneider Electric. Accord operates two well-equipped manufacturing units in Bhiwadi, Rajasthan, supported by advanced machinery and in-house testing facilities, while its registered office is in Manesar, Haryana, and as of December 31, 2025, the company employed 114 permanent staff members.
Strengths
- Experienced Promoters: Strong technical and industry expertise supports efficient execution and scalable growth.
- In-House Manufacturing: Advanced machinery and testing facilities ensure quality, cost control, and timely production.
- Established Customer Relationships: Long-term clients in power and infrastructure sectors drive repeat business and stability.
Risk factors
- Lease Dependency Risk: Manufacturing operations on leased premises may face disruption if the lease is not renewed or terminated.
- Strict Performance Obligations: Failure to meet delivery timelines or quality standards may result in penalties or order cancellations.
- Customer Concentration Risk: Heavy reliance on a few customers may impact financial performance if key clients are lost.
Promoters
Mr. Pradeep Kumar Verma
Mrs. Shalini Singh
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 724, Seventh Floor Eros Corporate Park, K Block, Sector 2 IMT Manesar, Manesar Gurgaon, Haryana, 122052
+91 85274 22944
[email protected]Company website ↗Understanding ACCORDTS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.