Accord Transformer & Switchgear IPO IPO
Accord Transformer & Switchgear Limited
Minimum Investment
About Company
Company Name: Accord Transformer & Switchgear Limited
Industry / Sector: Electrical Equipment / Power Infrastructure
Founded Year: 2010
Promoters: Rajesh Kumar, Anil Kumar
Accord Transformer & Switchgear Limited focuses on developing and producing electrical equipment such as power transformers, distribution transformers, and various switchgear systems. These products are widely utilized in power transmission and distribution networks, utility operations, and renewable energy installations, supporting reliable and efficient electrical infrastructure.
IPO Basic Details
| Company Name | Accord Transformer & Switchgear Limited |
| IPO Type | SME IPO |
| Price Band | ₹43 – ₹46 |
| Lot Size | 3000 |
| Total Issue Size | ₹25.59 Cr |
IPO Strengths & Risks
Strengths
- Strong order book in power distribution sector
- Established relationships with utilities and EPC contractors
- Growing demand from renewable and infrastructure sectors
- In-house manufacturing capabilities
Risks
- Dependence on power sector spending
- Working capital intensive business
- Competition from larger transformer manufacturers
- Raw material price volatility
IPO Important Dates
| IPO Open Date | 23 Feb 2026 |
| IPO Close Date | 25 Feb 2026 |
| Basis of Allotment | 26 Feb 2026 |
| Refund Initiation | 27 Feb 2026 |
| Demat Credit Date | 28 Feb 2026 |
| Listing Date | 02 Mar 2026 |
| Anchor Investor Date | 20 Feb 2026 |
| UPI Mandate Deadline | 25 Feb 2026 |
IPO Objectives
- Capital expenditure for machinery and equipment – Capital expenditure for machinery and equipment – ₹13.03 Cr
- Funding working capital requirements – ₹10 Cr
- Debt repayment – N/A
- General corporate purposes – Remaining amount from ₹23.03 Cr
Investor Reservation
| QIB Quota | 47.46% |
| Retail Quota | 33.23% |
| HNI Quota | 14.24% |
| Employee Quota | 0% |
| Shareholder Quota | 0% |
| Anchor Investor Allocation | 28.48% |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 6000 | ₹2,76,000 |
| Retail Maximum | 2 lots | 6000 | ₹2,76,000 |
| S-HNI Minimum | 3 lots | 9000 | ₹4,14,000 |
| S-HNI Maximum | 7 lots | 21000 | ₹9,66,000 |
| B-HNI Minimum | 8 lots | 24000 | ₹11,04,000 |
Key Performance Indicators (KPI)
| ROE | 43.90% |
| ROCE | 26% |
| RoNW | 28.10% |
| PAT Margin | 7.66% |
| EBITDA Margin | 11.49% |
| EPS | ₹4.03 (Pre-IPO) / ₹2.94 (Post-IPO) |
| NAV per share | ₹14.36 |
| Debt to Equity | 0.55 |
| P/E Ratio | 15.63x |
| Industry P/E | 20x |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | ₹15.82 Cr | ₹40.81 Cr | ₹0.87 Cr | ₹1.54 Cr | ₹4.43 Cr | ₹2.30 Cr |
| 31 Mar 2024 | ₹26.46 Cr | ₹48.60 Cr | ₹1.61 Cr | ₹2.67 Cr | ₹6.04 Cr | ₹9.13 Cr |
| 31 Mar 2025 | ₹59.89 Cr | ₹79.20 Cr | ₹6.05 Cr | ₹9.10 Cr | ₹21.54 Cr | ₹11.81 Cr |
| 31 Dec 2025 | ₹41.02 Cr | ₹45.29 Cr | ₹2.91 Cr | ₹4.62 Cr | ₹24.45 Cr | ₹4.37 Cr |
Grey Market Premium
| GMP Price | ₹4 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | March 2026 |
| Estimated Listing Price | ₹50 |
IPO Subscription Data
| Total Subscription | 357.37x |
| QIB (Ex Anchor) | 153.01x |
| HNI Subscription | 606.02x |
| Retail Subscription | 367.59x |
| Anchor | Fully subscribed |
IPO Intermediaries
Registrar: Kfin Technologies Ltd.
Registrar Website: https://kfintech.com
IPO Lead Manager(s)
Company Information
Address: Ahmedabad, Gujarat, India
Website: https://accordtransformer.com
Email: info@accordtransformer.com
Phone: +91-79-xxxxxxx
IPO Documents
Frequently Asked Questions (FAQ)
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