By ipo-updates.in🏢 Accord Transformer & Switchgear Limited
The Accord Transformer IPO is an SME book-building issue that has attracted attention from retail investors looking for listing gains as well as long-term growth in the power equipment sector. The company operates in the electrical infrastructure space, manufacturing transformers and switchgear products for utilities and industrial clients.
📅 Accord Transformer IPO – Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 February 2026 |
| IPO Close Date | 25 February 2026 |
| Basis of Allotment | 26 February 2026 |
| Refunds Initiated | 27 February 2026 |
| Shares Credit to Demat | 27 February 2026 |
| IPO Listing Date | 2 March 2026 |
| Listing Exchange | BSE SME |
💰 Accord Transformer IPO – Price Band & Lot Size
| Particular | Details |
|---|---|
| IPO Type | SME Book Built Issue |
| Face Value | ₹10 per share |
| Price Band | ₹43 – ₹46 per share |
| Lot Size | 3,000 Shares |
| Minimum Investment (Retail) | ₹1,38,000 (Approx at ₹46) |
| Total Issue Size | 55,62,000 Shares |
| Issue Amount | Approx ₹23.9 – ₹25.6 Crore |
| Fresh Issue | Yes |
| Offer For Sale | No |
This IPO is a complete fresh issue, meaning the company will receive the funds for business expansion and working capital.
📊 IPO Reservation / Category Quota
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyers) | 50% |
| NII / HNI | 15% |
| Retail Investors | 35% |
Retail investors have a decent allocation of 35% in this SME IPO.
📈 Accord Transformer IPO GMP (Grey Market Premium)
| Particular | Details |
|---|---|
| Latest GMP | ₹0 – ₹3 |
| Estimated Listing Price (Upper Band ₹46) | ₹46 – ₹49 |
| Expected Listing Gain | 0% – 6% Approx |
GMP keeps changing daily. It is unofficial and only indicates market sentiment.
Currently, the GMP trend shows modest demand in the grey market. Investors should not apply only based on GMP.
🏭 Company Overview
Accord Transformer & Switchgear Limited is engaged in manufacturing:
- Distribution Transformers (up to 2.5 MVA)
- Power Transformers (up to 20 MVA)
- Dry-type Transformers
- Solar Transformers
- Electrical Panels
- Switchgear Equipment
- Compact Substations
The company serves:
- State Electricity Boards
- Renewable Energy Projects
- Industrial Clients
- Infrastructure Developers
The company benefits from the increasing demand for power infrastructure and renewable energy in India.
📊 Financial Performance
| Financial Year | Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|
| FY2023 | 40.78 | 0.87 |
| FY2024 | 48.54 | 1.61 |
| FY2025 | 79.02 | 6.05 |
| 9M FY2026 | 45.22 | 2.91 |
Financial Highlights:
- Strong revenue growth in FY2025
- Significant improvement in profitability
- PAT growth shows operational efficiency
📌 IPO Valuation (Approximate)
| Metric | Value |
|---|---|
| EPS (FY25) | Approx ₹ — |
| P/E Ratio | Moderate |
| NAV | As per RHP |
| RoNW | Improving |
(Exact numbers depend on final RHP figures.)
📊 Subscription Status (Live Updates Format)
| Category | Subscription (Times) |
|---|---|
| QIB | — |
| NII / HNI | — |
| Retail | — |
| Total | — |
(Subscription numbers will update daily during IPO bidding period.)
🎯 Allotment Details
| Particular | Details |
|---|---|
| Registrar | KFin Technologies |
| Allotment Finalisation | 26 February 2026 |
| Refund Date | 27 February 2026 |
| Shares Credit | 27 February 2026 |
How to Check Allotment Status:
- Visit the registrar website
- Enter PAN number or Application number
- Click search
If allotted, shares will reflect in your demat account before listing.
💹 Listing Details
| Particular | Details |
|---|---|
| Listing Date | 2 March 2026 |
| Exchange | BSE SME |
| Listing Type | SME IPO |
SME IPOs can be volatile on listing day. Liquidity is lower compared to mainboard IPOs.
🏢 Registered Office Address
Accord Transformer & Switchgear Limited
(As per IPO documents)
📍 Registered Office:
[Industrial Area Address],
[City], [State], India
PIN Code: [XXXXXX]
📞 Contact: As per RHP
🌐 Website: As per company filings
(Investors should verify exact address details from the official RHP before investing.)
📝 IPO Review – Should You Apply?
✅ Positives:
- Growing transformer manufacturing sector
- Strong revenue growth
- Improving profitability
- Government focus on power infrastructure
⚠ Risks:
- SME IPO liquidity risk
- Moderate GMP
- Dependent on infrastructure demand
📌 IPO Summary Table
| Feature | Details |
|---|---|
| IPO Name | Accord Transformer IPO |
| Price Band | ₹43 – ₹46 |
| Lot Size | 3,000 Shares |
| Minimum Investment | ₹1.38 Lakh |
| Issue Size | ₹25.6 Crore (Approx) |
| IPO Open | 23 Feb 2026 |
| IPO Close | 25 Feb 2026 |
| Allotment | 26 Feb 2026 |
| Listing | 2 March 2026 |
| Exchange | BSE SME |
| GMP | ₹0 – ₹3 |
DISCLAMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
