Accord Transformer & Switchgear Ltd.
BSE: ACCORDTS
SMEUPCOMING
Grey Market Premium*
UPDATED: 25-Feb-2026₹12+26.09%
Est. Listing*₹58
Upper band ₹46
* GMP indicative only. Not investment advice.
GMP sourced from IPO Guru
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Financial Performance
Figures in ₹ Crores unless specified
| Metric | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 41 | 59.9 | 26.5 | 15.8 |
| Total Income | - | - | - | - |
| PAT | 2.9 | 6.1 | 1.6 | 0.9 |
| EBITDA | 4.6 | 9.1 | 2.7 | 1.5 |
| Net Worth | 24.5 | 21.5 | 6 | 4.4 |
| Reserves | - | - | - | - |
| Total Borrowing | - | - | - | - |
Key Performance Indicators
| KPI | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE (%) | 12.67 | 43.9 | 30.69 |
| ROCE (%) | 14.52 | 26.09 | 16.47 |
| EPS (₹) | 1.94 | 4.35 | 1.26 |
| P/E (Pre) | - | - | - |
| P/E (Post) | - | - | - |
IPO Details
Price Band
₹43 - ₹463000 Shares
Lot Size
3,000 Shares
Total Issue Size
₹25.59 Cr55,62,000 Shares
Fresh Issue
₹25.59 Cr55,62,000 Shares
Offer for Sale
TBA
Face Value
₹10
Listing At
BSE SME
Dates
IPO Open
23 Feb 2026
IPO Close
25 Feb 2026
Allotment
26 Feb 2026
Listing
02 Mar 2026
IPO Open23 Feb 2026
IPO Close25 Feb 2026
Allotment26 Feb 2026
Listing02 Mar 2026
Lot Size & Investment Limits
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 6000 | 276000 |
| sHNI | 3 | 9000 | 414000 |
| bHNI | 8 | 24000 | 1104000 |
Peer Comparison
| Company | CMP (₹) | P/E Ratio | ROE (%) |
|---|---|---|---|
| Danish Power | 625.1 | 18.09 | -% |
| Transformers and Rectifiers (India) | 248.25 | 34.43 | -% |
| Voltamp Transformers | 7,964.4 | 24.76 | -% |
| Accord Transformer & Switchgear Ltd | 46 | 11.41 | -% |
About Accord Transformer & Switchgear Ltd.
Accord Transformer & Switchgear Ltd. is engaged in the design, engineering, manufacturing and supply of power and distribution transformers, switchgear and electrical panels, catering to power, renewable energy, infrastructure and EV charging sectors.
Company Information
Registered Address
Unit No. 724, Seventh Floor, Eros Corporate Park, K Block, Sector 2, IMT Manesar, Gurgaon, Haryana, 122052
Lead Managers
- GYR Capital Advisors Private Limited
Market Maker
Giriraj Stock Broking
Company Strengths (from RHP)
- ✓Experienced promoters with strong domain expertise
- ✓In-house manufacturing and testing capabilities
- ✓Established customer relationships across power and infrastructure sectors
Key Risks (from RHP)
- ⚠Lease dependency risk for manufacturing unit
- ⚠Strict contractual performance obligations
- ⚠Customer concentration risk
Objects of the Issue
• Capital expenditure for manufacturing expansion (₹13.03 Cr)
• Working capital requirements (₹10.00 Cr)
• General corporate purposes
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Registrar Contact
KFin Technologies Limited
Waiting for Allotment
Related IPOs
- Teamtech Formwork Solutions IPOGMP ₹0
- Goldline Pharmaceutical IPOGMP ₹18
- RFBL Flexi Pack IPOGMP ₹0
- Simca Advertising IPOGMP ₹10
- Recode Studios IPOGMP ₹42
Disclaimer
Data on OpenIPO is for informational purposes only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may vary. Verify all details from the company RHP and official registrar websites before making decisions.