SME
IPO ·
BSE SME
Accord Transformer & Switchgear Ltd
Listed
Accord Transformer & Switchgear Ltd., incorporated in 2014, is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.
Issue details
Price band
₹43 – ₹46
Face value
₹10
Lot size
3,000 shares
Minimum investment
₹2,76,000
Issue size
₹25.59 Cr
Fresh issue
₹24.29 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
23 Feb 2026
Closes
25 Feb 2026
UPI mandate cut-off
5:00 PM on 25 Feb 2026
Allotment
26 Feb 2026
Refunds
27 Feb 2026
Shares in demat
27 Feb 2026
Listing
2 Mar 2026
Subscription and listing
Subscription
248.47x
Listing price
₹50
Registrar
Kfin Technologies Ltd
Lead manager
GYR Capital Advisors
Subscription by category
Total
248.47x
Total applications
1,37,766
Anchor investors
Amount raised
₹7.29 Cr
Bid date
20 Feb 2026
50% lock-in ends
27 Mar 2026
Rest lock-in ends
26 May 2026
Listing day
Issue price
₹46
Open
₹50.00
High
₹52.50
Low
₹47.50
Day close
₹52.50
Listing gain at open
+8.70%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
26,40,000
47.46%
Anchor Investor Shares Offered
15,84,000
28.48%
QIB (Ex. Anchor) Shares Offered
10,56,000
18.99%
NII Shares Offered
7,92,000
14.24%
bNII > ₹10L
5,28,000
9.49%
sNII < ₹10L
2,64,000
4.75%
Retail Shares Offered
18,48,000
33.23%
Market Maker Shares Offered
2,82,000
5.07%
Total Shares Offered
55,62,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 63%, PAT up 276%, ROE 12.67%, D/E 0.18, post-issue P/E 15.63x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Accord Transformer & Switchgear Ltd., incorporated in 2014, is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment. With over 10 years of experience, the company caters to the standard and customised requirements of clients across various sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks. Product Portfolio Accord Transformer & Switchgear Ltd. offers a comprehensive product portfolio, including: 1.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
12.67%
ROCE
14.52%
Debt / equity
0.18
PAT margin
6.44%
P/E post issue
15.63
Market cap
₹94.64 Cr
Use of IPO money
Capital expenditure towards purchase of machinery and equipment
₹13.03 Cr
Funding of Working Capital Requirements
₹10.00 Cr
Issue Expenses
₹2.56 Cr
Strengths
✓
Revenue up 63% in FY25 to ₹79.20 Cr
✓
PAT up 276% in FY25 to ₹6.05 Cr
✓
Moderate leverage: debt to equity 0.18
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 6.44%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.