354.38xsubscribed
Accord Transformer & Switchgear IPO
354.38xsubscribed
Electric Equipment
listed
354.38xsubscribed
₹2.58LMin. investment
Accord Transformer & Switchgear Limited IPO Details
Sector
Electric Equipment
Issue size
₹26Cr
IPO type
SME
Market cap
₹94.64CrLower than sector avg
Price range
₹43.00 – ₹46.00
RevenueApr 2024 - Mar 2025
₹79.02CrLower than sector avg
Listing date
2 Mar 2026
Lot size
3000 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
39.20%
SectorElectric Equipment
Price range₹43.00 – ₹46.00
IPO type
SME
Lot size3000 shares
Issue size₹26Cr
Red Herring Prospectus
Read
Market cap
₹94.64CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹79.02CrLower than sector avg
Growth rate3Y CAGR
39.20%
Accord Transformer & Switchgear IPO Subscription Status
As on 23-Feb-26, 5:30 PM
Accord Transformer & Switchgear IPO Timeline
- Pre-apply20 Feb 2026
- Bid start23 Feb 2026
- Bid end25 Feb 2026
- Allotment26 Feb 2026
- Release of funds27 Feb 2026
- Demat transfer27 Feb 2026
- Listing2 Mar 2026
About Accord Transformer & Switchgear Limited
Accord Transformers and Switchgear is engaged in the design, engineering, manufacturing and supply of a wide range of electrical power equipment. Its product portfolio includes distribution transformers (up to 2.5 MVA, 36 kV), power transformers (up to 20 MVA, 33 kV), dry-type transformers, solar and special duty transformers, compact and skid-mounted substations (up to 2500 kVA), LV/MV control panels, bus ducts and cable trays and EV charging stations. The company operates manufacturing facilities in Haryana and Rajasthan. For FY25, revenue from products contributed 98.44% and rest by the services segment. Within products, transformers were the core revenue contributor at 78.85%, followed by package substations at 14.10%. Geographically, revenue is diversified with Gujarat contributing 56.06%, Dadra and Nagar Haveli 14.23% and Uttar Pradesh 10.44% in FY25.
As on January 18, 2026, the company had an executable order book of ₹164.26 crore. Installed capacity for transformers is 900.36 MVA with capacity utilisation of 69.78% as on Dec 2025. The business is primarily project-driven with top 10 customers contributing over 84.16% of revenue in FY25.
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Objectives of Accord Transformer And Switchgear Limited IPO
Capital Expenditures
50.10%
Working capital
38.40%
General corporate purposes
11.40%
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Accord Transformer & Switchgear IPO Contact Details
Company NameAccord Transformer & Switchgear Limited
How to apply for Accord Transformer & Switchgear IPO?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Latest News on Accord Transformer And Switchgear Limited IPO

Accord Transformer & Switchgear IPO subscribed 5.21 times so far on Day 1: Check price band, lot size and key dates
3 min read

Accord Transformer & Switchgear IPO subscribed 329.19 times so far on Day 3; check allotment date and steps
3 min read

Accord Transformer and Switchgear IPO allotment finalised: How to check status online on BSE, KFin Technologies
3 min read
Accord Transformer And Switchgear Limited IPO FAQs
How to invest in the Accord Transformer & Switchgear IPO ?
Investors can apply for the Accord Transformer & Switchgear IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Accord Transformer & Switchgear IPO ?
The issue size of the Accord Transformer & Switchgear IPO is 26 Cr.
What is 'pre-apply' for Accord Transformer & Switchgear IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Accord Transformer & Switchgear IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Accord Transformer & Switchgear IPO ?
Accord Transformer & Switchgear IPO will be open between 2026-02-23 and 2026-02-25.
What is the allotment date for the Accord Transformer & Switchgear IPO ?
Accord Transformer & Switchgear IPO allotment date is 2026-02-27. For Accord Transformer & Switchgear IPO allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Accord Transformer & Switchgear IPO ?
For Accord Transformer & Switchgear IPO, the IPO registrar is KFIN Technologies Limited. You can check Accord Transformer & Switchgear IPO allotment status on the website of the registrar.
Where is the Accord Transformer & Switchgear IPO getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Accord Transformer & Switchgear IPO shares be credited to your demat account?
The Accord Transformer & Switchgear IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Accord Transformer & Switchgear IPO ?
The Accord Transformer & Switchgear IPO lot size is 3000 and minimum order quantity is 6000.
What is the price band for the Accord Transformer & Switchgear IPO ?
Accord Transformer & Switchgear IPO has set the price band for its IPO at 46 per equity share with a face value of 10.