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  1. Accord Transformer & Switchgear IPO
Accord Transformer & Switchgear IPO
354.38xsubscribed

Accord Transformer & Switchgear IPO

Electric Equipment
listed
₹2.58LMin. investment

Accord Transformer & Switchgear Limited IPO Details

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

Date
QIB
NII
Retail
Total
23-Feb-26
0.09 times (X)
11.05 times (X)
16.26 times (X)
10.53 times (X)
24-Feb-26
0.47X
48.71X
59.74X
40.75X
25-Feb-26
7.77X
591.42X
363.42X
354.38X

As on 23-Feb-26, 5:30 PM

Accord Transformer & Switchgear IPO Timeline

  1. Pre-apply
    20 Feb 2026
  2. Bid start
    23 Feb 2026
  3. Bid end
    25 Feb 2026
  4. Allotment
    26 Feb 2026
  5. Release of funds
    27 Feb 2026
  6. Demat transfer
    27 Feb 2026
  7. Listing
    2 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%
The company will utilise ₹13.03 crore for purchasing machinery and equipment.
Working capital
38.40%
The company will utilise ₹10 crore for funding working capital requirement of the business
General corporate purposes
11.40%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹79.02Cr39.20%₹6.05Cr₹94.64Cr10.570.55
This sector (avg.)₹1,165.91Cr0%₹116.9Cr₹10,304.95Cr99.840.59
₹12,188.31Cr---₹1,874.61Cr₹1,18,213.1Cr66.900.01
₹17,364.2Cr---₹1,688.8Cr₹1,10,443.7Cr65.400.01
₹9,908.66Cr---₹972.98Cr₹91,981.6Cr81.420.01

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Accord Transformer & Switchgear IPO Contact Details

Company NameAccord Transformer & Switchgear Limited

How to apply for Accord Transformer & Switchgear IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Accord Transformer And Switchgear Limited IPO FAQs

Investors can apply for the Accord Transformer & Switchgear IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Accord Transformer & Switchgear IPO is 26 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
Accord Transformer & Switchgear IPO will be open between 2026-02-23 and 2026-02-25.
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.
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.
The shares are proposed to be listed on the BSE and NSE.
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.
The Accord Transformer & Switchgear IPO lot size is 3000 and minimum order quantity is 6000.
Accord Transformer & Switchgear IPO has set the price band for its IPO at 46 per equity share with a face value of 10.