Incorporated in 2014, Accord Transformer & Switchgear is a specialized player in electrical power equipment. They design and manufacture a wide range of transformers and switchgear for critical sectors.

| Event | Date |
|---|---|
| IPO Opens | Monday, Feb 23, 2026 |
| IPO Closes | Wednesday, Feb 25, 2026 |
| Basis of Allotment | Thursday, Feb 26, 2026 |
| Refund / Share Credit | Friday, Feb 27, 2026 |
| Tentative Listing Date | Monday, Mar 2, 2026 |
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 2 Lots | 6,000 | ₹2,76,000 |
| Retail (Maximum) | 2 Lots | 6,000 | ₹2,76,000 |
| Small HNI (Min) | 3 Lots | 9,000 | ₹4,14,000 |
| Small HNI (Max) | 7 Lots | 21,000 | ₹9,66,000 |
| Big HNI (Min) | 8 Lots | 24,000 | ₹11,04,000 |
| Period Ended | Total Assets | Income | PAT (Profit) | EBITDA | Net Worth |
|---|---|---|---|---|---|
| 31-Dec-2025 (9M) | 41.02 | 45.29 | 2.91 | 4.62 | 24.45 |
| 31-Mar-2025 | 59.89 | 79.20 | 6.05 | 9.10 | 21.54 |
| 31-Mar-2024 | 26.46 | 48.60 | 1.61 | 2.67 | 6.04 |
| 31-Mar-2023 | 15.82 | 40.81 | 0.87 | 1.54 | 4.43 |
Key Performance Indicators
ROE: 43.90% (FY25)
ROCE: 26% (FY25)
PAT Margin: 7.66%
Debt/Equity: 0.18 (Very Low Debt)
P/E Ratio (Post): 15.63x
Issue Structure
Total Issue: 55.62 Lakh Shares
Fresh Issue: 100% (₹25.59 Cr)
Promoter Holding (Post): 61.98%
Market Maker: Giriraj Stock Broking
Face Value: ₹10 per share
Incorporated in 2014, Accord Transformer & Switchgear is a specialized player in electrical power equipment. They design and manufacture a wide range of transformers and switchgear for critical sectors.
Sectors Served: Renewable Energy (Solar/Wind), EV Charging Networks, Infrastructure Projects, and Industrial Applications.
Infrastructure: Two advanced manufacturing units in Bhiwadi, Rajasthan, featuring plasma cutting, foil winding, and in-house testing labs.
- ₹13.03 Cr: Capital expenditure for machinery and equipment.
- ₹10.00 Cr: Funding incremental working capital requirements.
- Balance: General corporate purposes.
Website: atsgroup.in
