Accord Transformer & Switchgear IPO: Why This EV-Linked Power Play is Trending & How to Apply?

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.

Accord Transformer & Switchgear IPO

Accord Transformer & Switchgear Ltd IPO

BSE SME IPO | Power & Distribution Equipment | 100% Fresh Issue

Price Band₹43 – ₹46
Issue Size₹25.59 Cr
Lot Size3,000 Shares
Market Cap₹94.64 Cr
Retail Min₹2,76,000
Listing AtBSE SME
IPO Timetable (Tentative)
EventDate
IPO OpensMonday, Feb 23, 2026
IPO ClosesWednesday, Feb 25, 2026
Basis of AllotmentThursday, Feb 26, 2026
Refund / Share CreditFriday, Feb 27, 2026
Tentative Listing DateMonday, Mar 2, 2026
Lot Size & Category Reservations
Application TypeLotsSharesAmount
Retail (Minimum)2 Lots6,000₹2,76,000
Retail (Maximum)2 Lots6,000₹2,76,000
Small HNI (Min)3 Lots9,000₹4,14,000
Small HNI (Max)7 Lots21,000₹9,66,000
Big HNI (Min)8 Lots24,000₹11,04,000
Financial Performance (₹ in Crores)
Period EndedTotal AssetsIncomePAT (Profit)EBITDANet Worth
31-Dec-2025 (9M)41.0245.292.914.6224.45
31-Mar-202559.8979.206.059.1021.54
31-Mar-202426.4648.601.612.676.04
31-Mar-202315.8240.810.871.544.43

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

About Accord Transformer & Switchgear Ltd.

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.

Collaboration: Partner with Schneider Electric for Prisma Set Panels
Objects of the Issue
  • ₹13.03 Cr: Capital expenditure for machinery and equipment.
  • ₹10.00 Cr: Funding incremental working capital requirements.
  • Balance: General corporate purposes.
Registrar & Contact Info
Registrar: Kfin Technologies Ltd.
Phone: 040-67162222
Email: accord.ipo@kfintech.com
Lead Manager: GYR Capital Advisors
Website: atsgroup.in

Disclaimer: SME IPOs carry higher liquidity risks. Investors should review the RHP before applying. Source: forgeup.in Finance.

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