Accord Transformer & Switchgear Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Accord Transformer & Switchgear Ltd IPO

We are engaged in the design, engineering, manufacturing, and supply of a wide range of transformers, control panels and distribution equipment, catering to standard and customised requirements across power transmission and distribution, renewable energy, industrial applications, infrastructure, and EV charging networks. With two manufacturing facilities in Rajasthan, supported by office in Gurugram, we operate with advanced machinery, in-house testing laboratories, and an integrated management system certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

Accord Transformer & Switchgear Ltd IPO Details

Total Shares Offered

₹ 55,62,000

Offer to Public

TBA

Retail Max (Shares)

₹ 18,48,000

Pre Issue Promoters Holding

₹ 1,27,50,000

Exchange

BSE

Issue size

₹ 25.59 Cr

IPO Open Date

Feb 23, 2026

Close Date

Feb 25, 2026

Lot Size

6000

Min Investment

₹ 2,58,000

Issue Type

Book Building - SME

Listing Date

Mar 2, 2026

Accord Transformer & Switchgear Ltd IPO Dates

Feb 23, 2026

Opening date

Feb 25, 2026

Closing date

Feb 26, 2026

Basis of Allotment

Feb 26, 2026

Initiation of Refunds

Feb 27, 2026

Credit of Shares

Mar 2, 2026

Listing date

Details

Sector	Type
Sector	Electric Equipment
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	61.21x	2640000	161583000
NII	606.38x	792000	480252000
Retail	367.59x	1848000	679302000
Employee	0x	0	0
Total	237.53x	5562000	1321137000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

61.21x

606.38x

367.59x

237.53x

2640000

792000

1848000

5562000

161583000

480252000

679302000

1321137000

Accord Transformer & Switchgear Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	8.58	2.30	1.35
EBITDA	8.98	2.46	1.48
PAT	6.05	1.61	0.87
Total Assets	52.79	21.29	13.15
Share Capital	0.29	0.25	0.25
Total Borrowings	15.20	9.94	2.88
Operating Activities (Net Cash)	6.45	1.77	1.00
Investing Activities (Net Cash)	-0.04	-1.75	0.00
Financing Activities (Net Cash)	15.20	9.94	2.88
Net Cashflow	1.27	0.66	1.16

About Accord Transformer & Switchgear Ltd

Our Company was originally incorporated as `Accord Transformer & Switchgear Private Limited' a private limited company under the Companies Act, 2013 at Gurgaon, Haryana, pursuant to a certificate of incorporation dated June 20, 2014, issued by the Registrar of Companies, Delhi and Haryana, (RoC). Thereafter, name of our Company was changed from `Accord Transformer & Switchgear Private Limited' to `Accord Transformer & Switchgear Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on October 22, 2024 and a fresh certificate of incorporation consequent to conversion of the company was issued by the Registrar of Companies, Central Processing Centre on December 04, 2024. Our Company's Corporate Identity Number is U31500HR2014PLC052544.

The electrical equipment market size has grown strongly in recent years. It will grow from $1667.51 billion in 2024 to $1752.23 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. India Switchgear Market is growing owning to increasing adoption of smart switchgear and rising investment in developing renewable energy along with government regulations or subsidies. The rapid growth in investment in renewable energy infrastructure and power generation capacities is expected to drive the India switchgear market during the forecast period. The growing adoption of smart Internet of Things (IoT) ready switchgears solutions are one of the key fundamental factors driving the India Switchgear market.

Peer Comparison:

Danish Power Limited
Transformers and Rectifiers (India) Ltd
Voltamp Transformers Limited

Accord Transformer & Switchgear Ltd Key Points

Strengths

Experienced Promoters having deep domain knowledge to scale up the business.

In house manufacturing capabilities.

Long-standing customer base leading to stability in our business operations.

Management team having established track record.

Established track record of successfully completed projects.

Risk

The company does not own the premises in which one of its manufacturing units is located and the same are on lease arrangement. Any termination of such lease and/or non-renewal thereof and attachment by Property Owner could adversely affect the Company's operations.

The company is contractually and commercially subject to stringent performance obligations, including requirements relating to quality and delivery, and any failure to adhere to such obligations may result in cancellation of existing or prospective orders, initiation of product recalls, or the assertion of warranty and liability claims against it.

A significant portion of the Company's revenues is derived from a limited number of customers, and the loss of one or more such customers may adversely affect its business, cash flows, results of operations and financial condition.

Strategy

Geographic and Sectoral Expansion into High-Growth Markets.

New Manufacturing Facility to Drive Capacity Expansion.

Enhancing Innovation and Quality Capabilities.

Digitalization and Automation in Manufacturing.

How To Apply for Accord Transformer & Switchgear Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Accord Transformer & Switchgear Ltd IPO?

Accord Transformer & Switchgear Ltd's IPO offers shares for up to 25.59 It begins on Feb 23, 2026 and ends on Feb 25, 2026.

What is the price of the Accord Transformer & Switchgear Ltd IPO?

The price of Accord Transformer & Switchgear Ltd IPO ranges between ₹43 to ₹46 per share.

What are the open and close dates for the Accord Transformer & Switchgear Ltd IPO?

The Accord Transformer & Switchgear Ltd IPO opens on Feb 23, 2026 and closes on Feb 25, 2026.

When will the Accord Transformer & Switchgear Ltd IPO be allotted?

The allotment for the Accord Transformer & Switchgear Ltd IPO will be finalised on Feb 26, 2026. The shares will be listed on BSE and NSE on Mar 2, 2026.

What is the minimum lot size required for Accord Transformer & Switchgear Ltd IPO?

The minimum lot size for Accord Transformer & Switchgear Ltd IPO is 6000 shares, priced between ₹43 to ₹46 per share.

What is the GMP of Accord Transformer & Switchgear Ltd IPO?

The GMP (Grey Market Premium) of Accord Transformer & Switchgear Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Accord Transformer & Switchgear Ltd IPO?

To check the allotment status of Accord Transformer & Switchgear Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Accord Transformer & Switchgear Ltd IPO getting listed?

The Accord Transformer & Switchgear Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 23, 2026, and closes on Feb 25, 2026. The allotment is finalised on Feb 26, 2026.

How do you apply for the Accord Transformer & Switchgear Ltd IPO?

To apply for the Accord Transformer & Switchgear Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.