IPO Issue Details
Issue Price / Price Band₹46 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size55,62,000 shares (agg. up to ₹26 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 23 Feb 2026
Subscription CloseWed, 25 Feb 2026
Anchor AllotmentSun, 22 Feb 2026
Basis of AllotmentThu, 26 Feb 2026
Initiation of RefundsFri, 27 Feb 2026
Credit of Shares to DematFri, 27 Feb 2026
Listing DateMon, 02 Mar 2026
UPI Mandate Deadline5:00 PM on 25 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,76,000 — 6,000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (3 Lots)₹4,14,000 — 9,000 shares
EPS (Pre-IPO)₹4.03
EPS (Post-IPO)₹2.94
P/E Ratio (Pre-IPO)11.41x
P/E Ratio (Post-IPO)15.63x
Net Offer to Public52,80,000 shares (agg. up to ₹24 Cr)
Reserved for Market Maker2,82,000 shares (agg. up to ₹1 Cr)
Pre-IPO Promoter Holding1,50,11,289 shares
Post-IPO Promoter Holding2,05,73,289 shares
About Accord Transformer & Switchgear Ltd
Accord Transformer & Switchgear Ltd., incorporated in 2014, is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.With over 10 years of experience, the company caters to the standard and customised requirements of clients across various sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.Product PortfolioAccord Transformer & Switchgear Ltd. offers a comprehensive product portfolio, including:1. Transformers:Distribution Transformers: Up to 2.5 MVA, 36 kVPower Transformers: Up to 20 MVA, 33 kVDry-Type Transformers: Up to 5000 KVA, 36 kVSpecial-Purpose Transformers: Including Solar Transformers, wind inverter duty, and furnace duty transformers.2. Control Panels & Switchgear:Low-Voltage (LV) Control Panels, LV Control Switchboards, and APFC Panels.Medium-Voltage (MV) / Vacuum Circuit Breaker (VCB) panels.Industrial Panels.Customised Prisma Set control panels (in collaboration with Schneider Electric).Package Substations, Busducts, cable trays, and associated switchgear assemblies.The company operates two manufacturing facilities in Bhiwadi, Rajasthan, with its registered office located in Manesar, Haryana. These facilities are equipped with advanced machinery such as plasma cutting systems, foil winding machines, shot blasting and painting booths, and comprehensive in-house testing laboratories, enabling expertise in the design, manufacture, testing, and deployment of critical power systems.As of December 31, 2025, the company had 114 permanent employees.
Objects of the Issue
Accord Transformer & Switchgear Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Capital expenditure towards purchase of machinery and equipment
13.03
2
Funding of working capital requirements
10.00
3
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,50,11,289 shares
Post-IPO Promoter Holding
2,05,73,289 shares