Accord Transformer & Switchgear Ltd. IPO Details 2026
Accord Transformer & Switchgear Ltd. IPO is a book-built public issue with a total size of ₹25.59 crore, aimed at raising capital to support the company’s growth plans and business expansion.
The IPO consists of Fresh Issue, offering investors an opportunity to participate in the company’s future journey through listing on the BSE SME stock exchange.
The IPO opened for subscription on Feb 23, 2026, and closed on Feb 25, 2026. The basis of allotment was finalized on Feb 26, 2026, and the equity shares were subsequently listed on BSE SME stock exchange at Mar 02, 2026.
IPO Open
Feb 23, 2026 - Feb 25, 2026Price Band
₹43.00 - ₹46.00Listing
On BSE SME at Mar 02, 2026Market Cap (Pre-IPO)
₹94.64 Cr.Accord Transformer & Switchgear Ltd. IPO Details
| Face Value | ₹10.00 per share |
| Price Band | ₹43.00 - ₹46.00 |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Issue |
| Issue Type | Book Building |
| Listing Exchange(s) | BSE SME |
| Total Issue Size | ₹25.59 Cr |
| Reserved for Market Maker | ₹1.3 Cr |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
| Net Offered to Public | ₹24.29 Cr |
| Fresh Issue | ₹24.29 Cr |
| Share Holding Pre Issue | 1,50,11,289 |
| Share Holding Post Issue | 2,05,73,289 |
| Promoter Holding Pre IPO | 84.94 |
| Promoter Holding Post IPO | 61.98 |
Accord Transformer & Switchgear Ltd. IPO Time Table (Tentative)
| Opening Date | Feb 23, 2026 |
| Closing Date | Feb 25, 2026 |
| Allotment Date | Feb 26, 2026 |
| Refund Date | Feb 27, 2026 |
| Credit of Shares in Demate Account | Feb 27, 2026 |
| Listing Date | Mar 02, 2026 |
Accord Transformer & Switchgear Ltd. IPO Lot Size
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,76,000 |
| Retail (Max) | 2 | 6,000 | ₹2,76,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,14,000 |
| S-HNI (Max) | 7 | 21,000 | ₹9,66,000 |
| B-HNI (Min) | 8 | 24,000 | ₹11,04,000 |
Accord Transformer & Switchgear Ltd. IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,82,000 |
| QIB Shares Offered | 26,40,000 |
| − Anchor Investor Shares Offered | 15,84,000 |
| − QIB (Ex. Anchor) Shares Offered | 10,56,000 |
| NII (HNI) Shares Offered | 7,92,000 |
| − bNII > ₹10L | 5,28,000 |
| − sNII < ₹10L | 2,64,000 |
| Retail Shares Offered | 18,48,000 |
| Total Shares Offered | 55,62,000 |
Financials (Restated Consolidated)
| Quarter | Assets | Total Income | Profit After Tax | EBITDA | NET Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 41.02 | 45.29 | 2.91 | 4.62 | 24.45 | 9.44 | 4.37 |
| Mar 31, 2025 | 59.89 | 79.2 | 6.05 | 9.1 | 21.54 | 21.25 | 11.81 |
| Mar 31, 2024 | 26.46 | 48.6 | 1.61 | 2.67 | 6.04 | 5.79 | 9.13 |
| Mar 31, 2023 | 15.82 | 40.81 | 0.87 | 1.54 | 4.43 | 4.18 | 2.3 |
Live GMP**
| GMP Date | IPO Price | GMP | Estimated Listing Price | Rating |
|---|---|---|---|---|
| Feb 23, 2026 | ₹46 | ₹13 | ₹59 (28.261%) | 🔥 |
Accord Transformer & Switchgear Ltd. IPO Objects
| # | Issue Objects | Estimate Amount (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to purchase of machinery and equipment | 13.03 |
| 2 | Working capital requirements | 10 |
| 3 | General corporate purposes | - |
Company Contact Details
- Accord Transformer & Switchgear Ltd.
- Unit No. 724, Seventh Floor Unit No. 724, Seventh Floor
Haryana - 122052 - +91 85274 22944
- compliance@atsgroup.in
- Visit Website
IPO Registrar
- Kfin Technologies Ltd.
- KFintech, Tower-B, Plot No 31 & 32, KFintech, Tower-B, Plot No 31 & 32,
Hyderabad Telangana - 500032 - 04067162222
- einward.ris@kfintech.com
- Visit Website
Lead Manager(s)
IPO FAQs
What is Accord Transformer & Switchgear Ltd. IPO?
Accord Transformer & Switchgear Ltd. IPO is the process through which the company is offering its equity shares to the public for the first time to raise funds and get listed on the stock exchange.
When will Accord Transformer & Switchgear Ltd. IPO open for subscription?
Accord Transformer & Switchgear Ltd. IPO will open for subscription on Feb 23, 2026 and will remain open for bidding during market hours.
When will Accord Transformer & Switchgear Ltd. IPO close?
The IPO of Accord Transformer & Switchgear Ltd. will close on Feb 25, 2026 unless extended or shortened by the company.
What is the IPO issue size of Accord Transformer & Switchgear Ltd. ?
The total issue size of Accord Transformer & Switchgear Ltd. IPO is ₹25.59 Cr.
What is the price band of Accord Transformer & Switchgear Ltd. IPO?
The price band for Accord Transformer & Switchgear Ltd. IPO has been fixed at ₹43.00 to ₹46.00 per share.
What is the lot size for Accord Transformer & Switchgear Ltd. IPO?
The lot size for Accord Transformer & Switchgear Ltd. IPO is 3,000 Shares shares.
Is Accord Transformer & Switchgear Ltd. IPO a Fresh Issue or Offer for Sale (OFS)?
Accord Transformer & Switchgear Ltd. IPO consists of Fresh Issue, as per details mentioned in the RHP/DRHP.
What is the face value of Accord Transformer & Switchgear Ltd. shares?
The face value of each equity share of Accord Transformer & Switchgear Ltd. is ₹10.00 per share.
Which stock exchange will Accord Transformer & Switchgear Ltd. IPO be listed on?
The shares of Accord Transformer & Switchgear Ltd. will be listed on BSE SME.
What is the listing date of Accord Transformer & Switchgear Ltd. IPO?
Accord Transformer & Switchgear Ltd. IPO is expected to be listed on 2026-03-02, subject to final allotment and approvals.
What is the IPO objective of Accord Transformer & Switchgear Ltd. ?
The proceeds from Accord Transformer & Switchgear Ltd. IPO will be used for:
- Capital expenditure to purchase of machinery and equipment
- Working capital requirements
- General corporate purposes
How many shares are offered in Accord Transformer & Switchgear Ltd. IPO?
A total of 2,05,73,289 equity shares are being offered under the IPO.
Is Accord Transformer & Switchgear Ltd. IPO a Mainboard or SME IPO?
Accord Transformer & Switchgear Ltd. IPO is a SME IPO, as per stock exchange classification.
What is the market lot for retail investors?
The market lot for retail investors in Accord Transformer & Switchgear Ltd. IPO is 2 shares per application.
Can retail investors apply for Accord Transformer & Switchgear Ltd. IPO?
Yes, retail investors can apply for Accord Transformer & Switchgear Ltd. IPO provided they meet the minimum investment criteria.