{"id":62575,"date":"2026-02-25T11:38:25","date_gmt":"2026-02-25T06:08:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=62575"},"modified":"2026-02-25T11:38:27","modified_gmt":"2026-02-25T06:08:27","slug":"accord-transformer-switchgear-ipo-day-3-subscription","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/","title":{"rendered":"Accord Transformer &amp; Switchgear IPO Day 3: Subscription at 40.78x, GMP Rises 8.65% | Live Updates"},"content":{"rendered":"<p>The <strong>Accord Transformer &amp; Switchgear IPO GMP <\/strong>is \u20b913 as of 23rd February 2026. It is a book-building issue IPO of \u20b925.59 crores. This is an entirely fresh issue of 0.56 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 2nd March 2026. The face value of Accord Transformer &amp; Switchgear IPO shares is \u20b910 per share, and the IPO price band is \u20b943 to \u20b946 per share. Retail investors can bid for a minimum of 2 lots of 6,000 shares worth \u20b92,76,000. Scroll down to check the Accord Transformer &amp; Switchgear IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_IPO_GMP_Grey_Market_Premium\" title=\"Accord Transformer &amp; Switchgear IPO GMP Grey Market Premium\">Accord Transformer &amp; Switchgear IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_IPO_Subscription_Status\" title=\"Accord Transformer &amp; Switchgear IPO Subscription Status\">Accord Transformer &amp; Switchgear IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_IPO_Details\" title=\"Accord Transformer &amp; Switchgear IPO Details\">Accord Transformer &amp; Switchgear IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#About_Accord_Transformer_Switchgear_Ltd\" title=\"About Accord Transformer &amp; Switchgear Ltd.\">About Accord Transformer &amp; Switchgear Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_Limited_Financials\" title=\"Accord Transformer &amp; Switchgear Limited Financials\">Accord Transformer &amp; Switchgear Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_IPO_Objectives\" title=\"Accord Transformer &amp; Switchgear IPO Objectives\">Accord Transformer &amp; Switchgear IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_IPO_Registrar\" title=\"Accord Transformer &amp; Switchgear IPO Registrar\">Accord Transformer &amp; Switchgear IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Accord_Transformer_Switchgear_IPO_Review\" title=\"Accord Transformer &amp; Switchgear IPO Review\">Accord Transformer &amp; Switchgear IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#FAQs_on_Accord_Transformer_Switchgear_IPO\" title=\"FAQs on Accord Transformer &amp; Switchgear IPO\">FAQs on Accord Transformer &amp; Switchgear IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#What_is_the_Accord_Transformer_Switchgear_IPO_GMP\" title=\"What is the Accord Transformer &amp; Switchgear IPO GMP?\">What is the Accord Transformer &amp; Switchgear IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#What_is_the_issue_price_of_the_Accord_Transformer_Switchgear_IPO\" title=\"What is the issue price of the Accord Transformer &amp; Switchgear IPO?\">What is the issue price of the Accord Transformer &amp; Switchgear IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Who_is_the_registrar_of_the_Accord_Transformer_Switchgear_IPO\" title=\"Who is the registrar of the Accord Transformer &amp; Switchgear IPO?\">Who is the registrar of the Accord Transformer &amp; Switchgear IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/accord-transformer-switchgear-ipo-day-3-subscription\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Accord Transformer &amp; Switchgear IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Accord Transformer &amp; Switchgear IPO GMP <\/strong>currently stands at \u20b98.00 per share. Thus, the estimated listing price would be at \u20b954.00. This indicates that the estimated listing gain in this IPO could be 17.39%. Explore the table for <strong>Accord Transformer &amp; Switchgear<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>25-02-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b98.00<\/td><td>\u20b954.00<\/td><td>17.39%<\/td><\/tr><tr><td><strong>24-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b98.00<\/td><td>\u20b954.00<\/td><td>17.39%<\/td><\/tr><tr><td><strong>23-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b913.00<\/td><td>\u20b959.00<\/td><td>28.26%<\/td><\/tr><tr><td><strong>22-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b917.00<\/td><td>\u20b963.00<\/td><td>36.96%<\/td><\/tr><tr><td><strong>21-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b917.00<\/td><td>\u20b963.00<\/td><td>36.96%<\/td><\/tr><tr><td><strong>20-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b912.00<\/td><td>\u20b958.00<\/td><td>26.09%<\/td><\/tr><tr><td><strong>19-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b910.00<\/td><td>\u20b956.00<\/td><td>21.74%<\/td><\/tr><tr><td><strong>18-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b912.00<\/td><td>\u20b958.00<\/td><td>26.09%<\/td><\/tr><tr><td><strong>17-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b98.00<\/td><td>\u20b954.00<\/td><td>26.09%<\/td><\/tr><tr><td><strong>16-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b98.00<\/td><td>\u20b954.00<\/td><td>26.09%<\/td><\/tr><tr><td><strong>15-2-2026<\/strong><\/td><td>\u20b946.00<\/td><td>\u20b98.00<\/td><td>\u20b954.00<\/td><td>26.09%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Accord Transformer &amp; Switchgear IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Accord Transformer &amp; Switchgear IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_IPO_Subscription_Status\"><\/span><strong>Accord Transformer &amp; Switchgear IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Accord Transformer &amp; Switchgear IPO has been subscribed to 40.78 times. Of these, 59.74 times are subscribed by retail investors, 49.47 times by non-institutional investors, and 1.08 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Accord Transformer &amp; Switchgear&#8217;s IPO listing on 2nd March 2026. Accord Transformer &amp; Switchgear also has a positive outlook behind the fresh issue of 0.56 crore shares, which will raise around Rs 25.59 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live Accord Transformer &amp; Switchgear IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Accord Transformer &amp; Switchgear IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_IPO_Details\"><\/span><strong>Accord Transformer &amp; Switchgear IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>26th February 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>23rd January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>25th February 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>27th February 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>55,62,000 shares(agg. up to \u20b926 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>3,000 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b943 to \u20b946 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>BSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>2nd March 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/accord-transformer-switchgear-ipo-review\"><strong><em>Accord Transformer &amp; Switchgear IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Accord Transformer &amp; Switchgear IPO<\/strong>: Accord Transformer &amp; Switchgear IPO Limited has declared an issue price band of \u20b943 to \u20b946 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 6,000 shares, each worth \u20b92,76,000. The face value of Accord Transformer &amp; Switchgear IPO Limited shares is \u20b910 per share. The shares of Accord Transformer &amp; Switchgear IPO Limited will be listed on BSE and SME on its tentative listing day, 2nd March 2026. Scroll down to check GMP updates and <strong>Accord Transformer &amp; Switchgear IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Accord_Transformer_Switchgear_Ltd\"><\/span><strong>About Accord Transformer &amp; Switchgear Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Accord Transformer &amp; Switchgear Ltd. was formed in 2014 and is a well-established firm that deals with the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment. The firm has more than 10 years of experience in meeting the standard as well as customised demands of clients in the power transmission and distribution, renewable energy, industrial, infrastructure development, and electric vehicle charging station sectors.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_Limited_Financials\"><\/span><strong>Accord Transformer &amp; Switchgear Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Accord Transformer &amp; Switchgear IPO. <\/strong>See the table for Accord Transformer &amp; Switchgear Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>31st Dec 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>41.02<\/td><td>59.89<\/td><td>26.46<\/td><td>15.82<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>45.29<\/td><td>79.20<\/td><td>48.60<\/td><td>40.81<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>2.91<\/td><td>6.05<\/td><td>1.61<\/td><td>0.87<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>4.62<\/td><td>9.10<\/td><td>2.67<\/td><td>1.54<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>24.45<\/td><td>21.54<\/td><td>6.04<\/td><td>4.43<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>9.44<\/td><td>21.25<\/td><td>5.79<\/td><td>4.18<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>4.37<\/td><td>11.81<\/td><td>9.13<\/td><td>2.30<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Accord Transformer &amp; Switchgear Limited&#8217;s revenue increased by 62.96% from \u20b948.60 crores in March 2024 to \u20b979.20 crores in March 2025. Moreover, the company&#8217;s PAT increased by 275.77% from \u20b91.61 crores in March 2024 to \u20b96.05 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_IPO_Objectives\"><\/span><strong>Accord Transformer &amp; Switchgear IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Accord Transformer &amp; Switchgear IPO<\/strong> is to raise \u20b925.59 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>To Capital expenditure towards the purchase of machinery and equipment<\/li>\n\n<li>To the funding of working capital requirements<\/li>\n\n<li>To General Corporate Purposes<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_IPO_Registrar\"><\/span><strong>Accord Transformer &amp; Switchgear IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Kfin Technologies Limited is the registrar for the Accord Transformer &amp; Switchgear IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Accord Transformer &amp; Switchgear allotment and refund, you can contact Kfin Technologies Limited at <a href=\"mailto:accord.ipo@kfintech.com\">accord.ipo@kfintech.com<\/a> or at 04067162222, 04079611000.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accord_Transformer_Switchgear_IPO_Review\"><\/span><strong>Accord Transformer &amp; Switchgear IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-1024x536.jpg\" alt=\"Accord Transformer &amp; Switchgear IPO Review\" class=\"wp-image-62576\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Accord Transformer &amp; Switchgear IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Accord Transformer &amp; Switchgear Limited&#8217;s revenue increased by 62.96% from \u20b948.60 crores in March 2024 to \u20b979.20 crores in March 2025. Moreover, the company&#8217;s PAT increased by 275.77% from \u20b91.61 crores in March 2024 to \u20b96.05 crores in March 2025. Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Accord Transformer &amp; Switchgear IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>11.41<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>4.03<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>11.91%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>14.52%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>12.67%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>10.19%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>2.82<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b994.64<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Accord Transformer &amp; Switchgear Limited shares is 11.41, and its Earnings Per Share (EPS) stands at 4.03. Thus, the <strong>Accord Transformer &amp; Switchgear IPO<\/strong> can deliver gains on its tentative listing date, 2nd March 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Accord Transformer &amp; Switchgear Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>11.41<\/td><td>15.63<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>4.03<\/td><td>2.94<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Accord_Transformer_Switchgear_IPO\"><\/span><strong>FAQs on Accord Transformer &amp; Switchgear IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Accord_Transformer_Switchgear_IPO_GMP\"><\/span><strong>What is the Accord Transformer &amp; Switchgear IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 25th February 2026, the <strong>Accord Transformer &amp; Switchgear IPO GMP<\/strong> (Grey Market Premium) stands at \u20b98.00. This indicates that the estimated listing price could be \u20b954.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Accord_Transformer_Switchgear_IPO\"><\/span><strong>What is the issue price of the Accord Transformer &amp; Switchgear IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Accord Transformer &amp; Switchgear IPO issue price band is set at \u20b943.00 to \u20b946.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 6,000 shares, worth \u20b92,76,000. Moreover, HNIs are required to bid for a minimum of 3 lots (9,000 shares) worth \u20b94,14,000.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Accord_Transformer_Switchgear_IPO\"><\/span><strong>Who is the registrar of the Accord Transformer &amp; Switchgear IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Kfin Technologies Limited is the registrar for the Accord Transformer &amp; Switchgear IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Accord Transformer &amp; Switchgear allotment and refund, you can contact Kfin Technologies Limited at <a href=\"mailto:accord.ipo@kfintech.com\">accord.ipo@kfintech.com<\/a> or at 04067162222, 04079611000.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Accord Transformer &amp; Switchgear IPO, download the Accord Transformer &amp; Switchgear IPO RHP and Accord Transformer &amp; Switchgear IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/yashhtej-industries-ipo-gmp-subscription-day-3\">Yashhtej Industries IPO Day 3: Subscription at 0.92x, GMP Rises 10.91% | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/gaudium-ivf-women-health-ipo-gmp-subscription-day-1\">Gaudium IVF &amp; Women Health IPO Day 1: Subscription at 0.27x, GMP Rises 10.76% | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/manilam-industries-ipo-gmp-subscription-day-1\">Manilam Industries IPO Day 1: Subscription at 0.03x, GMP Flat | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/yashhtej-industries-ipo-allotment-status\">Yashhtej Industries IPO Allotment Status: 1.05x Subscribed, GMP Rises 1.82% \u2014 Check Online<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/pngs-reva-diamond-jewellery-ipo-review\">PNGS Reva Diamond Jewellery IPO Review 2026: GMP Rises 5.70%, Key Investor Insights<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Accord Transformer &amp; Switchgear IPO GMP is \u20b913 as of 23rd February 2026. It is a book-building issue IPO of \u20b925.59 crores. This is an entirely fresh issue of 0.56 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 2nd March 2026. The face value of Accord<\/p>\n","protected":false},"author":27,"featured_media":62577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352,3806],"class_list":["post-62575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp","tag-ipo-subscription"],"metadata":{"_edit_lock":["1771999711:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:102:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:62576;s:11:\"source_type\";s:13:\"media-library\";}s:111:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:62576;s:11:\"source_type\";s:13:\"media-library\";}s:134:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:62576;s:11:\"source_type\";s:13:\"media-library\";}s:143:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/25113357\/Accord-Transformer-Switchgear-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:62576;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["70"],"rank_math_title":["Accord Transformer &amp; Switchgear IPO Day 3: 40.78x Subscribed, GMP Rises 8.65%"],"rank_math_description":["Accord Transformer &amp; Switchgear IPO Day 3 sees weak demand at just 40.78x subscription, even as GMP rises 8.65%. 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