Accord Transformer & Switchgear IPO Listing at 8.70% premium at ₹50.00 Per Share

Posted by : Neeraj Pandey | Mon Mar 02 2026

Accord Transformer and Switchgear IPO Listing Today: The Accord Transformer & Switchgear IPO was subscribed 357.37 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 153.01 times, and non-institutional investors (NIIs) received 606.02 times. The retail quota of the issue was subscribed to 33.23%. Before delving deeper into the topic, go through the details of the Accord Transformer & Switchgear IPO.

Table of Contents

Accord Transformer & Switchgear IPO

It is a bookbuilding IPO of ₹25.59 crore, comprising 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 Accord Transformer & Switchgear IPO date is fixed between 23rd February 2026 to 25th February 2026. The face value of Accord Transformer & Switchgear shares stands at ₹10 per share, and the IPO Issue price band is set at ₹43 to ₹46 per share

IPO Allotment Date	26th February 2026
IPO Open Date	23rd January 2026
IPO Close Date	25th February 2026
Refund Initiation	27th February 2026
Issue Size	55,62,000 shares(agg. up to ₹26 Cr)
Face Value	₹10 per share
Lot Size	3,000 Shares
Issue Price	₹43 to ₹46 per share
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Listing Date	2nd March 2026

Accord Transformer & Switchgear Listing

On the BSE & SME platforms, Accord Transformer & Switchgear shares are listed at ₹50.00 per share, reflecting an 8.70% premium over the issue price of ₹46.00 per share.

About Accord Transformer & Switchgear Limited

Accord Transformer & 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.

Accord Transformer & Switchgear Limited Financials

The company’s financial analysis is essential before applying for the Accord Transformer & Switchgear IPO. See the table for Accord Transformer & Switchgear Limited’s financials.

Year Ended	31st Dec 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	41.02	59.89	26.46	15.82
Revenue	45.29	79.20	48.60	40.81
Profit After Tax	2.91	6.05	1.61	0.87
EBITDA	4.62	9.10	2.67	1.54
Net Worth	24.45	21.54	6.04	4.43
Reserves and Surplus	9.44	21.25	5.79	4.18
Total Borrowings	4.37	11.81	9.13	2.30

Explanation

Accord Transformer & Switchgear Limited’s revenue increased by 62.96% from ₹48.60 crores in March 2024 to ₹79.20 crores in March 2025. Moreover, the company’s PAT increased by 275.77% from ₹1.61 crores in March 2024 to ₹6.05 crores in March 2025.