Accord Transformer & Switchgear IPO Details
The Accord Transformer & Switchgear IPO is a book build issue with a total issue size of ₹26 cr Accord Transformer & Switchgear IPO opened for subscription on Feb 23, 2026 and closed on Feb 25, 2026. Accord Transformer & Switchgear IPO is set price band at ₹43 to ₹46 per share, with a lot size of 3000 shares. Minimum investment for Retail investors was ₹276,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 26, 2026, and listed on both the NSE and BSE on Mar 02, 2026.
Kfin Technologies Limited has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Accord Transformer & Switchgear IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 43 – 46
- Lot Size
- 3000
- Issue Size
- ₹26 Cr
- Minimum Investment
- ₹276000 (6000 Shares)
- Listing Date
- 02 March 2026
Current GMP
₹4 (+8.70%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Accord Transformer & Switchgear Limited
Accord Transformer & Switchgear Ltd., incorporated in 2014, is a well-established engineering company specializing in the design, manufacturing, and supply of a wide range of electrical power and distribution equipment. With over a decade of industry experience, the company serves both standard and custom requirements across diverse sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure development, and electric vehicle (EV) charging networks.
Product Portfolio
1. Transformers
Accord Transformer & Switchgear Ltd. offers an extensive range of transformers designed for varied applications:
- Distribution Transformers: Up to 2.5 MVA, 36 kV
- Power Transformers: Up to 20 MVA, 33 kV
- Dry-Type Transformers: Up to 5000 KVA, 36 kV
- Special-Purpose Transformers:
- Solar inverter duty transformers
- Wind inverter duty transformers
- Furnace duty transformers
- Other application-specific transformer solutions
2. Control Panels & Switchgear
The company manufactures and supplies a complete range of control panels and switchgear solutions, including:
- Low-Voltage (LV) Panels: LV control panels, LV switchboards, and APFC panels
- Medium-Voltage (MV) Panels: VCB (Vacuum Circuit Breaker) panels and associated MV solutions
- Industrial Control Panels
- Customised Prisma Set Control Panels (developed in collaboration with Schneider Electric)
- Package Substations, Busducts, Cable Trays, and integrated switchgear assemblies
Manufacturing Infrastructure
Accord operates two state-of-the-art manufacturing facilities in Bhiwadi, Rajasthan, supported by a registered office in Manesar, Haryana. The facilities are equipped with modern machinery and advanced systems, including:
- Plasma cutting machines
- Foil winding machines
- Shot blasting and painting booths
- Fully equipped in-house testing laboratories
This infrastructure enables the company to successfully design, manufacture, test, and deploy critical power system solutions with high reliability and technical precision.
Workforce
As of August 31, 2025, Accord Transformer & Switchgear Ltd. employed 117 permanent personnel, comprising skilled engineers, technicians, and support staff.
Accord Transformer & Switchgear IPO Promoters
- Mr. Pradeep Kumar Verma
- Mrs Shalini Singh
Promoters Holding
Holding Pre Issue
84.94%
Holding Post Issue
61.98%
Accord Transformer & Switchgear IPO Objective
The Company Accord Transformer & Switchgear IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure towards purchase of Machinery and equipment
- Funding of the working capital requirement of our Company
- General corporate purposes
Address / Contact Info
Accord Transformer & Switchgear Ltd.
Unit No. 724, Seventh Floor
Eros Corporate Park, K Block, Sector 2
IMT Manesar, Manesar
Gurgaon, Haryana, 122052
Phone: +91 85274 22944
Email: compliance@atsgroup.in
Website: https://atsgroup.in/
IPO Snapshot
Book Running Lead Managers
- GYR Capital Advisors Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Accord Transformer & Switchgear IPO is a Book-building IPO with a total issue size of ₹26 crore. The Accord Transformer & Switchgear IPO price band is ₹43 to 46 per share. The Accord Transformer & Switchgear IPO subscription opens on Mon, Feb 23, 2026, and closes on Wed, Feb 25, 2026. The Accord Transformer & Switchgear IPO will be listed on the BSE. Kfin Technologies Limited is the registrar for the Accord Transformer & Switchgear IPO.
The Accord Transformer & Switchgear IPO opens on Mon, Feb 23, 2026 and closes on Wed, Feb 25, 2026
Accord Transformer & Switchgear IPO Price Band is ₹43 to 46 per share.
Accord Transformer & Switchgear IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹276000 based on the upper price band
The minimum investment for Accord Transformer & Switchgear IPO is ₹276000, based on one lot of 3000 shares at the upper price band of ₹46 per share.
Investors can apply for the Accord Transformer & Switchgear IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Feb 25, 2026. The application amount remains blocked until the Accord Transformer & Switchgear IPO allotment is finalized.
Accord Transformer & Switchgear IPO issue size is ₹26 crores.
Accord Transformer & Switchgear IPO allotment date is Wed, Jul 1, 2026.
The registrar for Accord Transformer & Switchgear IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Accord Transformer & Switchgear IPO allotment status, refund processing, and other IPO-related information.
The Accord Transformer & Switchgear IPO GMP (Grey Market Premium) is ₹4 as of Mon, Mar 2, 2026. Based on the upper price band of ₹46 per share, the estimated Accord Transformer & Switchgear IPO listing price is ₹50, indicating a potential listing gain of approximately 0% over the issue price.