Accord Transformer & Switchgear Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,640,000 (47%) | — | ₹1,214 Cr |
| NII (HNI) | — | 792,000 (14%) | — | ₹364 Cr |
| Retail | — | 1,848,000 (33%) | — | ₹850 Cr |
| Market Maker | — | 282,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 5,562,000 (100%) | — | ₹25,585 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹138,000 |
| Retail (Max) | 13 | 39,000 | ₹1,794,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,932,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,246,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 45 | 79 | 49 |
| EBITDA | 5 | 9 | 3 |
| Profit After Tax | 3 | 6 | 2 |
| Net Worth | 24 | 22 | 6 |
| Total Assets | 41 | 60 | 26 |
| Reserves & Surplus | 9 | 21 | 6 |
| Total Borrowing | 4 | 12 | 9 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Capital expenditure towards purchase of machinery and equipment – 13.03
- Funding of working capital requirements – 10.00
- General corporate purposes –
Company Overview
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 Portfolio
Accord Transformer & Switchgear Ltd. offers a comprehensive product portfolio, including:
1. Transformers:
- 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: 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.