Accord Transformer IPO Description – Established in 2012, Accord Transformer is engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment catering to the power transmission and distribution sector, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.
The company’s product portfolio includes distribution transformers up to 2.5 MVA(Mega Volt-Amperes), 36 kV(kilovolts), power transformers (up to 20 MVA, 33 kV), dry-type transformers (up to 5000 KVA, 36 kV), solar and special-duty transformers, compact substations, LV and MV/VCB(Vacuum Circuit Breaker) control panels, bus-ducts, and other customized electrical solutions. Manufacturing operations are carried out through two advanced facilities in Bhiwadi, Rajasthan, supported by a registered office in Manesar, Haryana. These plants are equipped with plasma cutting systems, MIG and arc welding machines, foil winding equipment, and in-house testing laboratories.
Geographically, Gujarat contributed 56.06% of revenue, followed by Dadra & Nagar Haveli (14.23%) and Uttar Pradesh (10.44%). As of 31 December 2025, the company employed a total of 114 permanent employees.
Promoters of Accord Transformer – Mr. Pradeep Kumar Verma and Mrs. Shalini Singh
Table of Contents
Accord Transformer IPO Details
| Accord Transformer IPO Dates | 23 – 25 February 2026 |
| Accord Transformer Issue Price | INR 43 – 46 per share |
| Fresh Issue | 55,62,000 shares (INR 23.92 – 25.59 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 55,62,000 shares (INR 23.92 – 25.59 crore) |
| Minimum Bid | 6,000 shares (INR 2,76,000) |
| Lot Size | 3,000 shares (INR 1,38,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Accord Transformer Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 | |
| Revenue | 40.78 | 48.54 | 79.02 | 45.22 |
| Expenses | 39.59 | 46.46 | 71.03 | 41.40 |
| Net income | 0.87 | 1.61 | 6.05 | 2.91 |
Accord Transformer Offer News
- Accord Transformer RHP
- Accord Transformer Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2026
Accord Transformer Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.69 | 1.26 | 4.35 |
| PE ratio | – | – | 9.89 – 10.57 |
| RONW (%) | 19.73 | 26.60 | 28.10 |
| NAV | 3.48 | 4.74 | 14.35 |
| ROCE (%) | 20.49 | 16.47 | 26.09 |
| EBITDA (%) | 3.77 | 5.50 | 11.49 |
| Debt/Equity | 0.52 | 1.51 | 0.55 |
Accord Transformer IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| 28 Feb 2026 | 5 | 12,500 |
| 27 Feb 2026 | 7 | 15,000 |
| 26 Feb 2026 | 8 | 18,000 |
| 25 Feb 2026 | 10 | 20,700 |
| 24 Feb 2026 | 13 | 30,000 |
| 23 Feb 2026 | 15 | 38,000 |
| 21 Feb 2026 | 11 | 26,500 |
| 20 Feb 2026 | 11 | 26,500 |
| 19 Feb 2026 | 11 | 26,500 |
| 18 Feb 2026 | 5 | 11,000 |
Accord Transformer IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 10,56,000 | 7,92,000 | 18,48,000 | 36,96,000 |
| 25 Feb 2026 | 153.01 | 606.38 | 367.59 | 357.45 |
| 24 Feb 2026 | 1.08 | 49.82 | 59.74 | 40.86 |
| 23 Feb 2026 | 0.02 | 11.27 | 16.26 | 10.55 |
The market maker reservation portion of 2,82,000 shares and the anchor investor portion of 15,84,000 shares are not included in the above calculations.
Accord Transformer IPO Allotment Status
Accord Transformer IPO allotment status is now available on the KFin Tech website. Click on this link to get the allotment status.
Accord Transformer IPO Dates & Listing Performance
| IPO Opening Date | 23 February 2026 |
| IPO Closing Date | 25 February 2026 |
| Finalization of Basis of Allotment | 26 February 2026 |
| Initiation of refunds | 27 February 2026 |
| Transfer of shares to demat accounts | 27 February 2026 |
| IPO Listing Date | 2 March 2026 |
| Opening Price on BSE SME | INR 50 per share (up 8.70%) |
| Closing Price on BSE SME | INR 52.50 per share (up 14.13%) |
Accord Transformer Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower, Drive in Road, Thaltej,
Ahmedabad-380 054
Phone: +91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
Accord Transformer Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Accord Transformer Contact Details
ACCORD TRANSFORMER & SWITCHGEAR LIMITED
Unit No. 724, Seventh Floor, Eros Corporate
Park, K Block, Sector 2, IMT Manesar,
Gurgaon, Manesar, Haryana, 122052
Phone: +91 85274 22944
E-mail: [email protected]
Website: www.atsgroup.in
IPO FAQs
What is the Accord Transformer offer size?
Accord Transformer offer size is INR 23.92 – 25.59 crores.
What is the Accord Transformer offer price band?
Accord Transformer public offer price is INR 43 – 46 per share.
What is the lot size of the Accord Transformer IPO?
Accord Transformer offer lot size is 3,000 shares.
What is the Accord Transformer IPO GMP today?
Accord Transformer IPO GMP today is INR 5 per share.
What is the Accord Transformer kostak rate today?
Accord Transformer kostak rate today is INR NA per application.
What is the Accord Transformer IPO Subject to Sauda rate today?
Accord Transformer Subject to Sauda rate today is INR 12,500 per application.
I have today applied for minimum lot of shares. How safe is the investment