Accord Transformer And Switchgear Limited IPO
Offer Date :
Listed At
Ipo Details
Subscription
Lot Distribution
Reservation
Company Financials
₹3 (6.52%)
Premium (ELP)
Having completed its public offering, Accord Transformer And Switchgear Limited's is now listed and trading on the BSE exchange as of 02-03-2026. The IPO raised cumulative capital of 55,62,000 Shares, including 55,62,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹43 to ₹46 and minimum investment requirement of 3000 shares. subscription activity between 23-02-2026 and 25-02-2026 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 26-02-2026 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Accord Transformer IPO About Company
Accord Transformer & Switchgear Ltd., incorporated in 2014, is an experienced company involved in designing, engineering, manufacturing, and supplying a wide range of electrical power and distribution equipment for sectors such as power transmission and distribution, renewable energy, industries, infrastructure projects, and EV charging networks. The company offers products including distribution, power, dry-type, and special-purpose transformers, along with LV and MV control panels, switchgear, package substations, busducts, and customized control panels developed in collaboration with Schneider Electric. Accord operates two well-equipped manufacturing units in Bhiwadi, Rajasthan, supported by advanced machinery and in-house testing facilities, while its registered office is in Manesar, Haryana, and as of December 31, 2025, the company employed 114 permanent staff members.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Accord Transformer IPO Strength Factors
- Experienced Promoters: Strong technical and industry expertise supports efficient execution and scalable growth.
- In-House Manufacturing: Advanced machinery and testing facilities ensure quality, cost control, and timely production.
- Established Customer Relationships: Long-term clients in power and infrastructure sectors drive repeat business and stability.
Accord Transformer IPO Risk Factors
- Lease Dependency Risk: Manufacturing operations on leased premises may face disruption if the lease is not renewed or terminated.
- Strict Performance Obligations: Failure to meet delivery timelines or quality standards may result in penalties or order cancellations.
- Customer Concentration Risk: Heavy reliance on a few customers may impact financial performance if key clients are lost.
Accord Transformer IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Accord Transformer IPO Promoter(s)
- Mr. Pradeep Kumar Verma
- Mrs. Shalini Singh
Accord Transformer IPO FAQs
Accord Transformer And Switchgear Limited IPO subscribed 357.45 times. The public issue subscribed 367.59 times in the retail category,153.01 times in QIB, and 710.22 times in the HNI (10+) category byMarch 2, 2026 4:15:00 AM (Day 2).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Accord Transformer IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Accord Transformer IPO FAQs
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