Accord Transformer & Switchgear
CLOSEDIPO Date: 23 Feb - 25 Feb 2026
Listing Date: 2 Mar 2026
Price Range
Rs.43 - Rs.46
Issue Size
26 Cr
Min Investment
₹1,29,000
Lot Size
3000 Shares
Schedule of Accord Transformer & Switchgear
Issue open date
23 Feb 2026
Issue close date
25 Feb 2026
UPI mandate deadline
25 Feb 2026 (5 PM)
Allotment finalization
26 Feb 2026
Share credit
27 Feb 2026
Listing date
2 Mar 2026
Mandate end date
12 Mar 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 26 Cr |
| Fresh Issue | 25.59 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 26 Feb 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 1 Mar 2026 | ₹46 | ₹4 | ₹50 (8.7%) |
| 28 Feb 2026 | ₹46 | ₹4 | ₹50 (8.7%) |
| 27 Feb 2026 | ₹46 | ₹4 | ₹50 (8.7%) |
| 24 Feb 2026 | ₹46 | ₹8 | ₹54 (17.39%) |
| 22 Feb 2026 | ₹46 | ₹17 | ₹63 (36.96%) |
| 21 Feb 2026 | ₹46 | ₹17 | ₹63 (36.96%) |
| 20 Feb 2026 | ₹46 | ₹12 | ₹58 (26.09%) |
| 19 Feb 2026 | ₹46 | ₹10 | ₹56 (21.74%) |
| 18 Feb 2026 | ₹46 | ₹12 | ₹58 (26.09%) |
| 17 Feb 2026 | ₹46 | ₹8 | ₹54 (17.39%) |
Performance Accord Transformer & Switchgear
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.43 - Rs.46 | ₹ 70 (8.7%) | ₹ 63 | 36.96% |
About Accord Transformer & Switchgear
Accord Transformer & Switchgear is engaged in the design, engineering, manufacturing, and supply of electrical power and distribution transformers and related equipment. The company caters to standard and customised requirements across the power transmission and distribution sector, renewable energy, industrial applications, infrastructure projects, and electric vehicle charging networks. Its product portfolio includes distribution transformers, power transformers, dry-type transformers, package substations, and special-purpose transformers. It also manufactures low-voltage control panels, medium-voltage and vacuum circuit breaker panels, busducts, cable trays, and associated switchgear assemblies. The company operates two manufacturing facilities in Bhiwadi, Rajasthan, along with a registered office in Manesar, Haryana.
| Founded in | 2014 |
| Managing director | Mr. Pradeep Kumar Verma |
| Parent organization |
Financial Overview
Strengths
- Diversified product portfolio across transformers, control panels, and distribution equipment.
- Strong presence in power transmission, renewable energy, and infrastructure sectors.
- ISO-certified manufacturing facilities with in-house testing capabilities.
- Established promoter experience in the electrical equipment industry.
- Growing revenue trend supported by sectoral demand in power and renewables.
Risks
- High revenue dependence on a limited number of key customers.
- Business exposed to fluctuations in the power and infrastructure sectors.
- Operations reliant on leased manufacturing premises.
- Subject to stringent quality, performance, and warranty obligations.
- Exposure to working capital intensity and sector-driven demand volatility.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 153.01 |
| Non-Institutional Investors (NIIs) | 443.88 |
| Retail Individual Investors (RIIs) | 347.91 |
| Employee | N/A |
| Total | 322.08 |