| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹25.59 Cr |
| Reserved for Market Maker | ₹1.30 Cr |
| Net Issue Size | ₹25.59 Cr |
| Fresh Issue | ₹24.29 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹43.00-46.00 per share |
| BSE Code | 544710 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 6,000 shares · Multiples of 3,000 shares
Accord Transformer & Switchgear Ltd. is a well-established company specializing in the design, engineering, manufacturing, and supply of a wide range of power and distribution equipment.
With more than a decade of industry experience, the company serves both standard and customized requirements across diverse sectors such as power transmission and distribution, renewable energy, industrial operations, infrastructure development, and EV charging infrastructure.
Product Offerings
Accord Transformer & Switchgear Ltd. delivers an extensive portfolio of electrical solutions, categorized as follows:
1. Transformers
Control Panels & Switchgear
Manufacturing & Infrastructure
The company operates two advanced manufacturing units in Bhiwadi, Rajasthan, while its registered office is located in Manesar, Haryana. The facilities are equipped with modern machinery and in-house testing capabilities, including plasma cutting machines, foil winding systems, shot blasting chambers, painting booths, and dedicated testing laboratories. This integrated infrastructure enables the company to design, manufacture, test, and deliver reliable and high-performance power systems.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards purchase of machinery and equipment | 13.03 |
| 2 | Funding of Working Capital Requirements | 10.00 |
| 3 | Issue Expenses | 2.56 |
| Total | 25.59 |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 41.02 | 59.89 | 26.46 | 15.82 |
| Total Income | 45.29 | 79.20 | 48.60 | 40.81 |
| Profit After Tax | 2.91 | 6.05 | 1.61 | 0.87 |
| EBITDA | 4.62 | 9.10 | 2.67 | 1.54 |
| NET Worth | 24.45 | 21.54 | 6.04 | 4.43 |
| Reserves and Surplus | 9.44 | 21.25 | 5.79 | 4.18 |
| Total Borrowing | 4.37 | 11.81 | 9.13 | 2.30 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 12.67% | 43.90% |
| ROCE | 14.52% | 26% |
| Debt / Equity | 0.18% | 0.55% |
| RoNW | 11.91% | 28.10% |
| PAT Margin | 6.44% | 7.66% |
| EBITDA Margin | 10.19% | 11.49% |
| Price to Book Value | 2.82 | 3.21 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.03 | 2.94 |
| P/E (x) | 11.41 | 15.63 |
| Promoter Holding | 84.94% | 61.98% |
| Market Cap | ₹94.64 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Underwriting Fees | 1.28 |
| 3 | Fees payable to the Market maker to the Issue | 0.03 |
| 4 | Fees payable to the Registrar to the Issue | 0.02 |
| 5 | Fees payable for Advertising and Publishing Expense | 0.05 |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | 0.20 |
| 7 | Payment for Printing & Stationary, Postage etc | 0.00 |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | 0.42 |
| 9 | Other Expense | 0.27 |
| Total | 2.56 |
Last Updated on 18-Jun-2026 18:10:15