Accord Transformer And Switchgear Limited
IPO Details
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Having completed its public offering, Accord Transformer And Switchgear Limited's is now listed and trading on the BSE exchange as of Mar 02, 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 Feb 23, 2026 and Feb 25, 2026 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Feb 26, 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 & 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."
- 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.
- 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.
- Mr. Pradeep Kumar Verma
- Mrs. Shalini Singh
Accord Transformer And Switchgear Limited
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