Accord Transformer & Switchgear SME IPO
Accord Transformer & Switchgear IPO — date, price band, GMP & allotment 2026
Everything you need to know about the Accord Transformer & Switchgear IPO. Track the latest updates, GMP trends, and subscription status.
Stock price
Accord Transformer & Switchgear is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 September.
- Open 23 Feb 2026
- Close 25 Feb 2026
- Allotment 26 Feb 2026
- Refund/credit 27 Feb 2026
- Listing 02 Mar 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Feb, 2026 |
|---|---|
| Price Band | ₹43 – ₹46 |
| Face Value | ₹10 |
| Lot Size | 3000 Shares |
| Issue Size | ₹25.59 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,76,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 3000 shares at the ₹46 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 6,000 | ₹2,76,000 |
| Retail (max) | 2 | 6,000 | ₹2,76,000 |
| HNI (min) | 3 | 9,000 | ₹4,14,000 |
Three years of numbers
All figures in ₹ crore, as reported in the Accord Transformer & Switchgear offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Accord Transformer & Switchgear RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Accord Transformer & Switchgear IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹2.94 |
| P/E Ratio (x) | 15.63 |
| Market Cap at Offer Price (₹ Cr) | ₹45.53 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹46 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹23.03 Cr of the issue is earmarked to named objects.
About the company
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 85274 22944
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
GYR Capital Advisors Pvt.Ltd.
10 issues handled (2 mainboard, 8 SME)Best listing: Merritronix (+90.0%). Weakest: Indo SMC (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Accord Transformer & Switchgear?
The current Grey Market Premium is ₹4, or 9% over the issue price.
What is the Accord Transformer & Switchgear IPO price band?
₹43 to ₹46, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 February 2026, with listing on 2 March 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
