Accord Transformer IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 40.81 | 48.60 | 79.20 | 45.29 |
| Expense | 39.59 | 46.46 | 71.03 | 41.40 |
| Profit (PAT) | 0.87 | 1.61 | 6.05 | 2.91 |
| Total Assets | 15.82 | 26.46 | 59.89 | 41.02 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Danish Power Limited | 34.55 | 18.09 | 18 |
| Transformers and Rectifiers (India) Ltd | 7.21 | 34.43 | 17 |
| Voltamp Transformers Limited | 321.65 | 24.76 | 21 |
Promoters: Mr. Pradeep Kumar Verma and Mrs Shalini Singh
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,50,11,289 | 4.03% |
| Promoter Holding Post Issue | 2,05,73,289 | 2.94% |
Strengths & Risks
- Heavily oversubscribed — 357.5x overall (final).
- Strong institutional (QIB) demand — 153.0x.
- Revenue grew 63% in the latest reported year.
- Strong return on equity — 28%.
- Promoter stake drops to 3% after the issue.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Set up in 2014, Accord Transformer & Switchgear is one of the prominent companies that designs electrical power and distribution equipment. The firm is involved in designing, engineering, manufacturing, and supplying transformers, control panels & switchgears. With over 10 years of experience, the firm is serving customers with standard and customised equipment. Its products mainly cater to various sectors like power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks. The company runs 2 manufacturing facilities in Bhiwadi, Rajasthan. Its facilities consist of advanced machinery like plasma cutting systems, foil winding machines, shot blasting, and painting booths, helping the company to design critical power systems.
ccord Transformer & Switchgear Ltd. Address, Unit No. 724, Seventh Floor, Eros Corporate Park, K Block, Sector 2, IMT Manesar, Manesar, Gurgaon, Haryana, 122052
| Purpose | Amount (Cr) |
|---|---|
| Capital expenditure towards purchase of machinery and equipment | 13.03 |
| Funding of working capital requirements | 10.00 |
| General corporate purposes | - |
Resources & Documents
Accord Transformer has set a price band of Rs 43–Rs 46 per share for an issue size of Rs 26 crore. The stock listed with a 8.70% gain versus its issue price on March 02, 2026.
Set up in 2014, Accord Transformer & Switchgear is one of the prominent companies that designs electrical power and distribution equipment. The firm is involved in designing, engineering, manufacturing, and supplying transformers, control panels & switchgears.
The issue is promoted by Mr. Pradeep Kumar Verma and Mrs Shalini Singh with GYR Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital expenditure towards purchase of machinery and equipment (Rs 13 crore) and Funding of working capital requirements (Rs 10 crore).
On fundamentals, the company is posting revenue growth of 63.0%, a profit margin of 7.6%, return on equity of 28.1% in its most recent reported period. Listed peers in this segment include Voltamp Transformers Limited (P/E 24.76x, market cap Rs 21 crore) and Danish Power Limited (P/E 18.09x, market cap Rs 18 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Accord Transformer IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Accord Transformer GMP history and trend, or learn how grey market premium works and how reliable it is.
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