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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Accord Transformer & Switchgear Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹46
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,38,000
Issue Size
₹25.59 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
84.94%
Promoter Holding (Post-Issue)
61.98%
Issue Type
Book Building - SME
ISIN
INE132201018
We are engaged in the design, engineering, manufacturing, and supply of a wide range of transformers, control panels and distribution equipment, catering to standard and customised requirements across power transmission and distribution, renewable energy, industrial applications, infrastructure, and EV charging networks. With two manufacturing facilities in Rajasthan, supported by office in Gurugram, we operate with advanced machinery, in-house testing laboratories, and an integrated management system certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
The electrical equipment market size has grown strongly in recent years. It will grow from $1667.51 billion in 2024 to $1752.23 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. India Switchgear Market is growing owning to increasing adoption of smart switchgear and rising investment in developing renewable energy along with government regulations or subsidies. The rapid growth in investment in renewable energy infrastructure and power generation capacities is expected to drive the India switchgear market during the forecast period. The growing adoption of smart Internet of Things (IoT) ready switchgears solutions are one of the key fundamental factors driving the India Switchgear market.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 55,62,000 equity shares of face value Rs. 10/- each (the "Equity Shares") of Accord Transformer & Switchgear Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 46 per equity share (Including a Securities Premium of Rs. 36 Per Equity Share) ("Issue Price"), aggregating up to Rs. 25.59 Crore (the "Issue") of which up to 2,82,000 equity shares of face value Rs. 10 each aggregating to Rs. 1.30 Crore will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of up to 52,80,000 equity shares of face value of Rs.10/- each at an issue price of Rs. 46 per equity share aggregating up to Rs. 24.29 Crore is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.04% and 25.66% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 46/- per equity share of face value of Rs. 10/- each. The floor price is 4.60 times of the face value of the equity shares. Bids can be made for a minimum of 6000 equity shares and in multiples of 3000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was originally incorporated as `Accord Transformer & Switchgear Private Limited' a private limited company under the Companies Act, 2013 at Gurgaon, Haryana, pursuant to a certificate of incorporation dated June 20, 2014, issued by the Registrar of Companies, Delhi and Haryana, ("RoC"). Thereafter, name of our Company was changed from `Accord Transformer & Switchgear Private Limited' to `Accord Transformer & Switchgear Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on October 22, 2024 and a fresh certificate of incorporation consequent to conversion of the company was issued by the Registrar of Companies, Central Processing Centre on December 04, 2024. Our Company's Corporate Identity Number is U31500HR2014PLC052544.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.