Accord Transformer & Switchgear Limited IPO Allotment Status, Dates, Price Band & Details | MNCL Research
Accord Transformer & Switchgear Limited (“ATSL”) was incorporated on June 20, 2014, in Gurgaon, Haryana and converted into a public limited company on December 4, 2024. The Company is promoted by Mr. Pradeep Kumar Verma and Mrs. Shalini Singh.
ATSL is engaged in the design, engineering, manufacturing and supply of transformers, control panels and power distribution equipment. Its products cater to power transmission & distribution utilities, renewable energy projects, industrial customers, infrastructure developments and EV charging networks.
The Company operates two manufacturing facilities in Rajasthan with in-house testing capabilities and ISO-certified integrated management systems (ISO 9001:2015, ISO 14001:2015, ISO 45001:2018). ATSL follows a customer-centric model, offering both standard and customised electrical solutions aligned with India’s growing power and renewable infrastructure demand.
Accord Transformer & Switchgear Ltd IPO Dates
- IPO Open Date: 23rd Feb 2026
- IPO Close Date: 25th Feb 2026
- Tentative Listing Date: 02 Mar 2026
IPO Details
- Face Value: ₹10 per share (as per DRHP)
- Issue Type: Book Built Issue
- Issue Structure: Fresh Issue
- Listing At: BSE SME
- Price Band: ₹43 – ₹46
- Lot Size: 3000 shares — ₹138000
- Total Issue Size: 26Cr
Objects of the Issue (as per DRHP)
- Funding capital expenditure requirements
- Working capital requirements
- Repayment / prepayment of borrowings
- General corporate purposes
Competitive Strengths
- Strong engineering and design capabilities in transformer and switchgear solutions
- Advanced manufacturing facilities with in-house testing infrastructure
- Diversified customer base across utilities, renewables, industrial and infrastructure sectors
- ISO-certified quality systems ensuring compliance and reliability
- Experienced promoter-led management team
- Strategic positioning aligned with India’s expanding power transmission and renewable energy capacity
Allotment & IPO Status
Registrar: Kfin Technologies Ltd.
Investors can check allotment status on:
Registrar website: https://ipostatus.kfintech.com/
BSE application status page: https://www.bsesme.com/PublicIssues/PublicIssues.aspx?id=1
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Accord Transformer & Switchgear Limited IPO – Frequently Asked Questions (FAQ)
Looking for quick answers about the Accord Transformer IPO? Below are structured insights covering business model, strengths, risks and listing outlook to help investors and traders make informed decisions.
1. What does Accord Transformer & Switchgear Limited do?
The company designs and manufactures transformers, control panels and power distribution equipment serving utilities, renewable energy projects, infrastructure and industrial clients.
2. What are the key strengths of the company?
Its strengths include strong engineering capabilities, ISO-certified manufacturing facilities, diversified end-user industries and alignment with India's expanding power and renewable energy infrastructure.
3. Is the IPO suitable for long-term investors?
Long-term suitability depends on valuation, order book visibility, margin sustainability and sector growth. Investors should evaluate financial performance and competitive positioning before applying.
4. Can this IPO be considered for swing trading?
Yes, traders may track subscription data, GMP trends, sector momentum and listing-day volume patterns for short-term trading opportunities.
5. What sector does the company belong to?
The company operates in the power transmission, distribution and renewable energy equipment manufacturing sector.
Investor Education Hub: Everything You Need to Know About IPOs
- How to Analyse an IPO Before Applying
- Step-by-Step Guide: IPO Process in India
- Understanding IPO Application & Allotment (UPI / ASBA & Eligibility)
- 8 Tips to Improve Your Chances of IPO Allotment
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