31 Mar 2023
Assets15.82
Total Income40.81
EBITDA1.54
Profit After Tax0.87
NET Worth4.43
Reserves and Surplus4.18
Total Borrowing2.30
At a glance
Updated 2026-09-09The shares listed at ₹50.00, a 8.70% move from the issue price. Accord Transformer & Switchgear is a SME IPO with an issue size of ₹25.59 crore, proposed for listing on BSE SME. The offer opens on 23rd Feb 2026 and closes on 25th Feb 2026. The issue structure includes a fresh issue of ₹24.29 crore. The current listing schedule points to 2nd Mar 2026.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹25.59 Cr
Fresh issue₹24.29 Cr
Face value₹10
Price band₹43.00–₹46.00
Allotment26th Feb 2026
Listing2nd Mar 2026
Listing performance
Full performance ↗Issue price₹46.00
Listing price₹50.00
Current price—
Listing gain8.70%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹4.00
GMP / upper price8.70%
Est. listing₹50.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Feb 2026
Closes25th Feb 2026
Allotment26th Feb 2026
Refund27th Feb 2026
Demat27th Feb 2026
Listing2nd Mar 2026
Subscription demand
Full bidding ↗QIB153.01×
sHNI398.70×
bHNI462.96×
NII / HNI462.96×
Retail367.59×
Total357.37×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 6000 | ₹276,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital expenditure towards purchase of machinery and equipment | ₹13.03 Cr |
| Funding of Working Capital Requirements | ₹10.00 Cr |
| Issue Expenses | ₹2.56 Cr |
| Total | ₹25.59 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue45.29₹ Cr · -42.8% vs prior year
EBITDA4.62₹ Cr · -49.2% vs prior year
PAT2.91₹ Cr · -51.9% vs prior year
Assets41.02₹ Cr · -31.5% vs prior year
Net Worth24.45₹ Cr · +13.5% vs prior year
Borrowing4.37₹ Cr · -63.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets26.46
Total Income48.60
EBITDA2.67
Profit After Tax1.61
NET Worth6.04
Reserves and Surplus5.79
Total Borrowing9.13
31 Mar 2025
Assets59.89
Total Income79.20
EBITDA9.10
Profit After Tax6.05
NET Worth21.54
Reserves and Surplus21.25
Total Borrowing11.81
31 Dec 2025
Assets41.02
Total Income45.29
EBITDA4.62
Profit After Tax2.91
NET Worth24.45
Reserves and Surplus9.44
Total Borrowing4.37
KPIs
| KPI | Mar 31, 2025 | Dec 31, 2025 |
|---|---|---|
| ROE | 43.90% | 12.67% |
| ROCE | 26% | 14.52% |
| Debt / Equity | 0.55% | 0.18% |
| RoNW | 28.10% | 11.91% |
| PAT Margin | 7.66% | 6.44% |
| EBITDA Margin | 11.49% | 10.19% |
| Price to Book Value | 3.21 | 2.82 |
Valuation & shareholding
Pre-IPO EPS4.03
Post-IPO EPS2.94
Pre-IPO P/E11.41
Post-IPO P/E15.63
Promoter holding pre84.94%
Promoter holding post61.98%
Market cap₹94.64 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Accord Transformer & Switchgear IPO | — | 15.63 x | — | — |
| Skytech Infinite IPO | — | 18.00 x | — | — |
| Advance Technoforge IPO | — | 21.16 x | — | — |
| Susan Electricals IPO | — | 14.15 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Capital expenditure towards purchase of machinery and equipment | ₹13.03 Cr |
| Funding of Working Capital Requirements | ₹10.00 Cr |
| Issue Expenses | ₹2.56 Cr |
| Total | ₹25.59 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- GYR Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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