GMP IPO Watch
Accord Transformer & Switchgear IPO: Powering Up the EV & Renewable Grid
Accord Transformer & Switchgear, a key manufacturer of critical power equipment for the EV...
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A
SME IPO
LISTED
NSE, BSE
ACCORDTRANSFORMER
Accord Transformer & Switchgear IPO
Accord Transformer & Switchgear IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹4
+8.7%
Est. Listing: ₹50.00
Price Band
₹43 - ₹46
Per equity share
Lot Size
3000 Shares
Min Invest: ₹2,76,000
Issue Size
₹46 Cr
Total Public Offering
Issue Dates
22 February 2026 – 24 February 2026
Bidding period
Subscription
—
Total overall demand
Accord Transformer & Switchgear IPO Details
Key facts at a glance| IPO Open Date | 22 February 2026 | IPO Close Date | 24 February 2026 |
|---|---|---|---|
| Basis of Allotment | TBA | Listing Date | 1 March 2026 |
| Price Band | ₹43 - ₹46 per share | Face Value | ₹10 per share |
| Market Lot Size | 3000 Shares | Min Investment (Retail) | ₹2,76,000 |
| Total Issue Size | ₹46 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Accord Transformer & Switchgear IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 22 February 2026 | Confirmed |
| IPO Close Date | 24 February 2026 | Confirmed |
| Basis of Allotment | TBA | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 1 March 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Accord Transformer & Switchgear IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 6,000 Shares | ₹2,76,000 |
| Retail (Max) | 2 Lots | 6,000 Shares | ₹2,76,000 |
| S-HNI (Min) | 3 Lots | 9,000 Shares | ₹4,14,000 |
| S-HNI (Max) | 7 Lots | 21,000 Shares | ₹9,66,000 |
| B-HNI (Min) | 8 Lots | 24,000 Shares | ₹11,04,000 |
Accord Transformer & Switchgear IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹4 +8.7%
Estimated Listing Price
₹50.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 2 Mar 2026 | ₹4 | ₹50.00 | +8.70% |
| 27 Feb 2026 | ₹6 | ₹52.00 | +13.04% |
| 25 Feb 2026 | ₹8 | ₹54.00 | +17.39% |
| 24 Feb 2026 | ₹13 | ₹59.00 | +28.26% |
| 23 Feb 2026 | ₹17 | ₹63.00 | +36.96% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Accord Transformer & Switchgear IPO Subscription Status
Demand breakdown by investor category
Retail
—
QIB
—
NII / HNI
—
Total
—
About Accord Transformer & Switchgear
Accord Transformer & Switchgear IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 6,000 | ₹2,76,000 |
| Retail Maximum | 2 | 6,000 | ₹2,76,000 |
| S-HNI Minimum | 3 | 9,000 | ₹4,14,000 |
| S-HNI Maximum | 7 | 21,000 | ₹9,66,000 |
| B-HNI Minimum | 8 | 24,000 | ₹11,04,000 |
Accord Transformer & Switchgear IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investor | 15,84,000 Shares | 28.48% |
| QIB (Ex. Anchor) | 10,56,000 Shares | 18.99% |
| NII | 7,92,000 Shares | 14.24% |
| Retail | 18,48,000 Shares | 33.23% |
Accord Transformer & Switchgear IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Feb 2026 |
| IPO Close Date | 25 Feb 2026 |
| Basis of Allotment | - |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 02 Mar 2026 |
Note: The timeline for ਐਕੋਰਡ ਟ੍ਰਾਂਸਫਾਰਮਰ ਅਤੇ ਸਵਿੱਚਗਿਅਰ IPO is tentative and subject to change.
Accord Transformer & Switchgear IPO Important Dates
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Basis of Allotment | February 26, 2026 |
| Refunds Initiation | February 27, 2026 |
| Credit to Demat Account | February 27, 2026 |
| IPO Listing Date | March 2, 2026 |
| IPO Bidding Cut-off Time | February 25, 2026 – 5 PM |
Accord Transformer & Switchgear Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Accord Transformer & Switchgear Objects of the Issue & Utilisation of Proceeds
| Capital expenditure towards purchase of machinery and equipment | ₹13.03 Crores |
| Funding of working capital requirements | ₹10.00 Crores |
| General Corporate Purposes | – |
Accord Transformer & Switchgear Company Financial Report
To Be Updated Soon
Accord Transformer & Switchgear Company Valuation & Key Performance Indicators
To Be Updated Soon
Accord Transformer & Switchgear Peer Group Comparison
To Be Updated Soon
Accord Transformer & Switchgear Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income |
|---|---|---|---|---|---|
| Danish Power Limited | 34.55 | 18.09 | 18.00% | 162.50 | ₹432.95 Cr |
| Transformers and Rectifiers (India) Ltd | 7.21 | 34.43 | 17.01% | 42.39 | ₹2,051.08 Cr |
| Voltamp Transformers Limited | 321.65 | 24.76 | 20.50% | 1,569.24 | ₹2,018.93 Cr |
Accord Transformer & Switchgear Lead Managers & Merchant Bankers
- GYR Capital Advisors Pvt.Ltd.
Accord Transformer & Switchgear IPO FAQs
Accord Transformer & Switchgear IPO opens for subscription on 22 February 2026 and closes on 24 February 2026.
The price band for Accord Transformer & Switchgear IPO is set at ₹43.00 to ₹46.00 per share.
The minimum market lot size is 3000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 6,000 Shares (₹2,76,000).
The latest Grey Market Premium (GMP) for Accord Transformer & Switchgear IPO is ₹4.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Accord Transformer & Switchgear IPO is tentatively scheduled for TBA, and shares are expected to list on the stock exchanges on 1 March 2026.
The registrar details will be confirmed in the official prospectus.
Accord Transformer & Switchgear IPO Analysis & Articles