Accord Transformer & Switchgear IPO

Accord Transformer & Switchgear Ltd., incorporated in 2014, is an established company engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.

With over 10 years of experience, the company caters to the standard and customised requirements of clients across various sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.

Product Portfolio

Accord Transformer & Switchgear Ltd. offers a comprehensive product portfolio, including:

1. Transformers:

  • Distribution Transformers: Up to 2.5 MVA, 36 kV
  • Power Transformers: Up to 20 MVA, 33 kV
  • Dry-Type Transformers: Up to 5000 KVA, 36 kV
  • Special-Purpose Transformers: Including Solar Transformers, wind inverter duty, and furnace duty transformers.

2. Control Panels & Switchgear:

  • Low-Voltage (LV) Control Panels, LV Control Switchboards, and APFC Panels.
  • Medium-Voltage (MV) / Vacuum Circuit Breaker (VCB) panels.
  • Industrial Panels.
  • Customised Prisma Set control panels (in collaboration with Schneider Electric).
  • Package Substations, Busducts, cable trays, and associated switchgear assemblies.

The company operates two manufacturing facilities in Bhiwadi, Rajasthan, with its registered office located in Manesar, Haryana. These facilities are equipped with advanced machinery such as plasma cutting systems, foil winding machines, shot blasting and painting booths, and comprehensive in-house testing laboratories, enabling expertise in the design, manufacture, testing, and deployment of critical power systems.

As of December 31, 2025, the company had 114 permanent employees.

Company Financials (Restated Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets41.0259.8926.4615.82
Total Income45.2979.2048.6040.81
Profit After Tax2.916.051.610.87
EBITDA4.629.102.671.54
NET Worth24.4521.546.044.43
Reserves and Surplus9.4421.255.794.18
Total Borrowing4.3711.819.132.30
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Capital expenditure towards purchase of machinery and equipment13.03
2Funding of working capital requirements10.00
3General corporate purposes 
 Total23.03

Key Performance Indicator (KPI)

KPIDec 31, 2025Mar 31, 2025
ROE12.67%43.90%
ROCE14.52%26%
Debt/Equity0.180.55
RoNW11.91%28.10%
PAT Margin6.44%7.66%
EBITDA Margin10.19%11.49%
Price to Book Value2.823.21
 Pre IPOPost IPO
EPS Rs4.032.94
P/E (x)11.4115.63

Accord Transformer IPO Details

IPO Date23 to 25 Feb, 2026
Listing DateMon, Mar 2, 2026
Face Value₹10 per share
Price Band₹43 to ₹46
Issue Price₹46 per share
Lot Size3,000 Shares
Sale TypeFresh Capital
Issue TypeBookbuilding IPO
Listing AtBSE SME
Total Issue Size55,62,000 shares
(agg. up to ₹26 Cr)
Reserved for Market Maker
2,82,000 shares
(agg. up to ₹1 Cr)

 

Net Offered to Public52,80,000 shares
(agg. up to ₹24 Cr)
Share Holding Pre Issue1,50,11,289 shares
Share Holding Post Issue2,05,73,289 shares

Accord Transformer IPO Promoter Holding

Mr. Pradeep Kumar Verma and Mrs Shalini Singh are the promoters.

Share Holding Pre Issue84.94%
Share Holding Post Issue61.98%

SHARIAH SCREENING for - Accord Transformer & Switchgear Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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