Home
Charts
Search
Watchlist
Products
All IPOs
₹46 - 46
Accord Transformer & Switchgear Ltd
Capital Goods - Electrical EquipmentIPOSME
₹46 - 46
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.
Lot3,000Min Invest₹2,76,000Face Value₹10Issue Size₹26 CrFresh Issue₹26 CrListing Price₹50CMP₹84
Timeline
23 Feb
Bidding opens
25 Feb
Bidding closes
26 Feb
Allotment
26-27 Feb
Refund & demat credit
2 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹26 Cr0.56 Cr shares
Fresh Issue₹26 Cr
Face Value₹10
Lot Size3,000 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,76,0001-1 lots
sNII₹2,76,000from 2 lots
bNII₹11,04,000from 8 lots
Managers & Registrar
Lead ManagerGYR Capital Advisors Private Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group84.94%61.98%Public15.06%38.02%
Objects of the Issue
- Capital expenditure towards purchase of machinery and equipment
- Funding of working capital requirements
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 34 | 41 | 49 | 79 | 70 |
| Operating ProfitCr | 1 | 2 | 3 | 9 | 7 |
| OPM% | 3.3 | 4.0 | 5.6 | 11.5 | 9.9 |
| PBTCr | 1 | 1 | 2 | 8 | 6 |
| PATCr | 0 | 1 | 2 | 6 | 5 |
| EPS | 18 | 35 | 64 | 222 | 3 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 0 | 21 |
| ReservesCr | 3 | 4 | 6 | 21 | 28 |
| BorrowingsCr | 3 | 2 | 9 | 12 | 9 |
| Total AssetsCr | 15 | 16 | 26 | 60 | 84 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | - | 2 | -5 | -8 | 9 |
| Investing Cash FlowCr | - | 0 | -2 | -3 | -9 |
| Financing Cash FlowCr | - | -1 | 6 | 12 | 14 |
| Net Cash FlowCr | - | 1 | -1 | 0 | 13 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Long-standing customer base leading to stability in our business operations.
- Management team having established track record.
- Established track record of successfully completed projects.
- Strong order books.
Strategies · as stated in the DRHP
- Geographic and Sectoral Expansion into High-Growth Markets.
- New Manufacturing Facility to Drive Capacity Expansion.
- Enhancing Innovation and Quality Capabilities.
- Digitalization and Automation in Manufacturing.
Risks · as stated in the DRHP
- The company does not own the premises in which one of its manufacturing units is located and the same are on lease arrangement. Any termination of such lease and/or non-renewal thereof and attachment by Property Owner could adversely affect the Company's operations.
- The company is contractually and commercially subject to stringent performance obligations, including requirements relating to quality and delivery, and any failure to adhere to such obligations may result in cancellation of existing or prospective orders, initiation of product recalls, or the assertion of warranty and liability claims against it.
- A significant portion of the Company's revenues is derived from a limited number of customers, and the loss of one or more such customers may adversely affect its business, cash flows, results of operations and financial condition.
- The Company's business is dependent on the accuracy and effectiveness of its product design process, and any deficiency in this process may adversely affect the Company's operations, business and reputation.
- The demand for the Company's transformers and relay panels is closely tied to growth in the power generation, transmission, distribution, and infrastructure sectors, which may lead to variability in its operational results and financial performance.
- The Company's business is dependent on the performance and growth of the power generation, transmission and distribution sector, and any slowdown or adverse development in this sector may affect its business, financial condition and results of operations.