accord-transformer-switchgear-ltd

Incorporated in 2014 and based in Gurugram, Accord Transformer & Switchgear is a specialized manufacturer of electrical equipment. The company designs and manufactures a wide range of transformers and switchgear solutions for power distribution, industrial applications, and renewable energy sectors.

Business Verticals

• Transformers: Manufacturing distribution transformers (up to 2.5 MVA), power transformers (up to 20 MVA), and dry-type transformers.

• Special Duty Transformers: Providing specialized solutions like solar inverter duty, wind inverter duty, and furnace duty transformers.

• Switchgear & Panels: Designing LV and MV/VCB control panels and compact substations.

• Geographical Reach: Significant revenue comes from Gujarat (56.06%), followed by Dadra & Nagar Haveli and Uttar Pradesh.

Track Record

• Revenue Growth: Total income increased from ₹48.60 Cr (FY24) to ₹79.20 Cr (FY25), representing a 63% growth.

• Profitability: Reported a Profit After Tax (PAT) of ₹6.05 Cr in FY25, a sharp 277% jump from the previous year.

• Workforce: Employs over 114 permanent employees as of late 2025.

• Manufacturing Units: Operates production facilities in Rajasthan and Gujarat, with its head office in IMT Manesar.

Accord Transformer & Switchgear Ltd IPO GMP

To check the latest Accord Transformer & Switchgear Ltd IPO GMP today and live grey market premium updates, visit our dedicated tracking page: Check Latest IPO GMP Here

Note: GMP is unofficial. Investors should focus on the company's strong Return on Equity (ROE of 43.90%) and the sector's tailwinds from the government's push for power infrastructure.

Accord Transformer & Switchgear Ltd IPO Allotment Status

The allotment is scheduled to be finalized on Feb 26, 2026.

Check Accord Transformer Allotment Status To check your status online, visit: Check IPO Allotment Status Here

You can verify your status via:

• Registrar's website (Kfin Technologies Ltd)

• BSE official portal

• Using your PAN number or Application number

Strengths

• High Operational Efficiency: Boasts an impressive ROE of 43.90% and ROCE of 26% (FY25), reflecting strong capital management.

• Specialized Niche: Focus on "Special Purpose Transformers" (Solar/Wind) aligns with the global shift toward renewable energy.

• Experienced Promoters: Led by Mr. Pradeep Kumar Verma and Mrs. Shalini Singh, who possess deep technical expertise in electrical engineering.

• Consistent Financials: Strong year-on-year growth in both top-line revenue and bottom-line profits.

Weakness

• Working Capital Intensive: The business model requires significant cash flow to maintain raw material inventory and support the production cycle.

• Concentration Risk: Over 56% of revenue is derived from a single state (Gujarat), making them vulnerable to regional policy changes.

• Raw Material Volatility: Fluctuations in the prices of copper and CRGO steel can directly impact profit margins.

• Competitive Market: Faces competition from established large-cap players and several unorganized SME manufacturers.

How the Company Will Use IPO Money

The company plans to utilize the fresh issue proceeds of ₹25.59 crores for:

• Capital Expenditure: Purchase of new machinery and equipment to expand production capacity.

• Working Capital Requirements: Funding the day-to-day operational expenses of the business.

• General Corporate Purposes: Strategic initiatives and meeting listing-related expenses.

Lead Manager

GYR Capital Advisors Private Limited

Accord Transformer & Switchgear Ltd Address

Accord Transformer & Switchgear Limited

Address: Unit No. 724, Seventh Floor, Eros Corporate Park, K Block, Sector 2, IMT Manesar, Gurgaon, Haryana - 122052.

Phone: +91 85274 22944

E-mail: compliance@atsgroup.in

Website: https://atsgroup.in/

Registrar

Kfin Technologies Limited

Address: Selenium Tower B, Plot 31 & 32, Financial District, Nanakramguda, Hyderabad - 500 032.

Phone: +91 40 6716 2222

Email: accord.ipo@kfintech.com

Website: https://www.kfintech.com/