Accord Transformer Ipo
Accord Transformer IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
GYR Capital Advisors Pvt.Ltd.
| 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 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 15,84,000 Shares | 28.48% |
| QIB (Ex. Anchor) | 10,56,000 Shares | 18.99% |
| NII Shares Offered | 7,92,000 Shares | 14.24% |
| Retail Shares Offered | 18,48,000 Shares | 33.23% |
| Anchor Bidding Date | February 20, 2026 |
| Anchor Investors List | |
| Shares Offered | 15,84,000 Shares |
| Anchor Size | 7.29 Cr. |
| lock-in period end date 50% shares (30 Days) | March 28, 2026 |
| lock-in period end date 50% shares (90 Days) | May 27, 2026 |
| IPO Open Date: | February 23, 2026 |
| IPO Close Date: | February 25, 2026 |
| Basis of Allotment: | February 26, 2026 |
| Refunds: | 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 |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,50,11,289 | 4.03% |
| Promoter Holding Post Issue | 2,05,73,289 | 2.94% |
| Purpose | Crores |
| Capital expenditure towards purchase of machinery and equipment | ₹13.03 |
| Funding of working capital requirements | ₹10.00 |
| General corporate purposes | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹40.81 | ₹39.59 | ₹0.87 | ₹15.82 |
| 2024 | ₹48.60 | ₹46.46 | ₹1.61 | ₹26.46 |
| 2025 | ₹79.20 | ₹71.03 | ₹6.05 | ₹59.89 |
| Dec 2025 | ₹45.29 | ₹41.40 | ₹2.91 | ₹41.02 |
| KPI | Values |
| ROE: | 28.10% |
| ROCE: | 26.09% |
| EBITDA Margin: | 11.49% |
| PAT Margin: | 7.66% |
| Debt to equity ratio: | 0.55 |
| Earning Per Share (EPS): | ₹4.35 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 28.10% |
| Net Asset Value (NAV): | ₹14.35 |
| Company | EPS | PE 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 | 2051.08 Cr. |
| Voltamp Transformers Limited | 321.65 | 24.76 | 20.50% | 1,569.24 | 2018.93 Cr. |
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹43 to ₹46 Per Share |
| Issue Size | Approx ₹26 Crores |
| Fresh Issue | Approx ₹26 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |