How to Check Accord Transformer & Switchgear IPO Allotment Status

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.

The company offers a comprehensive product portfolio spanning Transformers (Distribution Transformers up to 2.5 MVA, Power Transformers up to 20 MVA, Dry-Type Transformers up to 5000 KVA, and Special-Purpose Transformers including Solar, wind inverter duty, and furnace duty transformers) and Control Panels & Switchgear.

Accord Transformer & Switchgear IPO is a book build issue of ₹25.59 crore, entirely comprising a fresh issue of 0.56 crore shares aggregating to ₹25.59 crore. The IPO opened on February 23, 2026, and closed on February 25, 2026. The allotment is expected on Thursday, February 26, 2026. The share price band was set at ₹43 to ₹46 per share.

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Steps to Check Accord Transformer & Switchgear IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd.
• Select "Accord Transformer & Switchgear" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Accord Transformer & Switchgear IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Accord Transformer & Switchgear" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Accord Transformer & Switchgear IPO subscribed 357.19 times overall. Here is the category-wise breakdown as of 4:59:40 PM on February 25, 2026:

Accord Transformer & Switchgear IPO Subscription Status

QIB Category (Ex Anchor): 153.01 times
Non-Institutional Investors (NII): 606.01 times
Individual Investors: 367.23 times

Accord Transformer & Switchgear IPO Share Price and Investment Details

The minimum investment required was ₹2,76,000 for 2 lots (6,000 shares) for individual investors. The issue raised ₹7.29 crore from anchor investors. The issue includes a reservation of up to 2,82,000 shares for the market maker, Giriraj Stock Broking Pvt. Ltd. The anchor investor lock-in period ends on March 28, 2026 for 50% of shares (30 days) and May 27, 2026 for the remaining shares (90 days). Given the overall subscription of 357.19 times with strong institutional interest at 153.01 times, robust NII participation at 606.01 times, and exceptional individual investor subscription at 367.23 times.

Utilisation of IPO Proceeds

The proceeds will be utilised for capital expenditure towards purchase of machinery and equipment (₹13.03 crore), funding of working capital requirements (₹10.00 crore), and general corporate purposes.

Business Overview

Accord Transformer & Switchgear Limited is engaged in manufacturing and marketing of a diversified range of electrical power and distribution transformers. The company is operating in a highly competitive and fragmented segment. The company marked growth in its top lines for the reported periods, but the sudden jump in bottom line for FY25 raises concern. 9M-FY26 financial performance hints at a setback.

The company demonstrated financial performance with total income of ₹79.20 crore for FY2025 and a net worth of ₹24.45 crore as of December 31, 2025. However, investors should note the post-issue P/E ratio of 15.63 and Price to Book Value of 2.82.