Accord Transformer and Switchgear Stock Surges 5% in First Trading Session Following Strong Market Debut

Accord Transformer & Switchgear IPO Debut

Company Information

• Accord Transformer & Switchgear, a leading electrical power and distribution equipment firm, made a positive debut on the BSE SME today.
• Founded in 2014, the company is involved in designing, engineering, manufacturing, and supplying a wide array of electrical power and distribution equipment.
• Accord Transformer & Switchgear has over a decade of experience serving diverse sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.

Initial Public Offering (IPO) Details

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• The IPO subscription period ran from February 23 to February 25, with a face value of ₹10 per share.
• Shares were priced between ₹43 and ₹46, and a minimum of 3,000 shares were available for bid.
• The IPO was subscribed 357.37 times on the last day of bidding.

Financial Performance

• For the financial year 2025, the company reported a total income of ₹79.20 crore and a profit after tax of ₹6.05 crore.
• As of March 31, 2025, the net worth was recorded at ₹21.54 crore, while total borrowings reached ₹11.81 crore.

IPO Allocation and Utilization

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• The IPO consisted of a new issuance of 55.62 lakh shares valued at up to ₹25.59 crore.
• The company intends to allocate ₹13.03 crore for capital expenditures related to machinery and equipment, while ₹10 crore will be directed toward working capital needs.

Issue Details

• GYR Capital Advisors Pvt Ltd. serves as the lead manager for the book, and Kfin Technologies Ltd. has taken on the role of registrar for the issue.
• Giriraj Stock Broking Pvt Ltd. is designated as the Market Maker for the company.