Accord Transformer & Switchgear Ltd IPO
Status: Closed
Overview
IPO date
23 Feb 2026 to 25 Feb 2026
Face value
₹ 10 per share
Price
₹ 43 to ₹46 per share
Issue Size
5,562,000 shares
(aggregating up to ₹ 25.59 Cr)
(aggregating up to ₹ 25.59 Cr)
Allotment Date
26 Feb 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Capital Goods - Electrical Equipment
Objectives of Accord Transformer & Switchgear Ltd IPO
Accord Transformer & Switchgear Ltd IPO Strategy
About Accord Transformer & Switchgear Ltd
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T&C*
Strengths vs Risks of Accord Transformer & Switchgear Ltd
Know the pros & cons
Strengths
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.
Risks
- 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.
- There are certain discrepancies and non-compliances noticed in some of the Company's corporate records relating to forms filed with the Registrar of Companie.
- In the past its Managing Director Mr. Pradeep Kumar Verma (DIN 05113022) was disqualified as reflected in DIN Status on website of Ministry of Corporate Affairs.
- The company were not be able to locate documentary evidence relating to receipt of consideration for shares issued on rights basis in past.
- Any non-compliance or delays in EPF and ESI Return Filings may expose it to penalties from the regulators.
- The Company's net cash flows from Operating, Investing and Financing activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- The Company's operations require substantial working capital to sustain growth. Insufficient working capital could hinder its ability to maintain operational efficiency and adversely affect the Company's financial results.
- The majority of the Company revenue is derived from transformer sales. Inability to effectively manage existing client relationships or attract new clients could adversely affect its business prospects.
- The company has capital requirements. If the company experience insufficient cash flows to make required payments on the Company's debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- Failures to adequately protect, maintain, or enforce the Company's rights in relation to its trademarks, brand names, or brand identities may adversely affect the Company's business operations, financial condition, and competitive position.
- Loans availed by the Company is secured by personal guarantees extended by Promoters and Directors. In the event of invocation of such guarantees by the lenders, the Company's Promoters and Directors may become personally liable for the repayment obligations.
- The Company's customers impose stringent performance standards, including but not limited to quality and delivery timelines. Non-compliance with these standards could result in the termination of current and prospective contracts, product recalls, or warranty and liability claims.
- The Company's requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the Company's operations.
- The Company's business and financial condition are dependent on its ability to secure new purchase orders and contracts, and any inability to do so may adversely affect the Company's operations, revenues and cash flows.
- Object of the issue for which the funds are being raised have not been appraised by any bank or financial institutions and the company has not yet placed orders for certain machineries and equipment proposed to be acquired from the Issue Proceeds, and any delay or cost overrun in procurement or installation may adversely affect its expansion plans, business, financial condition and results of operations.
- The Company is not party to any legal proceeding as on date. However, the company cannot assure that in future the company Company, its directors, its Promoters, KMPs and SMPS shall not be party to any litigation, if such proceedings arises it may have a material adverse effect on the Company's business, results of operations and financial condition.
- The company is significantly dependent on its Promoters and Directors, namely, Mr. Pradeep Kumar Verma and Mrs. Shalini Singh. Any loss of their services could severely disrupt the Company's operations and may have a material adverse effect on its business, results of operations, and financial condition.
- The Company's manufacturing operations involve inherent risks, and any accident, disruption or failures in its facilities may adversely affect the Company's business, financial condition, results of operations and prospects.
- Any deficiencies in the storage, processing, or handling of its raw materials, work-in-progress, or finished products may result in damage to the Company's inventories and could adversely affect its business, results of operations, and cash flows.
- The company utilize advanced technologies in the manufacturing, design, and installation of transformers. Inability to adopt emerging technologies or comply with government-mandated technological requirements could adversely affect the Company's market position.
- If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate the Company's business, it may have a material adverse effect on its business, results of operations and financial condition.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the Company's operations.
- The Company's business is dependent on its operating facility in Bhiwadi, Rajasthan. The loss or shutdown of the Company's facilities could have a material effect on its business, financial condition and results of operations.
- Any shortage or interruption in the supply of electricity or power could disrupt the Company's manufacturing operations and may have an adverse effect on its business, results of operations, and financial condition.
- The Company's ability to pay dividends in the future will depend on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the Company's financing arrangements.
- The company rely on third-party transportation services for its logistics needs. Any disruptions in these services could negatively impact the Company's operations, business, and financial condition.
- The company does not own the premises in which one of the company's 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 its
operations.
- The company is contractually and commercially subject to stringent performance obligations, including requirements relating to
quality and delivery, and any failures 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 the company.
- 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 the company's 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.
- There are certain discrepancies and non-compliances noticed in some of the company's corporate records relating to forms filed
with the Registrar of Companies.
- In the past the company's Managing Director Pradeep Kumar Verma (DIN 05113022) was disqualified as reflected in DIN
Status on website of Ministry of Corporate Affairs.
- The company were not be able to locate documentary evidence relating to receipt of consideration for shares issued on rights basis
in past.
- Any non-compliance or delays in EPF and ESI Return Filings may expose the company to penalties from the regulators.
- The company's net cash flows from Operating, Investing and Financing activities have been negative in some years in the past. Any
negative cash flow in the future may affect our liquidity and financial condition.
- The company's operations require substantial working capital to sustain growth. Insufficient working capital could hinder the company's ability
to maintain operational efficiency and adversely affect its financial results.
- The majority of the company's revenue is derived from transformer sales. Inability to effectively manage existing client relationships
or attract new clients could adversely affect its business prospects.
- The company has working capital requirements. If the company experiences insufficient cash flows to make required payments on the company's debt
or fund working capital requirements, there may be an adverse effect on the company's results of operations.
- Failures to adequately protect, maintain, or enforce the company's rights in relation to the company's trademarks, brand names, or
brand identities may adversely affect its business operations, financial condition, and competitive position.
- Loans availed by the Company are secured by personal guarantees extended by Promoters and Directors. In the event of
invocation of such guarantees by the lenders, the company's Promoters and Directors may become personally liable for the
repayment obligations.
- The company's customers impose stringent performance standards, including but not limited to quality and delivery timelines. Noncompliance
with these standards could result in the termination of current and prospective contracts, product recalls, or
warranty and liability claims.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules
and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply
with such rules and regulations may adversely affect the company's operations.
- The company's business and financial condition are dependent on the company's ability to secure new purchase orders and contracts, and any
inability to do so may adversely affect its operations, revenues and cash flows.
- Object of the issue for which the funds are being raised have not been appraised by any bank or financial institutions and
the company has not yet placed orders for certain machineries and equipment proposed to be acquired from the Issue Proceeds,
and any delay or cost overrun in procurement or installation may adversely affect its expansion plans, business, financial
condition and results of operations.
- The Company is not party to any legal proceeding as on date. However, the company cannot assure that in future the Company, its
directors, its Promoters, KMPs and SMPS shall not be party to any litigation, if such proceedings arises it may have a
material adverse effect on the company's business, results of operations and financial condition.
- The company is significantly dependent on the company's Promoters and Directors, namely, Pradeep Kumar Verma and Shalini
Singh. Any loss of their services could severely disrupt its operations and may have a material adverse effect on the company's
business, results of operations, and financial condition.
- The company's manufacturing operations involve inherent risks, and any accident, disruption or failures in the company's facilities may
adversely affect its business, financial condition, results of operations and prospects.
- Any deficiencies in the storage, processing, or handling of its raw materials, work-in-progress, or finished products may
result in damage to the company's inventories and could adversely affect its business, results of operations, and cash flows.
- The company utilizes advanced technologies in the manufacturing, design, and installation of transformers. Inability to adopt
emerging technologies or comply with government-mandated technological requirements could adversely affect its
market position.
- If the company is not able to obtain, renew or maintain the company's statutory and regulatory licenses, registrations and approvals required
to operate its business, it may have a material adverse effect on the company's business, results of operations and financial
condition.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules
and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply
with such rules and regulations may adversely affect the company's operations.
- The company's business is dependent on the company's operating facility in Bhiwadi, Rajasthan. The loss or shutdown of its facilities could
have a material effect on the company's business, financial condition and results of operations.
- Any shortage or interruption in the supply of electricity or power could disrupt its manufacturing operations and may
have an adverse effect on the company's business, results of operations, and financial condition.
- The company's ability to pay dividends in the future will depend on the company's earnings, financial condition, working capital requirements,
capital expenditures and restrictive covenants of its financing arrangements.
- The company relies on third-party transportation services for its logistics needs. Any disruptions in these services could negatively
impact the company's operations, business, and financial condition.
- The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely
dependent on the discretion of the management of the Company.
- The company's insurance coverage may not fully protect against all operational risks, potentially resulting in significant adverse
effects on the company's business.
Accord Transformer & Switchgear Ltd Peer Comparison
Understand the company’s industry standing
Danish Power Limited
Transformers and Rectifiers (India) Ltd
Voltamp Transformers Limited
Face Value
10
1
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
432.95
2051.08
2018.92
EPS-Basis
34.55
7.21
321.65
EPS-Diluted
34.55
7.21
321.65
NAV Per Share
162.5
42.39
1569.24
P/E-Basic EPS
18.09
34.43
24.76
P/E-Diluted EPS
---
---
---
RONW(%)
18
17.01
20.5
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Accord Transformer & Switchgear Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
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The IPO opens on 23 Feb 2026 & closes on 25 Feb 2026.
Accord Transformer & Switchgear Limited was originally incorporated as Accord Transformer & Switchgear Private Limited' at Gurgaon, Haryana, on June 20, 2014 with the Registrar of Companies. Thereafter, name of the Company was changed from Accord Transformer & Switchgear Private Limited' to Accord Transformer & Switchgear Limited', vide a fresh Certificate of incorporation issued by the Central Processing Centre on December 04, 2024.
Company is engaged in the design, engineering, manufacturing, and supply of a wide range of transformers, control panels and distribution equipment, across power transmission and distribution, renewable energy, industrial applications, infrastructure, and EV charging networks. It
operate 2 manufacturing units located in Bhiwadi, Rajasthan. These facilities are equipped with advanced machinery including plasma cutting systems, MIG and arc welding machines, shot blasting and painting booths, foil winding machines, busbar processing equipment, and comprehensive in-house testing laboratories.
With expertise in the design, manufacture, testing, and deployment of critical power systems, Company offers a comprehensive product portfolio including Distribution transformers, power transformers, Dry-type transformers, Package Substations, Low-voltage (LV) control panels, Medium-voltage (MV) / Vacuum Circuit Breaker (VCB) panels, etc.
Company is planning the initial public offer of 56,00,000 Equity Shares having face value Rs 10 each through Fresh Issue.
Accord Transformer & Switchgear Ltd IPO will close on 25 Feb 2026.
- 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.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Pradeep Kumar Verma | 6375000 | 42.47 | 6375000 | 30.99 |
| 2 | Shalini Singh | 6375000 | 42.47 | 6375000 | 30.99 |
- 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.
- There are certain discrepancies and non-compliances noticed in some of the Company's corporate records relating to forms filed with the Registrar of Companie.
- In the past its Managing Director Mr. Pradeep Kumar Verma (DIN 05113022) was disqualified as reflected in DIN Status on website of Ministry of Corporate Affairs.
- The company were not be able to locate documentary evidence relating to receipt of consideration for shares issued on rights basis in past.
- Any non-compliance or delays in EPF and ESI Return Filings may expose it to penalties from the regulators.
- The Company's net cash flows from Operating, Investing and Financing activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- The Company's operations require substantial working capital to sustain growth. Insufficient working capital could hinder its ability to maintain operational efficiency and adversely affect the Company's financial results.
- The majority of the Company revenue is derived from transformer sales. Inability to effectively manage existing client relationships or attract new clients could adversely affect its business prospects.
- The company has capital requirements. If the company experience insufficient cash flows to make required payments on the Company's debt or fund working capital requirements, there may be an adverse effect on its results of operations.
- Failures to adequately protect, maintain, or enforce the Company's rights in relation to its trademarks, brand names, or brand identities may adversely affect the Company's business operations, financial condition, and competitive position.
- Loans availed by the Company is secured by personal guarantees extended by Promoters and Directors. In the event of invocation of such guarantees by the lenders, the Company's Promoters and Directors may become personally liable for the repayment obligations.
- The Company's customers impose stringent performance standards, including but not limited to quality and delivery timelines. Non-compliance with these standards could result in the termination of current and prospective contracts, product recalls, or warranty and liability claims.
- The Company's requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the Company's operations.
- The Company's business and financial condition are dependent on its ability to secure new purchase orders and contracts, and any inability to do so may adversely affect the Company's operations, revenues and cash flows.
- Object of the issue for which the funds are being raised have not been appraised by any bank or financial institutions and the company has not yet placed orders for certain machineries and equipment proposed to be acquired from the Issue Proceeds, and any delay or cost overrun in procurement or installation may adversely affect its expansion plans, business, financial condition and results of operations.
- The Company is not party to any legal proceeding as on date. However, the company cannot assure that in future the company Company, its directors, its Promoters, KMPs and SMPS shall not be party to any litigation, if such proceedings arises it may have a material adverse effect on the Company's business, results of operations and financial condition.
- The company is significantly dependent on its Promoters and Directors, namely, Mr. Pradeep Kumar Verma and Mrs. Shalini Singh. Any loss of their services could severely disrupt the Company's operations and may have a material adverse effect on its business, results of operations, and financial condition.
- The Company's manufacturing operations involve inherent risks, and any accident, disruption or failures in its facilities may adversely affect the Company's business, financial condition, results of operations and prospects.
- Any deficiencies in the storage, processing, or handling of its raw materials, work-in-progress, or finished products may result in damage to the Company's inventories and could adversely affect its business, results of operations, and cash flows.
- The company utilize advanced technologies in the manufacturing, design, and installation of transformers. Inability to adopt emerging technologies or comply with government-mandated technological requirements could adversely affect the Company's market position.
- If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate the Company's business, it may have a material adverse effect on its business, results of operations and financial condition.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the Company's operations.
- The Company's business is dependent on its operating facility in Bhiwadi, Rajasthan. The loss or shutdown of the Company's facilities could have a material effect on its business, financial condition and results of operations.
- Any shortage or interruption in the supply of electricity or power could disrupt the Company's manufacturing operations and may have an adverse effect on its business, results of operations, and financial condition.
- The Company's ability to pay dividends in the future will depend on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the Company's financing arrangements.
- The company rely on third-party transportation services for its logistics needs. Any disruptions in these services could negatively impact the Company's operations, business, and financial condition.
- The company does not own the premises in which one of the company's 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 its operations.
- The company is contractually and commercially subject to stringent performance obligations, including requirements relating to quality and delivery, and any failures 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 the company.
- 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 the company's 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.
- There are certain discrepancies and non-compliances noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies.
- In the past the company's Managing Director Pradeep Kumar Verma (DIN 05113022) was disqualified as reflected in DIN Status on website of Ministry of Corporate Affairs.
- The company were not be able to locate documentary evidence relating to receipt of consideration for shares issued on rights basis in past.
- Any non-compliance or delays in EPF and ESI Return Filings may expose the company to penalties from the regulators.
- The company's net cash flows from Operating, Investing and Financing activities have been negative in some years in the past. Any negative cash flow in the future may affect our liquidity and financial condition.
- The company's operations require substantial working capital to sustain growth. Insufficient working capital could hinder the company's ability to maintain operational efficiency and adversely affect its financial results.
- The majority of the company's revenue is derived from transformer sales. Inability to effectively manage existing client relationships or attract new clients could adversely affect its business prospects.
- The company has working capital requirements. If the company experiences insufficient cash flows to make required payments on the company's debt or fund working capital requirements, there may be an adverse effect on the company's results of operations.
- Failures to adequately protect, maintain, or enforce the company's rights in relation to the company's trademarks, brand names, or brand identities may adversely affect its business operations, financial condition, and competitive position.
- Loans availed by the Company are secured by personal guarantees extended by Promoters and Directors. In the event of invocation of such guarantees by the lenders, the company's Promoters and Directors may become personally liable for the repayment obligations.
- The company's customers impose stringent performance standards, including but not limited to quality and delivery timelines. Noncompliance with these standards could result in the termination of current and prospective contracts, product recalls, or warranty and liability claims.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company's operations.
- The company's business and financial condition are dependent on the company's ability to secure new purchase orders and contracts, and any inability to do so may adversely affect its operations, revenues and cash flows.
- Object of the issue for which the funds are being raised have not been appraised by any bank or financial institutions and the company has not yet placed orders for certain machineries and equipment proposed to be acquired from the Issue Proceeds, and any delay or cost overrun in procurement or installation may adversely affect its expansion plans, business, financial condition and results of operations.
- The Company is not party to any legal proceeding as on date. However, the company cannot assure that in future the Company, its directors, its Promoters, KMPs and SMPS shall not be party to any litigation, if such proceedings arises it may have a material adverse effect on the company's business, results of operations and financial condition.
- The company is significantly dependent on the company's Promoters and Directors, namely, Pradeep Kumar Verma and Shalini Singh. Any loss of their services could severely disrupt its operations and may have a material adverse effect on the company's business, results of operations, and financial condition.
- The company's manufacturing operations involve inherent risks, and any accident, disruption or failures in the company's facilities may adversely affect its business, financial condition, results of operations and prospects.
- Any deficiencies in the storage, processing, or handling of its raw materials, work-in-progress, or finished products may result in damage to the company's inventories and could adversely affect its business, results of operations, and cash flows.
- The company utilizes advanced technologies in the manufacturing, design, and installation of transformers. Inability to adopt emerging technologies or comply with government-mandated technological requirements could adversely affect its market position.
- If the company is not able to obtain, renew or maintain the company's statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company's business, results of operations and financial condition.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect the company's operations.
- The company's business is dependent on the company's operating facility in Bhiwadi, Rajasthan. The loss or shutdown of its facilities could have a material effect on the company's business, financial condition and results of operations.
- Any shortage or interruption in the supply of electricity or power could disrupt its manufacturing operations and may have an adverse effect on the company's business, results of operations, and financial condition.
- The company's ability to pay dividends in the future will depend on the company's earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- The company relies on third-party transportation services for its logistics needs. Any disruptions in these services could negatively impact the company's operations, business, and financial condition.
- The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- The company's insurance coverage may not fully protect against all operational risks, potentially resulting in significant adverse effects on the company's business.
The Issue type of Accord Transformer & Switchgear Ltd is Book Building - SME.
The minimum application for shares of Accord Transformer & Switchgear Ltd is 6000.
The total shares issue of Accord Transformer & Switchgear Ltd is 5562000.
Initial public offer of up to 55,62,000 equity shares of face value Rs. 10/- each (the "Equity Shares") of Accord Transformer & Switchgear Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 46 per equity share (Including a Securities Premium of Rs. 36 Per Equity Share) ("Issue Price"), aggregating up to Rs. 25.59 Crore (the "Issue") of which up to 2,82,000 equity shares of face value Rs. 10 each aggregating to Rs. 1.30 Crore will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of up to 52,80,000 equity shares of face value of Rs.10/- each at an issue price of Rs. 46 per equity share aggregating up to Rs. 24.29 Crore is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.04% and 25.66% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 46/- per equity share of face value of Rs. 10/- each.
The floor price is 4.60 times of the face value of the equity shares.
Bids can be made for a minimum of 6000 equity shares and in multiples of 3000 equity shares thereafter.