The electrical equipment market is expected to rise from USD 1,667.51 billion in 2024 to USD 1,752.23 billion in 2025, showing a steady 5.1% annual growth rate. This is an advantage to Accord Transformer & Switchgear, and it will be making its debut soon in the Indian share market.
GYR Capital Advisors will be handling the IPO, and Kfin Technologies will do the allotment registration. Find out the Accord Transformer & Switchgear Tech IPO allotment status.
For offering details, you can find out in the Accord Transformer & Switchgear Limited DRHP.
Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Here's a complete Accord Transformer & Switchgear IPO review.
Accord Transformer & Switchgear filed the DRHP with SEBI on September 30, 2025. Check the IPO dates as soon as they are released.
The important risks and strengths are mentioned below:
Experience in Making Best Quality Products: The company has years of hands-on experience in making transformers and switchgear, which helps them maintain trust among industrial, commercial, and utility clients.
Big Product Range: They offer distribution transformers, power transformers, and control panels.
Quality and Testing: Their manufacturing setup follows strict quality standards and includes in-house testing facilities.
Good Customer Relationships: The company has long-term relationships with contractors, EPC players, and government departments.
Risks
Dependence on a Few Big Customers: A large share of their revenue comes from only a handful of clients. If even one major customer reduces orders or switches suppliers, it could hurt their sales and cash flow badly.
Challenges with Leased Manufacturing Space: One of their production units runs from a rented property. If the landlord ends the lease or refuses renewal, they may need to shift operations, causing delays and higher costs.
Strict Delivery Requirements: They make complex products that must meet tight specifications. Any error in quality or late delivery can lead to cancelled orders.
Risk from Design or Engineering Mistakes: Their business depends on accurate product design. If there is any mistake in drawings, testing, or specifications, it can impact production.
As of November 17, 2025, the Accord Transformer & Switchgear IPO Ltd GMP has not been updated. You can view the IPO's live GMP and the subscription status. Also, check the Accord Transformer & Switchgear DRHP before you click on the Apply Now button.
1. How is the Accord Transformer & Switchgear IPO review?
Accord Transformer & Switchgear Limited is the manufacturer of transformers, control panels, and distribution equipment. The total IPO size and the listing date are unknown. For the latest details, you can also look for the GMP updates.
2. What is the Accord Transformer & Switchgear IPO date?
The IPO open and the close date are not available as of 17 November 2025. Live subscription details can be monitored through FinnPick.
3. What is the Accord Transformer & Switchgear IPO price?
The Accord Transformer & Switchgear Limited IPO share price is unavailable as of November 17, 2025. Don't forget to check the Accord Transformer & Switchgear IPO news.
4. Do I need a demat account to bid for the Accord Transformer & Switchgear Limited IPO?
Yes, a demat account is required to bid for the Accord Transformer & Switchgear Limited IPO. Click here to get the ultimate list of the top demat account providers.
