Accord Transformer & Switchgear Files IPO to Expand Transformer Manufacturing
INDIA — Accord Transformer & Switchgear (ATS) has announced its Initial Public Offering (IPO) on the BSE SME platform, scheduled for February 23–25, 2026, aiming to raise around $2.82 million (₹25.59 crore) to expand its transformer manufacturing capabilities in Rajasthan.
ATS specializes in Inverter Duty Transformers (IDTs) up to 20 MVA for renewable projects and supplies compact substations for EV charging corridors. The company also manufactures globally certified PrismaSeT low-voltage panels through its Authorized Channel Partner relationship with Schneider Electric, which provides an important quality benchmark for international buyers.
Other offerings include distribution and dry-type transformers, LV/MV control panels, and solar or special-duty transformers, all produced at its Bhiwadi, Rajasthan, facilities equipped with plasma cutting and foil winding equipment.
IPO proceeds will support further investment in manufacturing to meet growing domestic and international transformer demand. The IPO price range is $0.47–$0.51 (₹43–₹46) per share, with a listing expected on March 2, 2026.
Source: IPO Central
