Accord Transformer files for SME IPO, aiming to raise funds via share sale starting Feb. 23, 2026.

Accord Transformer & Switchgear Limited has filed its Red Herring Prospectus with the Haryana Registrar of Companies, paving the way for a planned SME IPO starting February 23, 2026. The company aims to raise funds through a fresh issue of up to 55.62 lakh equity shares at ₹10 each via book-building. Shares will be allocated to Qualified Institutional Buyers, Non-Institutional Investors, and Individual Investors, with a portion reserved for the Market Maker. Anchor investors can bid starting February 20. The IPO closes on February 25, and shares are expected to list on the BSE SME platform. Pricing details will be announced prior to the issue.