Accord Transformer Switchgear Ltd Opens SME IPO with Rs. 25.59 Crore Offer

Accord Transformer Switchgear Ltd launched its SME IPO on February 23, offering 55.62 lakh fresh equity shares at a price band of Rs. 43 to Rs. 46 per share, aiming to raise Rs. 25.59 crore. The issue includes a reservation for anchor investors and market makers, with a minimum bid of 6,000 shares. Proceeds will fund machinery purchases, working capital, and corporate purposes. Share allotment is expected by February 26, with shares credited by February 27.