Comparison between Accord Transformer & Switchgear IPO and PAN HR Solutions IPO.
Accord Transformer & Switchgear IPO is a SME Bookbuilding IPO proposed to list at BSE SME while PAN HR Solutions IPO is a SME Bookbuilding proposed to list at BSE SME.
| Accord Transformer & Switchgear IPO | PAN HR Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Accord Transformer & Switchgear IPO is up to ₹24.29 Cr whereas the issue size of the PAN HR Solutions IPO is up to ₹14.08 Cr. The final issue price of Accord Transformer & Switchgear IPO is ₹46.00 per share and of PAN HR Solutions IPO is ₹78.00 per share.
| Accord Transformer & Switchgear IPO | PAN HR Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹43.00 per share | ₹74.00 per share |
| Issue Price (Upper) | ₹46.00 per share | ₹78.00 per share |
| Issue Price (Final) | ₹46.00 per share | ₹78.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 1600 shares |
| Fresh Issue Size | 52,80,000 shares | 14,20,800 shares |
| Fresh Issue Size (Amount) | up to ₹24.29 Cr | up to ₹11.08 Cr |
| OFS Issue Size | 0 shares | 3,84,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹3.00 Cr |
| Issue Size Total | 52,80,000 shares | 18,04,800 shares |
| Issue Size Total (Amount) | up to ₹24.29 Cr | up to ₹14.08 Cr |
Accord Transformer & Switchgear IPO opens on Feb 23, 2026, while PAN HR Solutions IPO opens on Feb 06, 2026. The closing date of Accord Transformer & Switchgear IPO and PAN HR Solutions IPO is Feb 25, 2026, and Feb 10, 2026, respectively.
| Accord Transformer & Switchgear IPO | PAN HR Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Feb 20, 2026 | Feb 05, 2026 |
| Issue Open | Feb 23, 2026 | Feb 06, 2026 |
| Issue Close | Feb 25, 2026 | Feb 10, 2026 |
| Basis Of Allotment (Tentative) | Feb 26, 2026 | Feb 11, 2026 |
| Initiation of Refunds (Tentative) | Feb 27, 2026 | Feb 12, 2026 |
| Credit of Share (Tentative) | Feb 27, 2026 | Feb 12, 2026 |
| Listing date (Tentative) | Mar 02, 2026 | Feb 13, 2026 |
| Anchor Lockin End date 1 | Mar 27, 2026 | Mar 14, 2026 |
| Anchor Lockin End date 2 | May 26, 2026 | May 14, 2026 |
Accord Transformer & Switchgear IPO P/E ratio is 11.41, as compared to PAN HR Solutions IPO P/E ratio of 8.41.
| Accord Transformer & Switchgear IPO | PAN HR Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 84.94 | 90.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.98 | 62.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.41 | 8.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹94.64 Cr. | ₹56.25 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.90 | 31.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 26 | 38.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.55 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.03 | ₹9.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 28.10 | 27.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Accord Transformer & Switchgear IPO Retail Individual Investors (RII) are offered 18,48,000 shares while in PAN HR Solutions IPO retail investors are offered 18,48,000 shares. Qualified Institutional Buyers (QIB) are offered 10,56,000 shares in Accord Transformer & Switchgear IPO and 3,60,000 shares in PAN HR Solutions IPO.
| Accord Transformer & Switchgear IPO | PAN HR Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,84,000 shares | 5,37,600 shares |
| Market Maker Reservation | 2,82,000 shares | 3,79,200 shares |
| QIB | 10,56,000 shares | 3,60,000 shares |
| NII | 7,92,000 shares | 2,73,600 shares |
| RII | 18,48,000 shares | 6,33,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 52,80,000 shares | 18,04,800 shares |
Accord Transformer & Switchgear IPO subscribed 250.16x in total, whereas PAN HR Solutions IPO subscribed 8.32x.
| Accord Transformer & Switchgear IPO | PAN HR Solutions IPO | |
|---|---|---|
| QIB (times) | 153.01x | 6.57x |
| NII (times) | 606.02x | 25.41x |
| Big NII (times) | 709.68x | 31.65x |
| Small NII (times) | 398.70x | 12.93x |
| RII (times) | 367.59x | 8.99x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 250.16x | 8.32x |
