Pradeep Kumar Verma and Shalini Singh, Promoters of Accord Transformer & Switchgear Limited, and Om Prakash and Amit Chauhan, Promoters of Kiaasa Retail Limited, close February 25 book building issues before entry on BSE SME Platform
Mumbai, March 2, 2026: Accord Transformer & Switchgear Limited and Kiaasa Retail Limited have completed their public issues and moved to the BSE SME Platform as the 708th and 709th listed companies respectively.
Headquartered in Manesar, Haryana, Accord Transformer & Switchgear Limited operates in the design, engineering, manufacturing and supply of electrical power and distribution transformers and related equipment. Its portfolio includes distribution transformers, power transformers, dry type transformers, package substations, special purpose transformers, low voltage control panels, medium voltage and vacuum circuit breaker panels, busducts, cable trays and associated switchgear assemblies.
The company serves clients across power transmission and distribution, renewable energy, industrial applications, infrastructure projects and electric vehicle charging networks. It operates two manufacturing facilities in Bhiwadi, Rajasthan and has entered strategic collaborations with SGB SMIT GmbH, Lucy Electric India Private Limited and Schneider Electric India Private Limited to strengthen its technical capabilities and expand its product portfolio.
The IPO was a book building issue comprising a fresh issue of 55.62 lakh equity shares priced at ₹46 per share, aggregating to ₹25.59 crore. The issue closed on February 25, 2026. Proceeds will be utilised towards capital expenditure for machinery and equipment and to meet enhanced working capital requirements.
Kiaasa Retail Limited, headquartered in Ghaziabad, Uttar Pradesh, operates in the women’s ethnic wear segment under the brand Kiaasa. Its product portfolio includes salwar kameez, lehengas, jewellery, bags and scarves. The company acquired the brands U Women in 2021 and LAABHA in 2022 to expand its footprint in South India and Delhi NCR.
Kiaasa Retail follows an omni channel retail model and manages 124 exclusive brand outlets across 70 cities through franchise owned franchise operated, company owned company operated and franchisee invested company operated formats. It has also introduced a value retail concept called Nine99 Store to monetise surplus inventory.
The company’s IPO comprised a fresh issue of 54.90 lakh equity shares priced at ₹127 per share, aggregating to ₹69.72 crore. The issue closed on February 25, 2026. A portion of the net proceeds will be used to open 41 new stores in fiscal 2026 and 20 additional stores in fiscal 2027, including fit out costs, security deposits and inventory.
BSE continues to serve as a capital raising platform for small and medium enterprises across sectors, supporting manufacturing, retail and emerging growth businesses.
At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
2 Comments