Accord Transformer And Switchgear Limited
ListedSMEIndustrials & Electrical · BSE
Accord Transformer & Switchgear Ltd., incorporated in 2014, is an experienced company involved in designing, engineering, manufacturing, and supplying a wide range of electrical power and distribution equipment for sectors such as power transmission and distribution, renewable energy, industries, infrastructure projects, and EV charging networks. The company offers products including distribution, power, dry-type, and special-purpose transformers, along with LV and MV control panels, switchgear, package substations, busducts, and customized control panels developed in collaboration with Schneider Electric. Accord operates two well-equipped manufacturing units in Bhiwadi, Rajasthan, supported by advanced machinery and in-house testing facilities, while its registered office is in Manesar, Haryana, and as of December 31, 2025, the company employed 114 permanent staff members.
Price Band
₹43 – ₹46
Issue Size
₹556.20 L Cr
Lot Size
3000 shares
GMP
₹3
+6.5%
Est. Listing
₹49
at current GMP
Subscribed
357.45x
overall
Open
23 Feb 2026
Close
25 Feb 2026
Allotment
26 Feb 2026
Refund
27 Feb 2026
Demat Credit
28 Feb 2026
Listing
2 Mar 2026
Last updated 7 months ago
Overall Subscription
357.45x
Total Demand
QIB Multiplier
153.01x
Institutions & Funds
NII / HNI
606.38x
High Net-Worth
Retail (RII)
367.59x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,056,000 | 161,583,000 | 153.01x |
| NIB | 792,000 | 480,252,000 | 606.38x |
| HNIs(10L +) | 528,000 | 374,994,000 | 710.22x |
| HNIs (2-10L) | 264,000 | 105,258,000 | 398.70x |
| RETAIL | 1,848,000 | 679,302,000 | 367.59x |
| Total | 4,488,000 | 1,801,389,000 | 357.45x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 82 | 0.00x |
| NIB | — | 26,181 | 0.00x |
| RETAIL | 308 | 113,217 | 367.59x |
| HNIs(10L +) | 59 | 15,167 | 257.07x |
| HNIs (2-10L) | 29 | 11,014 | 379.79x |
| Total Applications | 396 | 165,661 | 418.34x |
Day-Wise Subscription Progress
About Accord Transformer And Switchgear Limited Public Issue & Market Profile
Accord Transformer And Switchgear Limited is bringing an initial public offering (IPO) in the Industrials & Electrical sector with an aggregate issue size of ₹55,62,000 Crores. The shares are offered at a price band of ₹43 to ₹46 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2026-02-25, the basis of allotment is scheduled to be finalized on 2026-02-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is the issue size and price band for Accord Transformer And Switchgear Limited IPO?
The Accord Transformer And Switchgear Limited IPO aggregate issue size is ₹55,62,000 Crores with an equity price band set at ₹43 to ₹46 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,38,000.
How can I check Accord Transformer And Switchgear Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Accord Transformer And Switchgear Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-02-26.