Accord Transformer & Switchgear SME IPO Subscription Status
Accord Transformer & Switchgear SME IPO closed on 25 February 2026 with an overall subscription of 357.45x based on shares applied. QIB demand came in at 153.01x, NII at 606.38x, and retail at 367.59x.
Allotment will be finalised on 26 February 2026. The stock is scheduled to list on NSE and BSE on 2 March 2026.
Issue Price
Rs 46.00
GMP Today
Rs 4.00 (+8.70%)
Overall Subscription
357.45x
Issue Size
₹24.29 Cr
Allotment Date
26 Feb 2026
Listing Date
2 Mar 2026
Accord Transformer & Switchgear SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 46.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 4.86 Cr | Rs 743.28 Cr | 153.01x |
| FII | - | Rs 102.38 Cr | - |
| DFI | - | Rs 43.33 Cr | - |
| Mutual Funds | - | Rs 12.21 Cr | - |
| Other | - | Rs 585.35 Cr | - |
| NII | Rs 3.64 Cr | Rs 2,209.16 Cr | 606.38x |
| bNII (above Rs 10L) | Rs 2.43 Cr | Rs 1,724.97 Cr | 710.22x |
| Corporate | - | Rs 23.42 Cr | - |
| Individual | - | Rs 1,687.23 Cr | - |
| Other | - | Rs 14.32 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.21 Cr | Rs 484.19 Cr | 398.70x |
| Corporate | - | Rs 6.57 Cr | - |
| Individual | - | Rs 470.10 Cr | - |
| Other | - | Rs 7.52 Cr | - |
| IND | Rs 8.50 Cr | Rs 3,124.79 Cr | 367.59x |
| Fixed price | - | Rs 3,124.79 Cr | - |
| Total | Rs 17.00 Cr | Rs 6,077.23 Cr | 357.45x |
Accord Transformer & Switchgear SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 352 | 82 | 0.23x |
| FII | - | 15 | - |
| DFI | - | 4 | - |
| Mutual Funds | - | 3 | - |
| Other | - | 60 | - |
| NII | 88 | 26,181 | 297.51x |
| bNII (above Rs 10L) | 59 | 15,167 | 257.07x |
| Corporate | - | 196 | - |
| Individual | - | 14,842 | - |
| Other | - | 129 | - |
| sNII (Rs 2L to Rs 10L) | 29 | 11,014 | 379.79x |
| Corporate | - | 156 | - |
| Individual | - | 10,698 | - |
| Other | - | 160 | - |
| IND | 308 | 1,13,217 | 367.59x |
| Fixed price | - | 1,13,217 | - |
| Total | 748 | 1,39,480 | 186.47x |
What Do These Subscription Numbers Mean?
A subscription of 357.45x by shares means the IPO received bids for 357 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 153.01x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 153.01x, it reflects serious institutional conviction.
NII at 297.51x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 257.07x and sNII at 379.79x by applications. Share subscription was 606.38x. Allotment uses application count, not share volume.
At 367.59x subscription by applications, approximately 1 in 368 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Accord Transformer & Switchgear SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 367.59x.
- •Allotment odds: about 1 in 368 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 379.79x.
- •Allotment odds: about 1 in 380 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 398.70x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 257.07x.
- •Allotment odds: about 1 in 257 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 710.22x. Allotment uses application count, not share volume.
Check the Accord Transformer & Switchgear SME IPO Allotment Status page from 26 February 2026 for your allotment result.
Accord Transformer & Switchgear SME IPO GMP After Subscription
GMP for Accord Transformer & Switchgear SME stands at Rs 4.00 today, giving an estimated listing price of Rs 50.00 per share.
The GMP has been mixed from Rs 8.00 on 17 Feb 2026 to Rs 8.00 on 26 Feb 2026.
A subscription of 357.45x combined with a GMP of 8.70% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Accord Transformer & Switchgear SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Accord Transformer & Switchgear SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Feb 2026 | 0.02x | 11.27x | 16.26x | 10.55x |
| Day 2 - 24 Feb 2026 | 1.08x | 49.47x | 59.74x | 40.78x |
| Day 3 - 25 Feb 2026 | 10.82x | 115.72x | 111.85x | 83.81x |
Accord Transformer & Switchgear SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 February 2026 |
| IPO Close Date | 25 February 2026 |
| Allotment Date | 26 February 2026 |
| Refund Initiation | 27 February 2026 |
| Share Credit to Demat | 27 February 2026 |
| Listing Date | 2 March 2026 |
| Minimum Investment | Rs 2,76,000.00 |
| Lot Size | 3000 shares |
About Accord Transformer & Switchgear SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Accord Transformer & Switchgear SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Accord Transformer & Switchgear SME IPO Allotment Status
Check allotment result on allotment date
Accord Transformer & Switchgear SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Accord Transformer & Switchgear SME IPO Subscription FAQs
What is Accord Transformer & Switchgear SME IPO subscription status today?
Accord Transformer & Switchgear SME IPO subscription closed on 25 February 2026 with overall subscription of 357.45x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 153.01x, NII 297.51x, IND 367.59x.
What is the overall subscription of Accord Transformer & Switchgear SME IPO?
Accord Transformer & Switchgear SME IPO is subscribed 357.45x overall by shares at close on 25 February 2026. QIB 153.01x, NII 297.51x, and IND 367.59x.
What is Accord Transformer & Switchgear SME IPO QIB subscription?
Accord Transformer & Switchgear SME IPO QIB (Qualified Institutional Buyers) subscription is 153.01x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Accord Transformer & Switchgear SME IPO IND subscription?
Accord Transformer & Switchgear SME IPO IND subscription is 367.59x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Accord Transformer & Switchgear SME IPO NII subscription?
Accord Transformer & Switchgear SME IPO NII (Non-Institutional Investors) subscription is 297.51x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Accord Transformer & Switchgear SME IPO for retail?
At 367.59x subscription by applications, approximately 1 in 368 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Accord Transformer & Switchgear SME IPO allotment date?
Accord Transformer & Switchgear SME IPO allotment date is 26 February 2026. Check Accord Transformer & Switchgear SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Accord Transformer & Switchgear SME IPO subscription close?
Accord Transformer & Switchgear SME IPO subscription closed on 25 February 2026. No new applications are accepted after the close.
What is Accord Transformer & Switchgear SME IPO GMP today?
Accord Transformer & Switchgear SME IPO GMP is ₹4 today (+8.70% over issue price ₹46). See live GMP on the Accord Transformer & Switchgear SME IPO GMP Today page.
What is Accord Transformer & Switchgear SME IPO issue price and lot size?
Accord Transformer & Switchgear SME IPO issue price is ₹46 per share. Lot size is 3000 shares. Minimum investment is ₹2,76,000 per lot (minimum 2 lots for SME). Issue size: ₹24.29 Cr.
When is Accord Transformer & Switchgear SME IPO listing date?
Accord Transformer & Switchgear SME IPO listing date is 2 March 2026 on NSE and BSE. Allotment is on 26 February 2026.
How does subscription affect Accord Transformer & Switchgear SME IPO allotment?
Allotment odds in Accord Transformer & Switchgear SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 297.51x by applications means roughly 1 in 298 for minimum-lot bids; bNII at 257.07x (~1 in 257). At 357.45x overall, competition is very high.
For allotment results from 26 February 2026, visit the Accord Transformer & Switchgear SME IPO Allotment Status page. For listing day updates on 2 March 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.