Accord Transformer & Switchgear Ltd.’s ₹25.6 crore SME IPO witnessed massive investor demand, subscribed over 350 times. The allotment was finalized on February 26, with listing scheduled for March 2 on BSE SME. Grey Market Premium (GMP) trends suggest strong investor sentiment, reflecting confidence in the company’s growth prospects.
Accord Transformer & Switchgear Ltd., a leading manufacturer of electrical power and distribution equipment, recently closed its SME IPO with overwhelming investor interest. The issue, open from February 23 to 25, raised ₹25.6 crore through a fresh issue of 56 lakh shares.
The IPO was subscribed 357.37 times, with retail investors showing extraordinary enthusiasm. Ahead of listing, the Grey Market Premium (GMP) indicates positive traction, hinting at a healthy debut on the BSE SME exchange.
Key Highlights
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IPO Size: ₹25.6 crore (fresh issue of 56 lakh shares).
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Price Band: ₹43–₹46 per share.
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Subscription: 357.37 times overall; retail portion 367.59 times.
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Allotment Date: February 26, 2026.
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Listing Date: March 2, 2026 on BSE SME.
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GMP Trend: Trading at a premium of around ₹6, signaling strong investor confidence.
This IPO reflects the growing appetite for SME listings in India, with Accord Transformer & Switchgear positioned to benefit from rising demand in the power and distribution sector.
Sources: NDTV Profit, Mint, Chittorgarh