Accord Transformer & Switchgear Lists on BSE SME at ₹46 Issue Price; GMP Suggests Positive Debut

Accord Transformer & Switchgear Ltd, a leading electrical equipment manufacturer, is making its debut today on the BSE SME exchange. The company’s IPO, priced at ₹46 per share, attracted overwhelming investor interest, being subscribed 357 times across categories.

The Grey Market Premium (GMP) of around 9% suggests a positive listing, with shares likely to open above the issue price. The IPO proceeds, totaling ₹26 crore, will be directed toward capital expenditure and working capital needs, strengthening the company’s operational capacity and growth trajectory.

Key Highlights

• IPO Size: ₹26 crore (fresh issue).
• Issue Price: ₹46 per share.
• Subscription: 357 times overall; NIIs 606x, Retail 367x, QIBs 153x.
• Listing Platform: BSE SME.
• GMP Trend: ~9% premium, indicating strong debut.
• Use of Funds: Capital expenditure and working capital.
• Sector: Electrical equipment manufacturing.

With robust investor demand and a healthy GMP, Accord Transformer & Switchgear’s listing is expected to reinforce confidence in SME IPOs, highlighting strong appetite for niche industrial players.

Sources: The Economic Times, NDTV Profit, Chittorgarh