Electrical Equipment - Listed on 02 March 2026
Accord Transformer (Electrical Equipment) closed its IPO window in 2026 and listed on NSE and BSE on 02 March 2026 at an upper band issue price of Rs 46, opening at Rs 50 for a listing gain of +8.7% and closing day one at Rs 52.5 (+14.1% on closing basis). The IPO was subscribed 357.45x overall - QIB 153.01x, HNI/NII 606.38x, Retail 367.59x. The total issue size was Rs 25.59 Cr (Fresh Issue Rs 25.59 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Electrical Equipment
Accord Transformer operates in the Electrical Equipment space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Accord Transformer issue was offered at an upper price of Rs 46 and raised approximately Rs 25.59 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 5 | +10.87% |
| Day 2 | Rs 7 | +15.22% |
| Day 3 | Rs 8 | +17.39% |
| Day 4 | Rs 10 | +21.74% |
| Day 5 | Rs 13 | +28.26% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Accord Transformer IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Accord Transformer IPO listed at +8.7% versus the upper issue price of Rs 46 on 02 March 2026.
Accord Transformer IPO was subscribed 357.45x overall. QIB portion was subscribed 153.01x, HNI / NII 606.38x and Retail 367.59x.
IPO GMP started at Rs 5 on Day 1 and moved to Rs 13 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.