IPO Guru

IPO Listed — 02 Mar 2026

Listing Price: ₹50

vs Issue Price ₹46 +₹4 (+8.7%)

Accord Transformer & Switchgear SME IPO GMP History | Listing Price ₹50 & Kostak Rate

IPO
Final GMP
₹ 4
9%
Final Kostak
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0
Final Sub. to Sauda
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0

Accord Transformer & Switchgear SME IPO has been listed on March 2, 2026 at a listing price of ₹50, against the issue price of ₹46 — a gain of ₹4 (+8.7%). The GMP peaked at ₹18 on 22 February 2026 and reached a low of ₹4 on 1 March 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.

Accord Transformer & Switchgear SME IPO raised ₹25.59 Cr. through its IPO at a price band of ₹43 to ₹46 per share, with a lot size of 3000 shares. The IPO was open for subscription from 23 Feb 2026 to 25 Feb 2026.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
01 Mar 2026 ₹ 4 9% ₹ 0 ₹ 0
28 Feb 2026 ₹ 4 9% ₹ 0 ₹ 0
27 Feb 2026 ₹ 6 13% ₹ 0 ₹ 13700
26 Feb 2026 ₹ 8 17% ₹ 0 ₹ 27400
25 Feb 2026 ₹ 12 26% ₹ 0 ₹ 27400
24 Feb 2026 ₹ 13 28% ₹ 0 ₹ 29600
23 Feb 2026 ₹ 13 28% ₹ 0 ₹ 29600
22 Feb 2026 ₹ 18 39% ₹ 0 ₹ 22000
21 Feb 2026 ₹ 12 26% ₹ 0 ₹ 22000
20 Feb 2026 ₹ 12 26% ₹ 0 ₹ 22800
19 Feb 2026 ₹ 12 26% ₹ 0 ₹ 27400
18 Feb 2026 ₹ 8 17% ₹ 0 ₹ 0
17 Feb 2026 ₹ 8 17% ₹ 0 ₹ 0

Accord Transformer & Switchgear SME IPO Dates

Event Date
Open Date 23 Feb, 2026
Close Date 25 Feb, 2026
Allotment Date 26 Feb, 2026
Refund Date 27 Feb, 2026
Credit to Demat 27 Feb, 2026
Listing Date 02 Mar, 2026

Accord Transformer & Switchgear SME IPO Actual Listing Price

Basis Value
Issue Price ₹46
GMP-Based Estimate (Pre-Listing) ₹50 (+8.7%)
Actual Listing Price ₹50 (+8.7%)
Listing Gain / Loss +₹4 per share
Listing Date 02 Mar, 2026

Is Accord Transformer & Switchgear SME IPO GMP Reliable?

Grey market premium for Accord Transformer & Switchgear SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:

  • Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
  • Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
  • Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
  • Cross-check before acting: Review the Accord Transformer & Switchgear SME IPO full review for a fundamentals-based assessment before making any grey market trades.

Accord Transformer & Switchgear SME IPO IPO Kostak Rate Explained

The Kostak rate for Accord Transformer & Switchgear SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.

The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.

Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.

About Accord Transformer & Switchgear SME IPO

Accord Transformer & Switchgear Ltd, founded on 20 June 2014 in Manesar, Haryana, launched its IPO on 23 February 2026, closing on 25 February with listing slated for 2 March on BSE SME at a price band of ₹43-₹46 per share. The firm designs, engineers, and manufactures transformers, switchgear, panels, and substations for power distribution, renewables, and infrastructure. With manufacturing in Rajasthan and a corporate office in Gurugram, it holds a strong pan-India presence via ISO-certified facilities and custom solutions.

Frequently Asked Questions about Accord Transformer & Switchgear SME IPO

What is the GMP of Accord Transformer & Switchgear SME IPO?

The current Grey Market Premium (GMP) of Accord Transformer & Switchgear SME IPO is ₹ 4.

What is the Kostak Price of Accord Transformer & Switchgear SME IPO?

Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Accord Transformer & Switchgear SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

What is the Subject to Sauda Price of Accord Transformer & Switchgear SME IPO?

Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

What was the actual listing price of Accord Transformer & Switchgear SME IPO?

Accord Transformer & Switchgear SME IPO listed on March 2, 2026 at ₹50, against the issue price of ₹46 — a gain of +8.7%.

How did the GMP of Accord Transformer & Switchgear SME IPO trend before listing?

The GMP of Accord Transformer & Switchgear SME IPO was stable in its final days before listing. The GMP peaked at ₹18 on 22 February 2026. View the day-wise table above for the complete GMP history.

Explore Accord Transformer & Switchgear SME IPO Further

For a complete picture before making your investment decision, explore these resources:

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