Accord Transformer & Switchgear IPO Subscription Status
Accord Transformer & Switchgear IPO was subscribed 332.11 times when bidding closed on 25 Feb 2026: QIB 153.01x, NII 447.16x, Retail 367.59x.
The Accord Transformer & Switchgear IPO has been subscribed 332.11x times overall. Retail investors have shown interest with bids for 367.59x the shares available. The Non-Institutional Investor (NII) category has been subscribed 447.16x. Qualified Institutional Buyers (QIBs) have subscribed 153.01x. Data last updated on 25 Aug, 12:55 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 23 Feb, 2026 and closes on 25 Feb, 2026. The shares are expected to list on stock exchanges on 02 Mar, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 16,15,83,000 of 10,56,000 | 153.01x |
| NII | 48,02,52,000 of 10,74,000 | 447.16x |
| Retail | 67,93,02,000 of 18,48,000 | 367.59x |
| TOTAL | 1,32,11,37,000 | 332.11x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 576 | 1,12,056 | 194.54x | |
| TOTAL (EST.) | 1,12,056 |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 368 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 153.01x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
25 Feb 2026
Day 3 |
332.11x | ▼ | |
|
QIB153.01x
NII447.16x
Retail367.59x
|
|||
|
24 Feb 2026
Day 2 |
37.96x | ▼ | |
|
QIB1.08x
NII36.74x
Retail59.74x
|
|||
|
23 Feb 2026
Day 1 |
9.8x | ▼ | |
|
QIB0.02x
NII8.31x
Retail16.26x
|
|||
Accord Transformer & Switchgear SME IPO dates
From the bidding window to listing. Today is 13 October.
- Open 23 Feb 2026
- Close 25 Feb 2026
- Allotment 26 Feb 2026
- Refund/credit 27 Feb 2026
- Listing 02 Mar 2026
Accord Transformer & Switchgear IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Accord Transformer & Switchgear IPO?
As of IPO close date (25 Feb, 2026), the Accord Transformer & Switchgear IPO is subscribed 332.11x times. Retail category is 367.59x, and NII is 447.16x subscribed.
When is the allotment date for Accord Transformer & Switchgear IPO?
The allotment for Accord Transformer & Switchgear IPO is expected to be finalized on 26 February, 2026.
What is the GMP of Accord Transformer & Switchgear?
The Grey Market Premium (GMP) for Accord Transformer & Switchgear is currently ₹4, indicating a potential listing gain of 9%.
When will Accord Transformer & Switchgear IPO list on the stock market?
Accord Transformer & Switchgear is scheduled to list on BSE and NSE on 02 March, 2026.
What are the chances of getting allotment in Accord Transformer & Switchgear IPO?
The retail category is oversubscribed at 367.59x, meaning allotment is by lottery. Statistically, approximately 1 in 368 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 153.01x mean for Accord Transformer & Switchgear IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 153.01x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Accord Transformer & Switchgear IPO allotment status?
After the allotment date (26 Feb, 2026), you can check your Accord Transformer & Switchgear IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Accord Transformer & Switchgear SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
