IPO Details
IPO Open Date
23 Feb 2026
IPO Close Date
25 Feb 2026
Issue Size
Approx ₹26 Crores
Price Band
₹43 to ₹46 Per Share
Listing Price
₹50.00
Listing Percent
8.7%
Important Note
- "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
- The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- Market Maker portion is not included to NII/HNI.
Accord Transformer & Switchgear IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr) | Total Applications |
|---|---|---|---|---|---|
| Anchor | 1 | 15,84,000 | 15,84,000 | ₹ 7.29 | - |
| Market Maker | 1 | 2,82,000 | 2,82,000 | ₹ 1.30 | - |
| QIB (Ex Anchor) | 153.01 | 10,56,000 | 16,15,83,000 | ₹ 743.28 | - |
| NII*** | 606.02 | 7,92,000 | 47,99,70,000 | ₹ 2,207.86 | - |
| bNII (> ₹10L) | 709.68 | 5,28,000 | 37,47,12,000 | ₹ 1,723.68 | - |
| sNII (< ₹10L) | 398.70 | 2,64,000 | 10,52,58,000 | ₹ 484.19 | - |
| Individual Investors | 367.59 | 18,48,000 | 67,93,02,000 | ₹ 3,124.79 | - |
| Total | 357.37 | 36,96,000 | 1,32,08,55,000 | ₹ 6,075.93 | 1,39,976 |
Day-wise Subscription Details (Times)
| Date | QIB (Ex Anchor) | NII | sNII (> ₹10L) | bNII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| 25 Mar 2026 | 153.01 | 606.02 | 709.68 | 398.70 | 367.59 | 357.37 |
| 24 Mar 2026 | 1.08 | 49.47 | 50.73 | 46.93 | 59.74 | 40.78 |
| 23 Mar 2026 | 0.02 | 11.27 | 11.86 | 10.09 | 16.26 | 10.55 |
Note: QIB = Qualified Institutional Buyers, NII = Non-Institutional Investors, sNII = Small NII, bNII = Big NII
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| Market Maker | 2,82,000 | ₹ 1.30 | 5.07% |
| QIB | 26,40,000 | ₹ 12.14 | 47.46% |
| Anchor | 15,84,000 | ₹ 7.29 | 28.48% |
| QIB (Ex Anchor) | 10,56,000 | ₹ 4.86 | 18.99% |
| NII | 7,92,000 | ₹ 3.64 | 14.24% |
| bNII (> ₹10L) | 5,28,000 | ₹ 2.43 | 9.49% |
| sNII (< ₹10L) | 2,64,000 | ₹ 1.21 | 4.75% |
| Retail | 18,48,000 | ₹ 8.50 | 33.23% |
| Total | 55,62,000 | ₹ 25.59 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Total |
|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 10,56,000 | 15,84,000 | 26,40,000 | 2,64,000 | 5,28,000 | 7,92,000 | 18,48,000 | 52,80,000 |
| Allotment price (Rs.) | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 |
| No.of applications | 65 | 6 | 71 | 11,022 | 15,156 | 26,178 | 1,11,517 | 1,37,766 |
| No.of shares applied | 16,12,68,000 | 26,10,000 | 16,38,78,000 | 10,53,45,000 | 37,36,14,000 | 47,89,59,000 | 66,91,02,000 | 1,31,19,39,000 |
| Amount collected (Rs.cr.) | 741.83 | 12.01 | 753.84 | 484.59 | 1,718.62 | 2,203.21 | 3,077.87 | 6,034.92 |
| No.of times subscribed | 152.72 | 1.65 | 62.08 | 399.03 | 707.60 | 604.75 | 362.07 | 248.47 |
| No.of shares allotted | 10,56,000 | 15,84,000 | 26,40,000 | 2,64,000 | 5,28,000 | 7,92,000 | 18,48,000 | 52,80,000 |
| Amount (Rs.cr.) | 4.86 | 7.29 | 12.14 | 1.21 | 2.43 | 3.64 | 8.50 | 24.29 |
| No.of allottees | 59 | 6 | 65 | 29 | 58 | 87 | 8.50 | 460 |
Anchor Investors Allocation
Anchor Bid Date: 20 Feb 2026
Anchor Price: ₹46.00
Anchor as % of QIBs: 60.00%
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
SHINE STAR BUILD-CAP PVT.LTD.
SHINE STAR
|
4,35,000 | ₹ 2.00 | 27.46 | 7.82 |
| 2 |
VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES
VIKASA
|
2,55,000 | ₹ 1.17 | 16.09 | 4.58 |
| 3 |
PESB ALPHA FUND
PESB CAPITAL
|
2,37,000 | ₹ 1.09 | 14.96 | 4.26 |
| 4 |
VISIONARY VALUE FUND
VISIONARY VALUE FUND
|
2,19,000 | ₹ 1.01 | 13.83 | 3.94 |
| 5 |
FINVESTA FIRST
FINVESTA FIRST
|
2,19,000 | ₹ 1.01 | 13.83 | 3.94 |
| 6 |
RAJASTHAN GLOBAL SECURITIES PVT.LTD.
RAJASTHAN GLOBAL SECURITIES
|
2,19,000 | ₹ 1.01 | 13.83 | 3.94 |
| Total | 1,584,000 | ₹ 7.29 | 100% | 28.48% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period