Data sourced from BSE · Compiled by IPO Ji · IPO subscription data last updated
Total 357.45x·QIB 153.01x·NII 606.38x·Individual 367.59x
Based on individual subscription by applications (367.59×), approximately 1 in 368 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Accord Transformer & Switchgear Limited SME IPO was subscribed 357.45x in total when bidding closed on Feb 25, 2026, with 153.01x in the QIB category, 606.38x in NII, 367.59x in individual across BSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Feb 23, 2026 to Feb 25, 2026 at a price band of ₹43–₹46 per share. Allotment was finalised on Feb 26, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 1056000 | 161583000 | 153.01 |
| NIIs | 792000 | 480252000 | 606.38 |
| BNIIs (>10L) | 528000 | 374994000 | 710.22 |
| SNIIs (<10L) | 264000 | 105258000 | 398.7 |
| Individual | 1848000 | 679302000 | 367.59 |
| Total | 3696000 | 1321137000 | 357.45 |
| Total Applications1,39,480 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 59 | 15,167 | 257.07 |
| SNIIs (<10L) | 29 | 11,014 | 379.79 |
| Individual | 308 | 1,13,217 | 367.59 |
| Total Applications1,39,480 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 4.86 | 743.28 | 153.01 |
| FIIs | - | 102.38 | - |
| DIIs | - | 43.33 | - |
| Mutual Funds | - | 12.21 | - |
| Others | - | 585.35 | - |
| NIIs | 3.64 | 2209.16 | 606.38 |
| BNIIs (>10L) | 2.43 | 1724.97 | 710.22 |
| SNIIs (<10L) | 1.21 | 484.19 | 398.7 |
| Individual | 8.5 | 3124.79 | 367.59 |
| TOTAL | 17 | 6077.23 | 357.45 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
23 Feb 2026
5:00 PM
|
0.02x |
11.27x
11.86x
10.09x
|
16.26x | 10.55x |
|
Day 2
24 Feb 2026
5:00 PM
|
1.08x |
49.82x
51.27x
46.93x
|
59.74x | 40.86x |
|
Day 3
25 Feb 2026
5:00 PM
|
153.01x |
606.38x
710.22x
398.70x
|
367.59x | 357.45x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 257.07x |
| sHNI | 379.79x |
| Individual | 367.59x |
Because Accord Transformer & Switchgear closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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