Accord Transformer & Switchgear Lists At ₹50 On BSE SME, Hits 5% Upper Circuit At ₹52.50

Share price of Accord Transformer & Switchgear Ltd listed at ₹50.00 on the BSE SME platform on Monday, March 2, 2026 marking a premium of ₹4 or 8.70% over the issue price of ₹46 per share. The stock subsequently rose to ₹52.50, hitting the 5% upper circuit. As of 10:51 IST, it was trading at ₹52.50, up ₹2.50 or 5% from the previous close of ₹46.00, according to exchange data.

The move followed the company’s ₹25.59 crore book-built initial public offering, which comprised entirely a fresh issue of 55,62,000 equity shares.

Listing Price Details And Market Snapshot

The stock opened for trading at ₹50.00 and touched a high of ₹52.50, which also marked its 52-week high. The day’s low stood at ₹47.50 so far.

At 10:51 IST, total traded quantity stood at 28.62 lakh shares, with turnover of ₹14.27 crore. The company’s full market capitalisation was ₹108.01 crore, while free-float market capitalisation was ₹20.51 crore, as per BSE data.

IPO Structure And Issue Parameters

The IPO was open for subscription from February 23 to February 25, 2026. The allotment was finalised on February 26, 2026, and the shares were credited to investors’ demat accounts on February 27, 2026.

The price band was fixed at ₹43 to ₹46 per share, with the issue price set at ₹46 per share. The lot size was 3,000 shares, and investors were required to bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereafter.

Out of the total issue size of 55,62,000 shares aggregating up to ₹26 crore, 2,82,000 shares were reserved for the market maker, while 52,80,000 shares were offered to the public. The pre-issue shareholding stood at 1,50,11,289 shares, which increased to 2,05,73,289 shares post issue.

Company And Issue Background

Accord Transformer & Switchgear operates in the heavy electrical equipment segment and is listed in the ‘MT’ group with T+1 settlement. The face value of each equity share is ₹10.

GYR Capital Advisors Pvt Ltd acted as the book running lead manager to the issue, Kfin Technologies Ltd served as the registrar, and Giriraj Stock Broking Pvt Ltd was appointed as the market maker, as per the offer documents.

Source: https://www.bseindia.com/stock-share-price/accord-transformer–switchgear-ltd/accordts/544710/