Accord Transformer and Switchgear Allocations to be Finalized Today: How to Verify Your Status

Accord Transformer & Switchgear IPO Allotment Status

Key Highlights

• The allotment status for Accord Transformer & Switchgear's IPO is expected to be finalized on February 26.
• The IPO received a strong response, being subscribed 357 times, with the retail investor segment oversubscribed 357.37 times.

IPO Details

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• The ₹25.59 crore IPO had a price band of ₹46 per share.
• The company plans to utilize the net proceeds from the IPO to meet working capital requirements and for general corporate purposes.

Allotment and Refund Process

• Shares will be allocated to retail individual investors (RIIs) on a proportional basis due to high retail oversubscription.
• Investors who do not receive an allotment can expect the refund process to start on February 27, 2026.
• Shares allotted will be credited to investors' demat accounts on the same day as the refunds.

Listing and Grey Market Premium

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• The SME IPO is expected to be listed on the BSE SME platform on March 02, 2026.
• The grey market premium (GMP) for the IPO stands at ₹8 per share, indicating a potential premium of 8.75% over the issue price.

Checking Allotment Status

• Investors can check their allotment status through the registrar, Kfin Technologies, or on the Bombay Stock Exchange (BSE).
• Steps to check the allotment status online are provided below:

Steps to Check Allotment Status on the Registrar's Website

1. Visit the IPO registrar’s website: https://ipostatus.kfintech.com/
2. Choose ‘Accord Transformer & Switchgear’ in the Select IPO dropdown menu
3. Select either Application No., Demat Account, or PAN
4. Enter the details as per the option selected
5. Enter the CAPTCHA code and click on Submit
6. Your allotment status will be displayed on the screen.

Steps to Check the IPO Allotment on the BSE Website

1. Visit the allotment page on BSE's official website: https://www.bseindia.com/investors/appli_check.aspx
2. Under ‘Issue Type,’ select ‘Equity.’
3. Choose the IPO from the drop-down option under ‘Issue Name.’
4. Enter the PAN or application number.
5. Click on ‘I am not a robot’ to confirm your identity, then hit the ‘Submit’ button.
6. The allotment status will appear on your screen.

About Accord Transformer & Switchgear

• The company is engaged in the design, engineering, manufacturing, and supply of a diversified range of electrical power and distribution equipment.
• With over 10 years of experience, the company caters to the standard and customized requirements of clients across various sectors, including power transmission and distribution, renewable energy, industrial applications, infrastructure projects, and electric vehicle (EV) charging networks.