Mumbai, March 2 -- The scrip listed at Rs 50, a 8.70% premium to the issue price. The stock was currently frozen at its upper limit of 5% to the listing price. The stock touched a high of Rs 52.50 and a low of Rs 47.50, with around 29.07 shares changing hands on the counter.

Accord Transformer & Switchgear's IPO was subscribed 332.11 times. The issue opened for bidding on 23 February 2026 and it closed on 25 February 2026. The price band of the IPO was fixed between Rs 43 to Rs 46 per share.

The IPO comprised fresh issue of 55,62,000 equity shares. The company intends to utilise the net proceeds for capital expenditure towards purchase of machinery and equipment, funding of the working capital requirement of the company and general corp...