Classic Electrodes (India) Ltd.’s IPO is a fresh issue of ₹41.51 crore, with a price band of ₹82–₹87 per share. Bidding opens on August 22, 2025, and closes on August 26, 2025. The shares will be listed on NSE SME on September 1, 2025.
Classic Electrodes IPO – Day 1 Subscription Status
Classic Electrodes IPO subscribed 1.95 times and received 2.70x subscription in the individual investors category, 1.03x in QIB (Ex Anchor), and 1.42x in the NII category on Day 1 i.e. August 22, 2025.
| Investors Category | Subscription (×) |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.03 |
| Non-Institutional Investors (NII) | 1.42 |
| bNII (above ₹10 lakh) | 1.25 |
| sNII (less than ₹10 lakh) | 1.77 |
| Retail Individual Investors (RII) | 2.70 |
| Total Subscriptions | 1.95 |
Total Applications: 1,435
Total Bid Amount: ₹53 Cr.
Objective of the Classic Electrodes IPO
The primary objectives of the IPO are to fund capital expenditures, repay outstanding borrowings, meet working capital requirements, and support general corporate purposes.
| Objects of the Issue | Expected Amount (in Millions) |
|---|---|
| Funding capital expenditure of our company to purchase Plant and Machinery | 100 |
| Repayment of a portion of certain outstanding borrowing availed by the company | 100 |
| Funding the working capital requirements of the company | 166 |
| General Corporate Purposes | – |
Classic Electrodes IPO GMP – Day 1 Update
On August 22, 2025, the IPO showed a Grey Market Premium (GMP) of ₹20, translating to an estimated listing price of ₹107. This resulted in a healthy listing gain of 22.99% for investors, signaling strong market enthusiasm for the IPO.
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| August 22, 2025 (Day 1) | ₹20 | ₹107 | 22.99% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Classic Electrodes (India) Ltd. IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | August 22, 2025 |
| IPO Closing Date | August 26, 2025 |
| Price Band | ₹82–₹87 per share |
| Total Issue Size | ₹41.51 crore (Fresh Issue) |
| Lot Size | 1,600 shares |
| Listing Platform | NSE SME |
| Registrar | MUFG Intime India Pvt. Ltd. |
Important Dates for Classic Electrodes IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | Thu, Aug 28, 2025 |
| Initiation of Refunds | Thu, Aug 28, 2025 |
| Credit of Shares to Demat | Fri, Aug 29, 2025 |
| Listing Date on NSE SME | September 1, 2025 |
Classic Electrodes (India) Ltd. Overview
Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a leading manufacturer of welding consumables, including electrodes and MIG wires, catering to both domestic and international markets. The company offers a wide range of products such as mild steel, stainless steel, cast iron, deep penetration electrodes, and MIG wires for varied industrial applications. With two manufacturing units located in Dhulagarh, West Bengal, and Jhajjar, Haryana, it ensures strong regional coverage and efficient logistics, while the earlier Bahadurgarh unit was closed in FY 2023–24 as part of restructuring.
Easy Steps to Apply for Classic Electrodes IPO via Pocketful
Step 1: Install the Pocketful app from the Play Store or App Store.
Step 2: Complete your KYC process.
Step 3: Go to the IPO section on the app
Step 4: Find “Classic Electrodes” in the IPO list
Step 5: Tap Apply and enter your bid details
Frequently Asked Questions (FAQs)
What are the opening and closing dates of Classic Electrodes IPO?
The IPO opens on August 22, 2025, and closes on August 26, 2025.
What is the price band for the IPO?
The price band is set between ₹82 and ₹87 per share.
What is the issue size of the IPO?
The IPO size is ₹41.51 crore (fresh issue only).
When will the shares be listed?
Shares are expected to be listed on NSE SME on September 1, 2025.
What is the GMP of Classic Electrodes IPO on Day 1?
The GMP at the close of Classic Electrodes IPO on Day 1 was ₹20.
