Classic Electrodes (India)
NSE SMEOpen
NSE SMEOpen
IPO Closes in
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IPO Timeline
Issue open date
22 Aug 2025Issue close date
26 Aug 2025UPI mandate deadline
26 Aug 2025Allotment finalization
26 Aug 2025Refund initiation
28 Aug 2025Share credit
29 Aug 2025Listing date
1 Sep 2025Mandate end date
10 Sep 2025Lock-in end date for anchor investors (50%)
26 Sep 2025Lock-in end date for anchor investors (remaining)
25 Nov 2025Grey Market Premium Trend
₹22
Current GMP
₹109
Est. Listing Price
25.3%
Est. Listing Gain
₹82 - ₹87
Price Band
GMP History
| Date | GMP (₹) | Est. Listing Price (₹) | Est. Listing Gain |
|---|---|---|---|
| 21 Aug | ₹22 | ₹109 | 25.29% |
| 20 Aug | ₹22 | ₹109 | 25.29% |
| 19 Aug | ₹22 | ₹109 | 25.29% |
| 18 Aug | ₹22 | ₹109 | 25.29% |
| 17 Aug | ₹22 | ₹109 | 25.29% |
| 16 Aug | ₹18 | ₹105 | 20.69% |
| 15 Aug | ₹18 | ₹105 | 20.69% |
| 14 Aug | ₹18 | ₹105 | 20.69% |
IPO Closes in
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💸
IPO Subscription Status
| Category | Times | Allotment Chances |
|---|---|---|
| HNIs (Total) | 1.42 | 70.4% |
| bHNI | 1.25 | 80.0% |
| sHNI | 1.75 | 57.1% |
| QIBs | 1.03 | 97.1% |
| Retail | 2.61 | 38.3% |
Last updated: 22 August'25 11:14AM
Key Dates
Open
22 Aug 2025Close
26 Aug 2025Listing
1 Sep 2025Quick Stats
Issue Size:41cr
Lot Size:1600 shares
Issue Details
Issue Size:41cr
Face Value:₹10
Listing At:NSE SME
Reservation
50%
QIB
15%
NII
35%
Retail
Additional Resources
About the Company
Classic Electrodes (India), established in 1997, is a manufacturer of welding consumables and engineering solutions serving domestic and international markets. The ISO 9001:2008 certified company operates two manufacturing units in West Bengal and Haryana, producing welding electrodes including general purpose, stainless steel, cast iron, and MIG wires. With Bureau of Indian Standards licensing and DGS&D registration, the company serves industries across construction, manufacturing, and heavy engineering sectors. Classic Electrodes’ 27-year operational experience, product range, and distribution network provide welding solutions to various industrial applications.
Strengths
- Established brand recognition for quality and reliability among industrial users and distributors
- Comprehensive product portfolio includes mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires.
- Modern production facility in West Bengal utilises automated manufacturing processes.
- ISO certifications and quality management systems ensure consistent product standards.
- Established supply chain network and dealer relationships facilitate timely product delivery.
- In-house research and development capabilities support product innovation and customisation.
Risks
- Heavy domestic market dependence creates revenue vulnerability during downturns.
- Customer concentration without long-term contracts poses retention risks.
- Labour-intensive operations face unionisation and cost escalation risks.
- Bank borrowings require covenant compliance affecting financial flexibility.
- Third-party logistics dependency creates supply chain disruption risks.
Classic Electrodes (India) IPO – Frequently Asked Questions
- The price band for the Classic Electrodes (India) IPO is set at ₹82 to ₹87 per share.
- The Classic Electrodes (India) IPO opens on August 22, 2025 and closes on August 26, 2025.
- The tentative listing date for the Classic Electrodes (India) IPO is September 1, 2025.
- You can apply for the Classic Electrodes (India) IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Classic Electrodes (India), enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Classic Electrodes (India) IPO is 1600 shares. Investors must apply for at least one lot (i.e., 1600 shares).