Classic Electrodes IPO Day 1: GMP & Subscription Status

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