IPO Details
- IPO Price Band: ₹82 to ₹87 per share
- Issue Size: Approximately ₹41.51 crores
- Listing Date: September 1, 2025, on NSE SME
- Face Value: ₹10 per equity share
- Lot Size: 1,600 shares (minimum bid quantity is 3,200 shares)
IPO Timeline
- IPO Open Date: August 22, 2025
- IPO Close Date: August 26, 2025
- Basis of Allotment: August 28, 2025
- Refund Initiation: August 28, 2025
- Credit to Demat Account: August 29, 2025
Investment Details
- Expected Returns: Around 25%
- Current GMP: ₹22
- Subject to Sauda Rate: ₹26,800
Company Overview
Classic Electrodes specializes in manufacturing welding electrodes and providing engineering solutions to clients in both domestic and international markets.
Use of IPO Proceeds
Unfortunately, the exact use of IPO proceeds isn’t specified in the available data. However, typically, companies use IPO funds for expansion, debt repayment, working capital, and other corporate purposes.
GMP and Listing
The current Grey Market Premium (GMP) for Classic Electrodes IPO is ₹22, indicating a potential listing gain of around 25%. Keep in mind that GMP is subject to change and may not accurately predict the listing price.
- Total profit 35200 ( 25% samthing )