Archive · 22 Aug 2025
Classic Electrodes IPO Oversubscribed on First Bidding Day
Classic Electrodes, a company that makes welding supplies, is selling shares to the public through an IPO.
The shares are priced between ₹82 and ₹87 each.
The company makes welding electrodes and other related items.
The IPO aims to raise money for things like buying new equipment, paying off debt, and general business costs.
The IPO has been well-received, with strong demand from investors on the first day.
The estimated listing price is around ₹107, which is higher than the initial price.
The IPO will conclude on August 26.
Classic Electrodes IPO began on August 22 and will conclude on August 26.
The IPO price band is set at ₹82 to ₹87 per equity share.
The company produces welding consumables, like electrodes and MIG wires.
The IPO was oversubscribed 1.62x on the first day.
The Grey Market Premium (GMP) is +20, indicating a potential listing price of ₹107.
- Who
- Classic Electrodes and potential investors.
- What
- Classic Electrodes IPO, an initial public offering of shares.
- When
- Started on August 22 and will conclude on August 26.
- Where
- N/A
- Why
- To raise capital for capital expenditure, settling debts, working capital and general corporate expenses.
- IPO Price Band
- ₹82 to ₹87 per share
- Face Value
- ₹10
- Minimum Bid
- 1,600 shares
- GMP
- +20
- Estimated Listing Price
- ₹107
- Subscription Status (Day 1)
- 1.62x
