Classic Electrodes (India) Limited, a leading manufacturer of welding electrodes with over 27 years of industry experience, has successfully concluded its Initial Public Offering (IPO) with record-breaking investor demand. The IPO witnessed a massive subscription of 54.25 times on the final day, reflecting strong confidence among investors across categories.

About the Company

Classic Electrodes (India) is engaged in the manufacturing of a wide range of welding electrodes and providing engineering solutions both in the domestic and international markets. With nearly three decades of operations, the company has built a robust reputation for quality and reliability. Its product portfolio includes:

• General Purpose Electrodes

• Low Alloy Electrodes

• Low Hydrogen Electrodes

• Stainless Steel Electrodes

• Hard Facing Electrodes

• Cast Iron Electrodes

• Non-Ferrous Electrodes

• Low Heat Input Electrodes

• Cutting and Gauging Electrodes

• Mig Wires

The company caters to a diverse set of industries requiring reliable welding solutions, strengthening its positioning in both domestic manufacturing and international trade.

IPO Details

The Classic Electrodes (India) IPO was a Book Built Issue worth ₹41.51 Crores, consisting entirely of a Fresh Issue of 47.71 Lakh equity shares.

• IPO Opening Date: 22 August 2025

• IPO Closing Date: 26 August 2025

• Allotment Date: 28 August 2025 (Thursday)

• Listing Date (Tentative): 1 September 2025 (Monday)

• Exchange: NSE SME

Price Band: ₹82 to ₹87 per equity share
Market Capitalisation at upper band: ₹156.30 Crores
Lot Size: 1,600 shares
Minimum Investment (Retail): 2 lots = 3,200 shares = ₹2,78,400

Lead Managers and Registrars

The IPO was managed by GYR Capital Advisors Private Limited as the Book Running Lead Manager, with MUFG Intime India Private Limited acting as the Registrar. Market making responsibilities were handled by Winance Financial Services Private Limited and Giriraj Stock Broking Private Limited.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Classic Electrodes IPO stood at ₹18 as of 19 August 2025. Based on the IPO price of ₹87, this suggests an expected listing price of ₹105, reflecting a potential 20.68% listing gain for investors.

It is important to note that the GMP is an unregulated indicator and depends on demand and supply in the grey market. While it gives an early signal of market sentiment, actual listing gains may vary.

Subscription Status

The IPO witnessed remarkable oversubscription, reflecting strong demand from all investor categories:

• Overall Subscription: 54.25 times

• Retail Investors: Subscribed multiple times

• Non-Institutional Investors (NIIs): Very high demand

• Qualified Institutional Buyers (QIBs): Strong participation

This massive oversubscription indicates high investor confidence in the company’s growth potential.

Anchor Investors Report

Prior to opening for the public, Classic Electrodes raised ₹11.70 Crores from Anchor Investors at the upper price band of ₹87 per share.

The company allocated 13,45,600 equity shares to anchor investors in consultation with the Book Running Lead Managers. This early anchor investment added credibility and boosted investor sentiment ahead of the IPO.

Day-Wise GMP Trend

As of 19 August 2025, the IPO GMP data indicated the following:

• IPO Price: ₹87

• Expected Listing Price: ₹105

• GMP: ₹18 (20.68%)

• Last Updated: 07:00 PM; 19 August 2025

IPO Allotment Guide

The allotment for Classic Electrodes IPO is expected to be finalized on 28 August 2025. Investors can check their status online by:

1. Visiting the registrar’s website.

2. Selecting "Classic Electrodes (India) Limited IPO" from the dropdown.

3. Entering application number, PAN, or DP Client ID.

4. Submitting details to view allotment status.

Objectives of the IPO

The net proceeds from the IPO will be utilized for the following objectives:

1. Capital Expenditure: ₹147.49 Lakh for purchasing Plant and Machinery.

2. Debt Repayment: ₹1,000.00 Lakh towards repayment of outstanding borrowings.

3. Working Capital Requirements: ₹1,660.00 Lakh to strengthen operational liquidity.

4. General Corporate Purposes: To support overall business expansion and growth.

Growth Outlook

With the growing infrastructure, construction, and manufacturing sectors in India, demand for welding solutions is on the rise. Classic Electrodes (India), with its strong brand presence, wide product range, and international reach, is well-positioned to benefit from this demand surge.

The successful oversubscription, healthy GMP, and anchor investor participation reflect positive sentiment towards the IPO. However, investors should also assess industry risks, competition, and raw material cost fluctuations before making long-term investment decisions.

The Upcoming IPOs in this week and coming weeks are Amanta Healthcare, Rachit Paints, Abril Paper Tech, Sneha Organics, Sugs Lloyd, .

The Current active IPO are Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Vikran Engineering, Shivashrit Foods, Anondita Medicare, Classic Electrodes (India).

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