Classic Electrodes (India) came to market through an SME IPO that opened on 22 August 2025 and closed on 26 August 2025, and the shares listed on 1 September 2025 on NSE SME. The price band was ₹82 to ₹87 per share and one lot was 1600 shares, so the minimum application was ₹1,39,200. The issue size was ₹41.51 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Private Limited was the registrar to the issue, and GYR Capital Advisors Private Limited was the lead manager.
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Founded in 1997 and having its headquarters in Kolkata, West Bengal, Classic Electrodes (India) Limited is a well-known Indian manufacturer dealing in welding consumables, such as electrodes and MIG wires.The firm produces welding electrodes and offers engineering solutions to national and overseas consumers.Classic Electrodes deals in a wide variety of welding consumables for use in different industrial processes. Their products include: Mild Steel Electrodes: Ideal for general-purpose welding operations. Stainless Steel Electrodes: Specially designed for resistance welding applications against corrosion.
Cast Iron Electrodes: Suitable for fixing cast iron parts. Deep Penetration Electrodes: Specially developed for heavy-duty welding needs. MIG Wires: Applied in metal inert gas welding operations. The company operates two units of manufacturing: Unit I at Dhulagarh, West Bengal, and Unit II at Jhajjar, Haryana. Unit III was previously in Bahadurgarh, Haryana, and closed in FY 2023-2024.
Units are strategically positioned within West Bengal to facilitate access through numerous modes of transportation for effective distribution of products, procurement of raw materials, and customer accessibility. On July 31, 2024, the company had 78 permanent employees.
As described in the offer document.
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s Alltime Suppliers Private Limited. Promoter holding 97.73% before the issue and 71.77% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Classic Electrodes (India) IPO was a ₹41.51 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹82–₹87 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,78,400). The IPO was open from August 22 to August 26, 2025 and was subscribed 180.01x. Shares listed on NSE SME on September 1, 2025 at ₹100, a 14.9% premium to the issue price of ₹87.
MUFG Intime India Private Limited is the registrar. GYR Capital Advisors Private Limited is the book running lead manager.
The price band of Classic Electrodes (India) IPO is ₹82 to ₹87 per share.
The lot size of Classic Electrodes (India) IPO is 1600 shares.
The minimum investment for Classic Electrodes (India) IPO is approximately ₹2,78,400 based on the upper price band.
The allotment date of Classic Electrodes (India) IPO is Aug 28, 2025.
Classic Electrodes (India) IPO's final recorded GMP before listing was ₹13 per share (a 15% premium over the ₹87 upper price band). The shares listed at ₹100. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Classic Electrodes (India) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Classic Electrodes (India) IPO allotment status on Rupix for quick and easy access.
₹82 to ₹87 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,39,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,39,200, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 22 August 2025 and closed on 26 August 2025.
The basis of allotment was published on 28 August 2025 by MUFG Intime India Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 September 2025 on NSE SME.
The issue size was ₹41.51 crore. The fresh issue was 47,71,200 shares (aggregating up to ₹41.51 crore).