Classic Electrodes IPO Allotment Status: Check Latest GMP, Steps To Verify Status
The bidding window for Classic Electrodes SME IPO was open from August 22, 2025, to August 26, 2025. The basis of allotment will be finalised today, August 28, 2025. Here’s how you can check the allotment status via NSE and Registrar.
Procedure to Check Classic Electrodes IPO Allotment Status on NSE
- Visit the NSE’s IPO allotment verification status page here.
- Select “Equity & SME IPO bid details”.
- In Select Symbol, select “CLASSICEIL”
- Enter your PAN No. and application No.
- Click “Submit”.
Procedure to Check Classic Electrodes IPO Allotment Status on MUFG Intime India Private Limited (Registrar to the issue)
- Click here to visit MUFG Intime’s application status page.
- Under, Please select company, select “ Classic Electrodes”.
- Enter any of the following details.
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- PAN
- App. No.
- DP/Client ID
- Account No / IFSC
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- Click “Submit”.
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IPO Details
The Classic Electrodes IPO is a book-building issue of ₹41.51 crores, comprising entirely a fresh issue of 0.48 crore equity shares. The price band is set at ₹82 to ₹87 per share. The tentative listing date on NSE Emerge is Sep 1, 2025.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, and MUFG Intime India Private Limited is the registrar for the issue.
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Use of Proceeds
The net proceeds from the fresh issue will be used to fund capital expenditure towards the following objectives:
- Purchase Plant and Machinery
- Repayment of outstanding borrowings
- Working capital requirements
- General corporate purposes
Classic Electrodes IPO – Overall Subscription Status
(August 26, 2025, end of the day)
|
Category |
Subscription (times) |
|
Qualified Institutional Investors (QIBs) |
84.88 |
|
Non-Institutional Investors |
356.75 |
|
Individual Investors (IND category bidding for 2 Lots) |
158.44 |
|
Total |
179.97 |
Classic Electrodes IPO GMP Details
As of August 28, 2025, the IPO GMP of Classic Electrodes stood at ₹17. The estimated listing price is ₹104, i.e., a 19.54% gain per share over the upper price band.
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Source: Business Standard Report dated 28 August, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Classic Electrodes Business Overview
Classic Electrodes manufactures welding electrodes and provides engineering solutions to both domestic and international markets. Their product offerings include general-purpose electrodes, low-alloy electrodes, low-hydrogen electrodes, and stainless steel electrodes, among others.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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