Classic Electrodes IPO Subscription Status
Classic Electrodes IPO subscribed over 15.68x on its Second day till 05.00 PM on 25th August 2025.
- Classic Electrodes IPO subscription QIB investors’ portion is 3.01x times, while NII subscribed 20.30x times, and RII investors subscribed 20.94x times.
- The company has received bids for 4,93,42,400 shares against 31,47,200 shares on offer on the Second day.
- Classic Electrodes IPO subscribed over 15.68x times on day 2.
- Classic Electrodes IPO subscribed over 1.98x times on day 1.
About Classic Electrodes IPO
Classic Electrodes (India) Limited is one of the leading companies, founded in 1997, involved in the manufacturing of welding consumables, including electrodes and MIG wires. Classic Electrodes is involved in offering engineering solutions to domestic and international customers. The company includes 78 permanent employees as of July 31, 2024.
Classic Electrodes makes a wide range of welding consumables, including mild steel, stainless steel, cast iron, and deep penetration electrodes, as well as MIG wires for various industrial welding needs. It comprises 2 manufacturing units, 1 unit in Dulagarh, West Bengal, and Unit 2 in Jhajjar, Haryana. While in FY23-24, its 3 units closed. These units are located in West Bengal, giving easy access to transport, raw materials, and customers for smooth operations.
Classic Electrodes IPO Company Financial Report
The company reported revenue of ₹194.41 crores in 2024 against ₹151.13 crores in 2023. The company reported a profit of ₹12.28 crores in 2024 against a profit of ₹2.08 crores in 2023.
Classic Electrodes IPO GMP
Classic Electrodes IPO GMP was ₹20 as of Monday, 25th August. That indicates the IPO is trading at ₹107 with a ₹20 premium in the grey market against the issue price of ₹87.
