The Classic Electrodes IPO minimum market lot is 3,200 shares with ₹2,78,400 application amount. The Classic Electrodes IPO is a NSE SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Classic Electrodes IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.03 | 3.01 | 84.88 |
| NII | 1.42 | 20.32 | 356.75 |
| bNII | 1.25 | 20.08 | 421.54 |
| sNII | 1.77 | 20.79 | 227.62 |
| RII | 2.70 | 21.10 | 158.44 |
| Total | 1.95 | 15.76 | 179.97 |
Classic Electrodes IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Classic Electrodes IPO Review and Rating
- May Apply For Long-term View
Classic Electrodes IPO Form
How to apply for the Classic Electrodes IPO? You can apply for Classic Electrodes IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Classic Electrodes IPO in the Invest section. The other option is you can apply for Classic Electrodes IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
