IPO Schedule
1
Open
22 Aug
2
Close
26 Aug
3
Allotment
28 Aug
4
Listing
1 Sept
Classic Electrodes (India) Ltd IPO
Issue:₹87
List:₹100
CMP:₹51.1
NSELot: 1600Capital Goods - Electrical Equipment
LISTEDSME
Issue Price₹87
Listing₹100
Current₹51.1
Content
About Classic Electrodes (India) Ltd
Classic Electrodes (India) Ltd is an SME focused on manufacturing and supplying welding electrodes. They primarily cater to the domestic market, serving various industries requiring welding solutions. The company aims to utilize the IPO proceeds for working capital requirements and general corporate purposes.
Subscription Status
QIB
1.03x
NII
1.43x
Retail
2.78x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 84.88x | 3.01x | 1.03x |
| NII | 356.75x | 20.32x | 1.43x |
| Retail | 158.44x | 21.10x | 2.78x |
| Total | 179.97x | 15.76x | 1.99x |
Risk Factors
•Being an SME, the company is susceptible to fluctuations in the economic environment and raw material prices.
•High dependence on a limited range of products (welding electrodes) could pose a risk if demand shifts or alternative technologies emerge.
•Competition from larger and more established players in the welding industry.