Classic Electrodes IPO Subscribed 1.11 Times on Day 1, Retail Investors Lead with 1.38x Bids

Kolkata, August 22, 2025 – The SME IPO of Classic Electrodes (India) Limited opened for subscription today. The ₹41 Cr IPO has received a lukewarm response so far on Day 1, with overall bids covering 1.11 times of the total issue size.

Key IPO Details

Classic Electrodes IPO will remain open from August 22, 2025, till August 26, 2025, and is scheduled to list on NSE Emerge on September 1, 2025. It is a completely fresh issue IPO with 0.48 crore shares of ₹41.51 crore under the book build process. The price band for book building is set at ₹82 – ₹87 per share, with a minimum lot size of 1,600 shares (₹1,39,200 at the upper band).

Day 1 Subscription Status (as of 01:00 PM, August 22, 2025)

Individual investors are leading the IPO with 1.38 times subscription as of 01:00 PM, closely followed by QIB (Ex Anchor) investors at 1.00 times and 0.63 times in the NII category. The total bids received so far are 34,86,400.

Anchor Investor Allocation

Right before the IPO opening, the company allotted 13,44,000 equity shares at ₹87 each to anchor investors. The allotment was made on August 21, 2025, where the key participants were Aarth AIF Growth Fund, which was allotted 2,30,400 shares, Beacon Stone Capital VCC, with 1,92,000 shares, along with funds such as Vikasa India EIF I Fund, IMAP India Capital Trust, and SB Opportunities Fund.

Outlook for Investors

The Classic Electrodes IPO is off to a fair start on its first day. Retail investors are showing strong interest in it, while institutional participation remains a bit low, yet modest. As it is an SME IPO, it is a possibility that the subscription patterns may change significantly over the remaining days.

Therefore, investors should closely track how demand builds across categories, especially institutional bids, as that often signals long-term confidence. Additionally, reviewing the company’s fundamentals, sector growth prospects, and post-listing liquidity will be crucial before making any decision.

Classic Electrodes (India) Limited was founded in 1997 and is an ISO 9001:2008 certified manufacturer of welding consumables and engineering solutions, with plants in West Bengal and Haryana. The company produces a wide range of welding electrodes, including general-purpose, stainless steel, cast iron, and MIG wires.

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