IPO
Classic Electrodes’SME IPO subscribed 180 times
Kolkata-based manufacturer of welding consumables and MIG wires Classic Electrodes 's initial public offering (IPO) was subscribed by 180 times on the NSE-SME platform. The IPO price band is INR 82 to INR 87 per share.The retail portion alone was subscribed 158.44 times, while non-institutional investors (NIIs) subscribed 356.75 times. Qualified institutional buyers (QIBs) subscribed 84.88 times of their reserved portion.Founded in 1997, Classic Electrodes is involved in manufacturing of welding consumables such as mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires. It operates modern production units in West Bengal and Haryana, supplying to both domestic and international markets.
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