Classic Electrodes (India) Ltd. has announced public offering of 4771200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 77.00 per share. The gross proceeds of the issue are expected to be Rs 4,150.94 lakhs.
The company's initial public offer (IPO) will open on 22 August 2025 and is expected to close on 26 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 82.00-87.00 per share.
The IPO includes a fresh Issue of 4771200 Equity Shares of the Company at an price of Rs 87.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Classic Electrodes (India) Ltd. anticipates using the proceeds of the issue for .
GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.