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Lot: 1600 sh. • Min ₹1,39,200
Gain: +25.3%
Allotment: 28 Aug
Subscription Starts
Cut-off Time 5:00 PM
Registrar Finalization
UPI Mandate Release
Trading on NSE / BSE
Subscription Starts
Cut-off Time 5:00 PM
Registrar Finalization
UPI Mandate Release
Trading on NSE / BSE
Calculate live investment, expected return & grey market payout
Kostak is the fixed profit on selling unallotted applications. Subject to Sauda is the guaranteed rate upon share allotment.
Issue Price
₹87
Listing Price
₹100
Listing Gain
₹13
+14.94%Current Price
₹49.55
-43.05%Classic Electrodes (India) Limited, founded in 1997 and based in Kolkata, is a leading Indian manufacturer of welding consumables such as electrodes and MIG wires. The company serves both domestic and international markets with a wide range of products including mild steel, stainless steel, cast iron, deep penetration electrodes, and MIG wires for different industrial applications. It operates two manufacturing units, one in Dhulagarh, West Bengal, and another in Jhajjar, Haryana, while a third unit in Bahadurgarh was closed in FY 2023-24. Strategically located for easy access to raw materials and transportation, the company ensures efficient distribution. As of July 31, 2024, it employed 78 permanent staff members.
P/E Ratio
N/A
Price to Earnings
ROE
15%
Return on Equity
ROCE
18%
Capital Employed
Debt / Equity
0.5
Leverage Ratio
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Disclaimer: Grey Market Premium (GMP) is an unofficial, unregulated cash premium traded between buyers and sellers before official listing on NSE or BSE. GMP indications are based on demand-supply dynamics in the grey market and are subject to extreme volatility. Neither SEBI nor stock exchanges regulate grey market operations. Investors should conduct independent fundamental analysis and read the Red Herring Prospectus (RHP) before applying.
Price Band
₹104 - ₹110
Min ₹1,32,000
Est. Listing
₹126.15
+14.7% Gain
Issue Size
₹3858000 Cr
Est. Profit
+₹19,380
Price Band
₹59 - ₹62
Min ₹1,24,000
Est. Listing
₹67.1
+8.2% Gain
Issue Size
₹2260000 Cr
Est. Profit
+₹10,200
Price Band
₹29 - ₹29
Min ₹1,16,000
Est. Listing
₹31
+6.9% Gain
Issue Size
₹3636000 Cr
Est. Profit
+₹8,000