As of August 28, 2025, the Grey Market Premium (GMP) for the Classic Electrodes IPO is ₹20, reflecting positive investor sentiment prior to its listing on the NSE Emerge platform. The IPO details include a price band of ₹82 to ₹87 per share and an issue size of ₹41.51 crore, which consists of a fresh issue. The lot size is set at 1,600 shares, with a tentative listing date of September 1, 2025. The registrar for the IPO is MUFG Intime India Private Limited, and the lead manager is GYR Capital Advisors Pvt. Ltd. Subscription highlights indicate strong investor interest, with an overall subscription rate of 179.97 times.
Qualified Institutional Buyers (QIBs) subscribed 84.88 times, Non-Institutional Investors (NIIs) 356.75 times, and Individual Investors 158.44 times. Given the GMP of ₹20, the estimated listing price is around ₹108, signifying a potential gain of 24.14% based on the upper price band. The positive GMP and high subscription rates across all investor categories suggest robust demand and favorable market expectations, so investors should be ready for the listing on September 1, 2025.