Classic Electrodes (India) Ltd - IPO
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Classic Electrodes (India) Ltd News
Classic Electrodes (India) Ltd IPO Details
Initial public offer of up to 48,00,000 equity shares of face value Rs. 10 each (the Equity Shares) of Classic Electrodes (India) Limited (The Company or the Issuer) for cash at an issue price of Rs. [*] per equity share (including a securities premium of Rs. [*] per equity share) (Issue Price), aggregating up to Rs. [*] crores (the Issue) of which [*] equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10 each at an issue price of Rs. [*] per equity share aggregating upto Rs. [*] crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*] % and [*] % respectively of the post-issue paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.
Objective of issue
Funding capital exp of the company to purchase plant and machinery. Repayment of a portion of certain outstanding borrowings availed by the company. Funding the working capital requirements of the company. General corporate purposes.
