Classic Electrodes (India) Ltd - IPO

Classic Electrodes (India) Ltd IPO Details

initial public offer of 47,71,200 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. 87/- per equity share (including a securities premium of Rs. 77/- per equity share) (issue price), aggregating to Rs. 41.51 crores (the issue) of which2,78,400 equity shares aggregating to Rs. 2.42 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 44,92,800 equity shares of face value of Rs. 10/- each at an issue price of Rs.87/- per equity share aggregating to Rs. 39.09 crores is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 26.56% and 25.01% respectively of the post-issue paid-up equity share capital of 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.

Classic Electrodes (India) Ltd Contact Details

Classic Electrodes (India) Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@classicelectrodes.com

Website - www.classicelectrodes.com