Description
Classic Electrodes (India) Limited equity shares to be listed on NSE EMERGE SME Platform effective September 1, 2025.
Summary
Classic Electrodes (India) Limited’s equity shares will be listed on NSE’s EMERGE SME Platform effective September 1, 2025. The company issued 17,964,950 equity shares of Rs. 10/- each at Rs. 87/- per share through its SME IPO.
Key Points
- Symbol: CLASSICEIL
- ISIN: INE0UQ601012
- Market lot: 1600 equity shares
- Issue price: Rs. 87/- per share
- Face value: Rs. 10/-
- Total shares: 17,964,950
- Initially trading in Series ‘ST’ (Trade for Trade Surveillance Segment)
- Will later shift to Series ‘SM’ (Normal Rolling Segment)
- Market maker spread within 10%
Regulatory Changes
Shares will initially trade in Trade for Trade Surveillance Segment (TFTS) with Settlement Type ‘W’ and subsequently shift to Normal Rolling Segment with Settlement Type ‘N’ as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012.
Compliance Requirements
- Members must use designated security codes for trading
- Trading only in specified lot sizes (1600 shares)
- Compliance with pre-open session requirements for IPO category
- Adherence to continuous market trading rules
Important Dates
- Effective date for listing: September 1, 2025
- Financial year: April 2025 - March 2026
Impact Assessment
Limited market impact expected as this is a standard SME listing. The Trade for Trade surveillance segment initially provides additional oversight. Market maker arrangement ensures liquidity support with Winance Financial Services Private Limited appointed as market maker.
Impact Justification
Standard SME IPO listing with limited market impact due to small size