Classic Electrodes (India) Ltd. makes a strong debut on the bourses with scrip got listed at Rs 100.00 on the Bombay Stock Exchange, a 14.94 per cent premium to its issue price of Rs 87.00. On the National Stock Exchange, the stock was listed at Rs 100.00.

The company, which raised 0.48 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 47.71 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from Aug 22 to Aug 26.

Following a strong opening, the scrip touched an intraday high of Rs 101.00 and a low of Rs 95.00, before closing the session up by 9.19 per cent to its listing price at Rs 95.00 on the NSE.

The company anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark NSE Nifty closed trade at 24,625.05, up 198.20 points, or 0.81 per cent.