August 20, 2025
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What is the latest news of Classic Electrodes IPO?
The company will enter the market on 22 August 2025. Premium trades have started with bang from 15th August 2025
About Classic Electrodes
Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a leading Indian manufacturer of welding consumables, catering to both domestic and international markets. The company specialises in welding electrodes and MIG wires, offering engineering solutions for a wide range of industrial applications.
Product Portfolio:
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Mild Steel Electrodes – for general-purpose welding
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Stainless Steel Electrodes – for corrosion-resistant applications
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Cast Iron Electrodes – for repairing cast iron parts
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Deep Penetration Electrodes – for heavy-duty welding jobs
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MIG Wires – for metal inert gas welding processes
Classic Electrodes operates two manufacturing units – Unit I at Dhulagarh, West Bengal, and Unit II at Jhajjar, Haryana. Earlier, Unit III at Bahadurgarh, Haryana, was operational but was closed in FY 2023–24. These facilities are strategically located to ensure efficient raw material sourcing, customer servicing, and product distribution through multiple transport modes.
As of July 31, 2024, the company employed 78 permanent staff members.
Classic Electrodes IPO Details
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Sector: |
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| IPO opens on | 22 August 2025 |
| IPO closes on | 26 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 47,71,200 Shares / Rs 41.51 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 2,78,400 Shares |
| Net offer to Public | 44,92,800 Shares Rs. 39.09 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 82-87 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
How shares can be applied?
| Application | Lots | Shares | Amount Rs. |
| Individual investors (Retail) (Min) | 2 | 3,200 | 2,78,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | 2,78,400 |
| S-HNI (Min) | 3 | 4,800 | 4,17,600 |
| S-HNI (Max) | 7 | 11,200 | 9,74,400 |
| B-HNI (Min) | 8 | 12,800 | 11,13,600 |
Who are the Promoters of Classic Electrodes IPO?
The promoters hold 97.13% of the pre-IPO capital
What are the Objects of Classic Electrodes IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Funding capital expenditure of our company to purchase Plant and Machinery Rs. 10.00 Crore
+Repayment of a portion of certain outstanding borrowing availed by the company Rs. 10.00 Crore
+Funding Working Capital Requirement Rs. 16.66 Crore
+Funding General Corporate Purposes
Classic Electrodes IPO Kay Dates
| IPO opens on | 22 August 2025 |
| IPO Closes on | 26 August 2025 |
| IPO Allotment on | 28 August 2025 |
| Refund Initiation | 29 August 2025 |
| Credit of Shares | 29 August 2025 |
| Listing on | 1 September 2025 |
| Registered Office of the Company Classic Electrodes (India) Ltd. 1 A, Bonfield Lane Kolkata, West Bengal, 700001 |
| Lead Managers of this IPO Mufg Intime India Pvt ltd |
| Who is the Registrar to the IPO? GYR Capital Advisors Pvt ltd |
Classic Electrodes Financials Snapshot
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 92.2 | 76.79 | 74.99 |
| Total Income | 194.41 | 151.13 | 134.37 |
| Profit After Tax | 12.28 | 2.08 | 1.45 |
| Net Worth | 33.92 | 21.64 | 19.55 |
| Reserves and Surplus | 28.64 | 16.36 | 1,427.56 |
| Total Borrowing | 45.73 | 43.11 | 39.21 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 24.66% |
| ROCE | 17.68% |
| Debt/Equity | 1.23 |
| RoNW | 21.95% |
| PAT Margin | 5.10% |
| EBITDA Margin | 10.24% |
How Classic Electrodes IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Classic Electrodes (India) Ltd. | 21.95 | |
| D & H India Ltd | 28.93 | 10.97 |
| Ador Welding Ltd | 28.55 | 11.84 |
| Diffusion Engineers Ltd | 33.91 | 9.73 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Chanakya’s IPO Condensed Review by Paresh Gordhandas, CA & Research Analyst
Condensed Review – For Quick Reading
Established in 1997, Classic Electrodes (India) Limited is a Kolkata-based manufacturer of welding consumables, including electrodes and MIG wires, catering to both domestic and export markets. It operates two manufacturing units in West Bengal and Haryana, producing a diverse range of products for industrial applications.
The company has shown strong financial growth — revenue rose from Rs. 134.37 crore in FY22 to Rs. 194.41 crore in FY24, while PAT surged from Rs. 1.45 crore to Rs. 12.28 crore in the same period. The IPO, worth Rs. 41.51 crore, is entirely a fresh issue to fund business expansion.
Given its improving profitability, diverse product range, and established presence, the IPO may attract investor interest, though factors such as raw material price volatility and industrial demand cycles must be considered
Quicklinks
Classic Electrodes IPO price dates
The Grey Market Premium (GMP) for Classic Electrodes IPO changes frequently depending on market demand and sentiment. Investors can check the latest GMP updates on our “GMP Today” page.
Listing gains depend on several factors, including GMP trend, subscription numbers, and overall market sentiment. A strong and rising GMP may indicate positive listing expectations, but it is not a guarantee.
Classic Electrodes is a manufacturer of welding consumables such as electrodes and MIG wires, serving both domestic and international markets. Its products cater to various industrial applications, from general-purpose welding to specialised corrosion-resistant and heavy-duty welding.
The minimum application size for retail investors is 1 lot (1,600 shares), amounting to Rs. 1,31,200 at the upper price band. HNI investors must apply for at least 2 lots (3,200 shares), requiring Rs. 2,78,400.
Risks include fluctuations in raw material prices, competition from other welding consumable manufacturers, dependence on industrial demand cycles, and general market volatility that can affect listing performance.
