Classic Electrodes (India) Limited Link 
Allotment
Classic Electrodes (India) Limited launched a book-built IPO of ₹41.51 crore, comprising an entirely fresh issue of 0.48 crore shares at a price of ₹87 per share. The IPO bidding was open from August 22, 2025, to August 26, 2025, with allotment finalized on August 28, 2025. The shares were listed on NSE SME on September 1, 2025.
The IPO had a lot size of 1,600 shares, requiring a minimum investment of ₹2,78,400 for retail investors (3,200 shares at the upper price). High-net-worth investors (HNI) could subscribe for a minimum of 3 lots (4,800 shares), amounting to ₹4,17,600.
GYR Capital Advisors Pvt. Ltd. served as the book-running lead manager, MUFG Intime India Pvt. Ltd. as the registrar, and Wiinance Financial Services Pvt. Ltd. as the market maker. The IPO offered investors an opportunity to participate in Classic Electrodes’ growth in the welding consumables manufacturing sector.
₹87
0%
Open
₹87
HIgh - Low
₹87
Previous Close
₹87
Total Traded Value
0
52 Weeks High
₹87
52 Weeks Low
₹87
Updates On
Aug 15, 2025
IPO. Open
Aug 22, 2026
IPO. Close
Aug 26, 2026
IPO. Price
₹87.00
IPO Market price
₹156.30 Cr
IPO Details
| IPO Date | 1 Sep |
| IPO Listing Date | 1 Sep |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹87.00 |
| IPO Issue Size | 47,71,200 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,31,93,750 |
IPO Timeline
| IPO Open Date | 22 Aug |
| IPO Close Date | 26 Aug |
| IPO Allotment (Tentative) | 28 Aug |
| Refunds | 28 Aug |
| Credit to Demat Account | 29 Aug |
| IPO Listing Date | 1 Sep |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 22,43,200 Shares |
| NII (HNI) Shares Offered | 6,75,200 Shares |
| Retail Shares Offered | 15,74,400 Shares |
IPO Lot Size
Investors can bid for a minimum of 3,200 shares, with additional shares to be purchased in multiples of 1,600.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,78,400 |
| 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 |
Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a leading Indian manufacturer specializing in welding consumables, including welding electrodes and MIG wires. The company serves both domestic and international markets, offering reliable welding solutions across a wide range of industrial applications.
Classic Electrodes manufactures an extensive portfolio of welding consumables, including mild steel electrodes for general-purpose welding, stainless steel electrodes for corrosion-resistant applications, cast iron electrodes for repair work, deep penetration electrodes for heavy-duty operations, and MIG wires used in metal inert gas welding processes.
The company operates two manufacturing facilities—Unit I at Dhulagarh, West Bengal, and Unit II at Jhajjar, Haryana. (Unit III at Bahadurgarh, Haryana was closed in FY 2023–24.) The strategically located plants enable efficient raw material sourcing, logistics, and product distribution. As of February 28, 2025, Classic Electrodes employed 95 permanent staff.
Competitive Strengths:
Strong and trusted brand recognized for quality, reliability, and performance
Wide and diversified product portfolio of welding consumables
Modern production facility in West Bengal with automated manufacturing processes
Strong focus on quality standards and certifications
Efficient supply chain supported by robust dealer relationships
In-house research and development capabilities
Company Financials (Consolidated)
| Assets | 116.34 | 88.53 | 76.79 |
| Total Income | 187.9 | 194.41 | 151.13 |
| Profit After Tax | 9.57 | 12.3 | 2.08 |
| EBITDA | 19.24 | 23.04 | 8.54 |
| NET Worth | 43.6 | 34.03 | 21.73 |
| Reserves and Surplus | 30.41 | 28.75 | 16.46 |
| Total Borrowing | 53.5 | 46.73 | 44.11 |
Key Performance Indicator (KPI)
| ROE | 24.66% |
| ROCE | 17.68% |
| Debt/Equity | 1.23 |
| RoNW | 21.95% |
| PAT Margin | 5.10% |
| EBITDA Margin | 10.24% |
| Price to Book Value | 2.63 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 1.47 |
| 2 | To meet out the expenses of Working Capital Requirement | 16.6 |
| 3 | To meet out the General Corporate Purposes; | 9.28 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Classic Electrodes (India) Ltd. Address
1 A,
Bonfield Lane
Kolkata, West Bengal, 700001
+91 8336007981
compliance@classicelectrodes.com
Detail Registrar
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
classicelectrodes.ipo@linkintime.co.in”
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