IPO

Classic Electrodes (India) Limited IPO

NSE SME

Listed On: Sep 1, 2025 at ₹ 100.0

₹ 278400 /3200 Shares
*Min Investment

Check Allotment

22 Aug, 2025

Open Date

26 Aug, 2025

Close Date

28 Aug, 2025

Allotment Date

01 Sep, 2025

Listing Date
Classic Electrodes (India) IPO Live Subscription Details
QIB 84.73x
Individual 158.44x
NIIs 357.16x
BHNI 422.16x
SHNI 227.62x
Individual 158.44x
Total 180.01x
Last updated: 26-Aug-2025 18:26:09 hrs
Classic Electrodes (India) IPO Issue Details
  • Issue Price ₹82-87 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 47,71,200 shares(aggregating up to ₹41.51 crore)
  • Fresh Share 47,71,200 shares(aggregating up to ₹41.51 crore)
  • Listing at NSE SME
  • List Price 100.0
  • Listing Date 2025-09-01
  • Lead Manager GYR Capital Advisors Private Limited
  • Registrar MUFG Intime India Private Limited
Market Lot Size

Investors can bid for a minimum of 3200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Individual (min)23200₹2,78,400
Individual(max)23200₹2,78,400
NII (min) 34,800₹4,17,600
Classic Electrodes (India) IPO Reservation

Classic Electrodes (India) IPO offers total 47,69,600 shares. Out of which 8,99,200 (18.85%) allocated to QIB, 6,75,200 (14.16%) allocated to NII,15,72,800 (32.98%) allocated to RII, NA (NA%) allocated to employees and 13,44,000 (28.18%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered13,44,000 (28.18%)
Market Maker Shares Offered2,78,400 (5.84%)
QIB Shares Offered8,99,200 (18.85%)
NII (HNI) Shares Offered6,75,200 (14.16%)
bNII < ₹10L4,49,600 (9.43%)
sNII < ₹10L2,25,600 (4.73%)
Individual Shares Offered15,72,800 (32.98%)
Total Shares Offered47,69,600 (100%)
Classic Electrodes (India) IPO Documents
DRHP
RHP
Classic Electrodes (India) IPO Details


Classic Electrodes (India) Limited IPO is an SME IPO, priced at ₹82-87 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 47,71,200 equity shares, aggregating up to ₹41.51 crores..

The IPO bidding window is open from Aug 22, 2025 to Aug 26, 2025. The allotment is expected to be finalized on Aug 28, 2025, and the tentative listing date is Sep 1, 2025.

The minimum lot size for Individual investors is 3200 shares, with a minimum investment of ₹2,78,400. For HNIs, the minimum application size is 3 lots , amounting to ₹ 4,17,600.

GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is MUFG Intime India Private Limited, and

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Classic Electrodes (India) IPO Subscription Analysis And Details
Retail
158.44x
Total
179.97x
As onQIB / NIIIndividualTotal
Shares Offered / Reserved8,99,200 / 6,75,20015,72,80031,47,200
Day 1 22-08-25 06:00 PM
1.03 / 1.43 x2.78 x1.99 x
Day 2 25-08-25 06:00 PM
3.01 / 20.32 x21.10 x15.76 x
Day 3 26-08-25 06:00 PM
84.88 / 356.75 x158.44 x179.97 x
Total No of Applications
1,01,973
Classic Electrodes (India) Valuations
EPS Pre IPO ₹9.32/-
EPS Post IPO ₹5.81/-
P/E Pre IPO 9.33
P/E Post IPO 14.97
ROE 24.66%
ROCE 17.68%
Debt/Equity 1.23
RoNW 21.95%
PAT Margin 5.10%
Price to Book Value 2.63
Classic Electrodes (India) Company Financials
In Crs.
In Cr.
28-Feb-2331-Mar-2431-Mar-23
Assets116.3488.5376.79
Revenue187.90194.41151.13
Profit After Tax9.5712.302.08
Net Worth43.6034.0321.73
Reserves & Surplus30.4128.7516.46
Total Borrowing53.5046.7344.11
About Classic Electrodes (India) Company

Founded in 1997 and having its headquarters in Kolkata, West Bengal, Classic Electrodes (India) Limited is a well-known Indian manufacturer dealing in welding consumables, such as electrodes and MIG wires.The firm produces welding electrodes and offers engineering solutions to national and overseas consumers.Classic Electrodes deals in a wide variety of welding consumables for use in different industrial processes.

Their products include:
Mild Steel Electrodes: Ideal for general-purpose welding operations.
Stainless Steel Electrodes: Specially designed for resistance welding applications against corrosion.
Cast Iron Electrodes: Suitable for fixing cast iron parts.
Deep Penetration Electrodes: Specially developed for heavy-duty welding needs.
MIG Wires: Applied in metal inert gas welding operations.

The company operates two units of manufacturing: Unit I at Dhulagarh, West Bengal, and Unit II at Jhajjar, Haryana. Unit III was previously in Bahadurgarh, Haryana, and closed in FY 2023-2024. Units are strategically positioned within West Bengal to facilitate access through numerous modes of transportation for effective distribution of products, procurement of raw materials, and customer accessibility.

On July 31, 2024, the company had 78 permanent employees.

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Classic Electrodes (India) - Promoter(s)

Mr. Hanuman Prasad Agarwal

Mr. Sushil Kumar Agarwal

Mr. Nitesh Agarwal

Mr. Sunil Kumar Mittal

M/s Alltime Suppliers Private Limited

Pre Issue Share Holding : 97.73%

Post Issue Share Holding : 71.77%

Classic Electrodes (India) IPO - Issue Objectives
1

Funding capital expenditure of our company to purchase Plant and Machinery

2

Repayment of a portion of certain outstanding borrowing availed by the company

3

Funding the working capital requirements of the company

4

General Corporate Purposes

Contact Details

Classic Electrodes (India)

1 A, Bonfield Lane, Kolkata, West Bengal, 700001

+91 8336007981

compliance@classicelectrodes.com

http://www.classicelectrodes.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

classicelectrodes.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html