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Classic Electrodes IPO

Open Sme
NSE 22 August - 26 August 2025
Classic Electrodes (India) Limited IPO is a book build issue of 41.51 Cr. The issue is entirely a fresh issue of 4771200 shares aggregating to 41.51 Cr. Classic Electrodes (India) Limited IPO opened for subscription on Aug 22, 2025 and closed on Aug 26, 2025. The allotment for the this IPO was finalized on Aug 28, 2025. IPO was listed on NSE and BSE on Sep 01, 2025. Classic Electrodes (India) Limited IPO is set issue price band at ₹82 to ₹87 per share.

Current GMP

₹22 (+25.29%)

Price Band

₹ 82 – 87

Lot Size

1600

Issue Size

₹41.51 Cr

Minimum Investment

₹278400 (3200 Shares)

Listing Date

01 September 2025

Subscription

180.1x

About the Company

Classic Electrodes (India) Limited, established in 1997 and headquartered in Kolkata, West Bengal, is a well-established Indian manufacturer engaged in the production of welding consumables and engineering solutions for both domestic and international markets. Initially incorporated as a private limited company under the Companies Act, 1956, the company was later converted into a public limited company in 2009. Over the past 27 years, Classic Electrodes has built a strong reputation for quality, reliability, and performance in the welding industry.

The company offers a wide range of welding products designed to meet diverse industrial needs. Its product portfolio includes general-purpose electrodes, low alloy electrodes, low hydrogen electrodes, stainless steel electrodes, hard-facing electrodes, cast iron electrodes, non-ferrous electrodes, low heat input electrodes, cutting and gauging electrodes, and MIG wires. These products are used across various industries, and the company also specializes in manufacturing tailor-made consumables for specific applications.

Classic Electrodes operates two primary manufacturing units: Unit I in Dhulagarh, West Bengal, which manufactures both welding electrodes and MIG wires, and Unit II in Jhajjar, Haryana, dedicated exclusively to MIG wire production. The company previously operated a third unit in Bahadurgarh, Haryana (Unit III), which was closed during the financial year 2023–2024. Combined, the operational units have a projected annual manufacturing capacity of 10,608 metric tonnes for electrodes and 8,600 metric tonnes for MIG wires. These facilities are strategically located to support efficient transportation, sourcing of raw materials, and timely distribution to customers.

Promoters

  1. Mr. Hanuman Prasad Agarwal
  2. Mr. Sushil Kumar Agarwal
  3. Mr. Nitesh Agarwal
  4. Mr. Sunil Kumar Mittal
  5. M/s Alltime Suppliers Private Limited
Promoters Holding

Holding Pre Issue

97.73%

Holding Post Issue

71.77%

Objects of the Issue

The Company Classic Electrodes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  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

Address / Contact Info

Classic Electrodes (India) Limited
1 A, Bonfield Lane,
Kolkata, West Bengal,
India- 700001

Phone: +91 8336007981
Email: compliance@classicelectrodes.com
Website: http://www.classicelectrodes.com/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 82 – 87
Lot Size1600
Issue TypeBook-building IPO
Sale TypeFresh Capital
Fresh Issue₹ 41.51 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 41.51 Cr
Listing AtNSE
IndustryElectrodes & Welding Equipment
SectorCapital Goods
QIB Quota28.57%
BNII Quota14.29%
SNII Quota7.17%
Retail Quota49.97%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Classic Electrodes IPO is a Book-building IPO worth ₹41.51 crores. The price band is ₹82 to 87 per share. The IPO opens on Fri, Aug 22, 2025 and closes on Tue, Aug 26, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.

The Classic Electrodes IPO opens on Fri, Aug 22, 2025 and closes on Tue, Aug 26, 2025

Classic Electrodes IPO Price Band is ₹82 to 87.

Classic Electrodes IPO lot size is 1600, and the minimum amount required for application is ₹278400.

The minimum investment for Classic Electrodes IPO is approximately ₹278400 based on the upper price band.

To apply for the Classic Electrodes IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Aug 26, 2025. After submission, funds are blocked until the basis of allotment of Classic Electrodes IPO is finalised.

Classic Electrodes IPO issue size is ₹41.51 crores.

Classic Electrodes IPO allotment date is Sat, Jun 27, 2026.

The registrar for Classic Electrodes IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Classic Electrodes IPO through their official website or helpline.

The Classic Electrodes IPO GMP (Grey Market Premium) is ₹22 as of Mon, Sep 1, 2025. Based on the upper price band of ₹87 per share, the estimated Classic Electrodes IPO listing price is ₹109, indicating a potential listing gain of approximately 31% over the issue price.