Classic Electrodes IPO
GMP, Subscription, Price, Dates & Financial Details
Electrodes & Welding Equipment
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…
Open Date
Fri, 22 Aug 2025
Close Date
Tue, 26 Aug 2025
Price Band
₹ 82 – 87
Lot Size
1600
Issue Size
₹ 41.51 Cr
Minimum Investment
₹ 278,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Classic Electrodes IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹41.51 Crore, comprising a fresh issue of 47.71 Lakh equity shares aggregating to ₹41.51 Crore.
The Classic Electrodes IPO remained open for subscription from August 22, 2025, to August 26, 2025. The basis of allotment was finalized on August 28, 2025, and the company's shares were listed on NSE SME Platform on September 01, 2025.
The company had fixed the price band at ₹82 to ₹87 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹278,400 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Classic Electrodes (India) Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Classic Electrodes IPO Timeline (Tentative)
- IPO Open Date
- Fri, 22 Aug 25
- IPO Close Date
- Tue, 26 Aug 25
- Basis of Allotment
- Thu, 28 Aug 25
- Initiation of Refunds
- Thu, 28 Aug 25
- Credit of Shares to Demat
- Fri, 29 Aug 25
- Listing Date
- Mon, 01 Sep 25 — NSE & BSE
Open Date
22 August 2025
Close Date
26 August 2025
Basis Of Allotment
28 August 2025
Listing Date
01 September 2025
IPO Subscription
Check Live Subscription →The Classic Electrodes IPO has received bids for 56,68,16,000 shares against 31,47,200 shares offered, resulting in an overall subscription of 180.1x. the NII category is subscribed 357.19x, Retail Investors 158.52x, and QIBs 84.88x. Within the NII category, BNII is subscribed 422.16x, while SNII is subscribed 227.7x.
QIB
84.88x
NII
357.19x
BNII
422.16x
SNII
227.7x
RII
158.52x
Total
180.1x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 15,72,800 shares, representing 49.97% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,99,200 shares (28.57%), while Non-Institutional Investors (NIIs) receive 6,75,200 shares (21.46%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 899,200 | 28.57% |
| Non-Institutional | 675,200 | 21.46% |
| BNII | 449,600 | 14.29% |
| SNII | 225,600 | 7.17% |
| Retail Investors | 1,572,800 | 49.97% |
| Total | 3,147,200 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 116.34 | 88 | 76.79 |
| Revenue | 187.9 | 194.41 | 151.13 |
| Profit After Tax | 9.57 | 12.3 | 2.08 |
| Net Worth | 43.6 | 34.03 | 21.73 |
| Reserve & Surplus | 30.41 | 28.75 | 16.46 |
| Total Borrowings | 53.5 | 46.73 | 44.11 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Classic Electrodes (India) Limited KPI Information
| Particular | KPI as of Fri, Feb 28, 2025. |
|---|---|
| ROE % | 24.66 |
| ROCE % | 17.68 |
| Debt / Equity | 1.23 |
| RoNW % | 21.95 |
| Pat Margin % | 10.24 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Classic Electrodes (India) Ltd | 10 | 0.00 | 7.26 | 7.26 | 21.95 | 33.05 |
| D & H India Ltd | 10 | 28.93 | 6.40 | 6.40 | 10.97 | 57.38 |
| Ador Welding Ltd | 10 | 28.55 | 34.51 | 34.51 | 11.84 | 291.38 |
| Diffusion Engineers Ltd | 10 | 33.91 | 9.59 | 9.59 | 9.73 | 98.56 |
About Classic Electrodes (India) Limited
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.
Classic Electrodes IPO Promoters
- Mr. Hanuman Prasad Agarwal
- Mr. Sushil Kumar Agarwal
- Mr. Nitesh Agarwal
- Mr. Sunil Kumar Mittal
- M/s Alltime Suppliers Private Limited
Promoters Holding
Holding Pre Issue
97.73%
Holding Post Issue
71.77%
Classic Electrodes IPO Objective
The Company Classic Electrodes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding capital expenditure of our company to purchase Plant and Machinery
- Repayment of a portion of certain outstanding borrowing availed by the company
- Funding the working capital requirements of the company
- General Corporate Purposes
Classic Electrodes (India) Limited Address / Contact Details
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
Classic Electrodes IPO Lot Size
The Classic Electrodes IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,78,400 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,78,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 278,400.00 |
| Retail (Max) | 2 | 3,200 | 278,400.00 |
| S-HNI (Min) | 3 | 4,800 | 417,600.00 |
| S-HNI (Max) | 7 | 11,200 | 974,400.00 |
| B-HNI (Min) | 8 | 12,800 | 1,113,600.00 |
Issue Reservation
- QIB — 28.57%
- NII — 21.46%
- RII — 49.97%
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Classic Electrodes IPO?
Classic Electrodes IPO is a Book-building IPO with a total issue size of ₹41.51 crore. The Classic Electrodes IPO price band is ₹82 to 87 per share. The Classic Electrodes IPO subscription opens on Fri, Aug 22, 2025, and closes on Tue, Aug 26, 2025. The Classic Electrodes IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Classic Electrodes IPO.
When will the Classic Electrodes IPO open for subscription?
The Classic Electrodes IPO opens on Fri, Aug 22, 2025 and closes on Tue, Aug 26, 2025
What is Classic Electrodes IPO Price Band?
Classic Electrodes IPO Price Band is ₹82 to 87 per share.
What is Classic Electrodes IPO Lot Size?
Classic Electrodes IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹278400 based on the upper price band
What is the minimum investment for Classic Electrodes IPO?
The minimum investment for Classic Electrodes IPO is ₹278400, based on one lot of 1600 shares at the upper price band of ₹87 per share.
How to apply for Classic Electrodes IPO?
Investors can apply for the Classic Electrodes IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Aug 26, 2025. The application amount remains blocked until the Classic Electrodes IPO allotment is finalized.
What is Classic Electrodes IPO Issue Size?
Classic Electrodes IPO issue size is ₹41.51 crores.
What is the Classic Electrodes IPO Allotment Date?
Classic Electrodes IPO allotment date is Thu, Aug 28, 2025.
Who is the Classic Electrodes IPO Registrar?
The registrar for Classic Electrodes IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Classic Electrodes IPO allotment status, refund processing, and other IPO-related information.
What is the Classic Electrodes IPO GMP?
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 25.29% over the issue price.
Who is the Classic Electrodes IPO Lead Manager?
The book-running lead managers (BRLMs) for the Classic Electrodes IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Classic Electrodes IPO Red Herring Prospectus (RHP).