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Classic Electrodes (India) Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹87
Per Share
GMP
NIL
Grey Market
Est. Listing
₹87
Expected Price
Min. Application
₹278,400
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹87 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size47,71,200 shares (aggregating up to ₹41.51 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 22 Aug 2025
Subscription CloseTue, 26 Aug 2025
Anchor AllotmentThu, 21 Aug 2025
Basis of AllotmentThu, 28 Aug 2025
Initiation of RefundsThu, 28 Aug 2025
Credit of Shares to DematFri, 29 Aug 2025
Listing DateMon, 01 Sep 2025
UPI Mandate Deadline2025-08-26
Application & Investment Details
Retail — Min (2 Lots)₹2,78,400 — 3200 shares
Retail — Max (13 Lots)₹1,809,600 (13 Lots)
HNI — Min (3 Lots)₹4,17,600 — 4800 shares
EPS (Pre-IPO)₹9.32
EPS (Post-IPO)₹5.81
P/E Ratio (Pre-IPO)9.33x
P/E Ratio (Post-IPO)14.97x
Net Offer to Public44,92,800 shares (aggregating up to ₹39.09 Cr)
Reserved for Market Maker2,78,400 shares (aggregating up to ₹2.42 Cr)
Pre-IPO Promoter Holding1,31,93,750 shares
Post-IPO Promoter Holding1,79,64,950 shares
About Classic Electrodes (India) Ltd.

Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a prominent Indian manufacturer specialising in welding consumables, including electrodes and MIG wires.The company manufactures welding electrodes and provides engineering solutions to domestic and international customers.Classic Electrodes offers a diverse range of welding consumables designed for various industrial applications.Their product line includes:Mild Steel Electrodes: Suitable for general-purpose welding tasks.Stainless Steel Electrodes: Designed for corrosion-resistant welding applications.Cast Iron Electrodes: Ideal for repairing cast iron components.Deep Penetration Electrodes: Engineered for heavy-duty welding requirements.MIG Wires: Used in metal inert gas welding processes.The company has two manufacturing units: Unit I in Dhulagarh, West Bengal, and Unit II in Jhajjar, Haryana. Previously in Bahadurgarh, Haryana, Unit III closed in FY 2023-2024. These units are strategically located in West Bengal, ensuring access to various transportation modes for efficient product distribution, raw material sourcing, and customer access.As of February 28, 2025, the company had an employee base of 95 permanent employees.Competitive Strength:Strong brand known for quality, reliability, and performance, trusted by industrial users and distributors in India and select global markets.Wide range of welding consumables: mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires.Modern production facility in West Bengal with automated processes.Focus on Quality and Certifications.Efficient supply chain and strong dealer relationships ensure timely product delivery.In-house Research & Development.

Objects of the Issue

Classic Electrodes (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Funding capital expenditure of our company to purchase Plant and Machinery
1.47
2
2 Repayment of a portion of certain outstanding borrowing availed by the company
10.00
3
3 Funding the working capital requirements of the company
16.60
4
4 General Corporate Purposes
9.28
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,31,93,750 shares
Post-IPO Promoter Holding 1,79,64,950 shares
Check AllotmentCheck Status →
Classic Electrodes (India) Ltd. — Live Price LIVE
₹87.00
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Issue ₹87.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹87
GMPNIL
Est. Listing₹87
Lot Size1,600 shares
Min Amount₹278,400
Listing Date01 Sep 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹87
Listing Date01 Sep 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 278,400 ₹2.42 Cr
TOTAL 4,771,200 100.00% ₹41.51 Cr
* Based on ₹87.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹87.00
Per Share
Min Investment
₹139,200
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹139,200
Retail (Max) 13 20,800 ₹1,809,600
sNII (Min) 14 22,400 ₹1,948,800
bNII (Min) 68 108,800 ₹9,465,600
Company Financials — Restated Consolidated (Amount in Crore)
Particulars28 Feb 202531 Mar 202431 Mar 2023
Revenue from Operations 187.90 194.41 151.13
EBITDA 19.24 23.04 8.54
Profit After Tax (PAT) 9.57 12.30 2.08
Net Worth 43.60 34.03 21.73
Total Assets 116.34 88.53 76.79
Reserves & Surplus 30.41 28.75 16.46
Total Borrowings 53.50 46.73 44.11
Key Ratios & Valuation
Issue Price ₹87
Face Value ₹10 Per Share
P/BV 2.63
RoE 24.66%
RoCE 17.68%
RoNW 21.95%
PAT Margin (%) 5.10%
EBITDA Margin (%) 10.24%
Debt / Equity 1.23
Company Details
Company
Classic Electrodes (India) Ltd.
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
1 A, Bonfield Lane Kolkata, West Bengal, 700001
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd.
Book Running Lead Manager (BRLM)