Classic Electrodes (India) Limited is a leading Indian manufacturer of welding consumables, catering to both domestic and international markets. The company specializes in electrodes and MIG wires, offering engineering solutions across multiple industrial applications.
Product Portfolio:
- Mild Steel Electrodes – for general-purpose welding
- Stainless Steel Electrodes – for corrosion-resistant use
- Cast Iron Electrodes – for repairing cast iron parts
- Deep Penetration Electrodes – for heavy-duty welding
- MIG Wires – for metal inert gas welding
Manufacturing Units:
- Unit I – Dhulagarh, West Bengal
- Unit II – Jhajjar, Haryana
(Earlier Unit III in Bahadurgarh, Haryana was closed in FY 2023-24)
Strategically located plants enable efficient sourcing, distribution, and customer access.
As of July 31, 2024, the company employed 78 permanent employees.
Classic Electrodes IPO – Details
| IPO Opening Date | 22 August 2025 |
| IPO Closing Date | 26 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 47,71,200 Shares Worth ₹41.51 Crore Fresh Issue: 47,71,200 Shares Worth ₹41.51 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 – ₹87 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Classic Electrodes IPO – Date Schedule
| IPO Open Date | 22 August 2025 |
| IPO Close Date | 26 August 2025 |
| Basis of Allotment | 28 August 2025 |
| Initiation of Refund | 29 August 2025 |
| Credit of Shares to Demat | 29 August 2025 |
| IPO Listing Date | 01 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 26, 2025 |
Classic Electrodes IPO – Lots Size & Price
| Application | Lots | Shares | 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 |
Competitive Strengths
- 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..
Company Promoters
- Mr. Hanuman Prasad Agarwal
- Mr. Sushil Kumar Agarwal
- Mr. Nitesh Agarwal
- Mr. Sunil Kumar Mittal
- M/s Alltime Suppliers Private Limited.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2022 | ₹134.37 Cr | ₹132.39 Cr | ₹1.45 Cr | ₹39.21 Cr |
| 31 March 2023 | ₹151.13 Cr | ₹148.34 Cr | ₹2.08 Cr | ₹43.11 Cr |
| 31 March 2024 | ₹194.41 Cr | ₹177.95 Cr | ₹12.28 Cr | ₹45.73 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.32 | 5.81 |
| P/E (x) | 9.33 | 14.97 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding capital expenditure of our company to purchase Plant and Machinery. | ₹10.00 |
| Repayment of a portion of certain outstanding borrowing availed by the company. | ₹10.00 |
| Funding the working capital requirements of the company. | ₹16.60 |
| General Corporate Purposes. | – |
✅Strengths
- Diverse welding products.
- Strong brand & market presence.
- Strategic manufacturing units.
- Focus on quality & R&D.
- Industrial & export demand.
⚠️Risks
- Raw material price volatility.
- High industry competition.
- Debt reliance.
- Limited plant locations.
- Dependence on key customers.
Classic Electrodes IPO Promoter Holding
| Pre Issue Share Holding | 97.73% |
| Post Issue Share Holding | 71.77% |
Classic Electrodes IPO Prospectus
Company Contact Information
| Classic Electrodes (India) Ltd. 1 A, Bonfield Lane Kolkata, West Bengal, 700001 Phone: +91 8336007981 Email: compliance@classicelectrodes.com Website: http://www.classicelectrodes.com/ |
Classic Electrodes IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: classicelectrodes.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Classic Electrodes IPO Lead Manager(s)
| 1. GYR Capital Advisors Pvt.Ltd. |
Classic Electrodes IPO FAQ
| What is Classic Electrodes IPO? Classic Electrodes IPO is an SME IPO. The issue is priced at ₹82 – ₹87 per equity share. The IPO is to be listed on NSE SME. |
| When Classic Electrodes IPO will open? The IPO is to open on 22 August 2025 for QIB, NII, and Retail Investors. |
| What is Classic Electrodes IPO Investors Portion? The investors’ portion for QIB – 50, NII – 15%, and Retail – 35%. |
| How to Apply the Classic Electrodes IPO? You can apply Classic Electrodes IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Classic Electrodes IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Classic Electrodes IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Classic Electrodes IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Classic Electrodes IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Classic Electrodes IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Classic Electrodes IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Classic Electrodes IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Classic Electrodes IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Classic Electrodes IPO Size? Classic Electrodes IPO size is ₹41.51 Crore. |
| What is the Classic Electrodes IPO Price Band? Classic Electrodes IPO Price Band is ₹82 – ₹87. |
| What is Classic Electrodes IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,78,400 amount, while the maximum bid is 3200 Shares with ₹2,78,400. |
| What is the Classic Electrodes IPO Allotment Date? Classic Electrodes IPO allotment date is 28 August 2025. |
| What is the Classic Electrodes IPO Listing Date? Classic Electrodes IPO listing date is 01 September 2025. The IPO is to be listed on the NSE SME. |
