Classic Electrodes (India) Limited IPO

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Classic Electrodes (India) Limited IPO

Classic Electrodes are engaged in the business of manufacturing of welding electrodes and providing engineering solutions to customers both in domestic and international markets. Company has been in existence for twenty-seven years now and provides a wide range of product offerings including 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, Mig Wires etc.

Price Band

₹82 - ₹87

Dates

22 Aug - 26 Aug

GMP

₹17 (19.54%)
Subscriptions

180.10 times

Issue Size

₹41.51 Crs
Classic Electrodes IPO Key Dates
Opening Date

22 Aug 25

Closing Date

26 Aug 25

Basis Of Allotment

28 Aug 25

Initiations Of Refund

28 Aug 25

Credit Of Shares

29 Aug 25

Listing Date

01 Sep 25

Classic Electrodes IPO Objects

  1. Funding capital expenditure of our company to purchase Plant and machinery
  2. Repayment of certain outstanding borrowings availed by our company
  3. Funding the working capital requirements of the company
  4. General Corporate Purposes

Classic Electrodes IPO Details
Price Band

₹82 - ₹87

Listing At

NSE SME
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹41.51 Cr (0.48 Cr Shares)
Offer For Sale

₹0.00 (0.00 Shares)
Total Issue

₹41.51 Cr (0.48 Cr Shares)
Face Value

₹10 per equity share
Classic Electrodes IPO Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 2 3,200 2,78,400
Maximum 2 3,200 2,78,400
Small HNI
Minimum 3 4,800 4,17,600
Maximum 7 11,200 9,74,400
Big HNI
Minimum 8 12,800 11,13,600
Classic Electrodes IPO Subscription

Updated as on 26-Aug-2025 19:00:42 hrs

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 84.88 8,99,200 7,63,21,600
NII 357.19 6,75,200 24,11,72,800
bNII 422.16 4,49,600 18,98,03,200
sNII 227.70 2,25,600 5,13,69,600
Retail 158.52 15,72,800 24,93,21,600
Total 180.10 31,47,200 56,68,16,000
Classic Electrodes IPO GMP

The estimated Grey Market Premium of Classic Electrodes IPO is ₹17 per share (19.54%)

Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.

Category Allocation
Particulars Allocation
QIB Not more than 50% of Net Offer
NII Not less than 15% of Net Offer
Retail Not less than 35% of Net Offer
Market Maker 2,78,400 EQ Shs
Classic Electrodes IPO Financials

(Rs. in crores)

Particulars Feb-25 Mar-24 Mar-23 Mar-22
Revenue from Operations 187.60 193.82 150.87 133.84
Profit after Tax 9.57 12.30 2.08 1.49
Net Worth 43.60 34.03 21.73 19.65
Total Borrowing 53.50 46.73 44.11 40.21
Total Assets 116.34 88.53 76.79 74.99
NAV per share (in ₹) 33.05 25.79 16.47 14.89
EPS - Basic (in ₹) 7.26 9.32 1.58 1.13

The financial information presented is on a consolidated basis.

Key Performance Indicators
KPI Values
EBITDA 10.24%
PAT 5.10%
RONW 21.95%
ROCE 17.68%
Debt to Equity 1.23
PE Ratio 11.98
PB Ratio 2.63
Mkt Cap (in Crs.) 156.30

All the data pertains to period till Feb-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Classic Electrodes IPO Peer Comparision

(Rs. in crores)

Particulars Classic Electrodes D & H India Ador Welding Diffusion Engineers
Revenue from Ops (in Crs.) 187.60 209.13 1,122.68 335.20
PAT (In Crs.) 9.57 5.15 60.05 36.04
EPS - Basic 7.26 6.40 34.51 9.59
NAV per share 33.05 57.38 291.38 98.56
RONW 21.95% 10.97% 11.84% 9.73%
EBITDA 10.24% 7.18% 9.58% 14.04%
PAT Margin 5.10% 2.46% 5.35% 10.48%
Price to earning (PE) 11.98 28.93 28.55 33.91

All information pertains to Feb-25 for Co and FY 25 for others. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 7, 2025 for Peers

Classic Electrodes IPO Peer Comparision

(Rs. in crores)

Particulars Classic Electrodes
Revenue from Ops (in Crs.) 187.60
PAT (In Crs.) 9.57
EPS - Basic 7.26
NAV per share 33.05
RONW 21.95%
EBITDA 10.24%
PAT Margin 5.10%
Price to earning (PE) 11.98
D & H India Ador Welding Diffusion Engineers
209.13 1,122.68 335.20
5.15 60.05 36.04
6.40 34.51 9.59
57.38 291.38 98.56
10.97% 11.84% 9.73%
7.18% 9.58% 14.04%
2.46% 5.35% 10.48%
28.93 28.55 33.91

All information pertains to Feb-25 for Co and FY 25 for others. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 7, 2025 for Peers

Promoter Details
Name Shareholding
Alltime Suppliers 22.00%
Panchshul Merchants 16.67%
Gunnayak Commercial 15.16%
Others 43.90%
Total 97.73%
Management Details
Name B
Sushil Agarwal Managing Director
Ashish Murarka CFO
Company Details

Name: Classic Electrodes (India) Limited

Address: 1 A, Bonfield Lane,
Kolkata, West Bengal,
India- 700001

Number: +91 8336007981

Email: compliance@classicelectrodes.com

Website: http://www.classicelectrodes.com/

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Classic Electrodes IPO is a SME IPO having an issue size of Rs. ₹41.51 Crs. Classic Electrodes IPO is priced at ₹82 - ₹87 per share. The issue opens on 22 Aug 25 and closes on 26 Aug 25.

Classic Electrodes IPO opens on 22 Aug 25 and closes on 26 Aug 25.

The estimated Grey Market Premium of Classic Electrodes IPO is ₹17 per share (19.54%).

The minimum lot size of Classic Electrodes IPO is 1600 shares & the minimum application amount is Rs. 139200.

The allotment date of Classic Electrodes IPO is 28 Aug 25.

The listing date of Classic Electrodes IPO is 01 Sep 25.

Classic Electrodes IPO is subscribed 180.10 times.

Classic Electrodes IPO is priced at ₹82 - ₹87 per share.

Click the allotment link on Classic Electrodes IPO page of IPO360.

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  2. Select the IPO you want to apply
  3. Enter your bid details and price
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  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Classic Electrodes IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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