Classic Electrodes IPO Details
- IPO Type: Book Built Issue
- Issue Size: ₹41.51 Crores
- Fresh Issue: 0.48 Crore Shares (Entirely Fresh Issue)
- Face Value: ₹10 per share
- Price Band: ₹82 – ₹87 per share
- Listing Exchange: NSE SME
Classic Electrodes IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | August 22, 2025 |
| IPO Closes | August 26, 2025 |
| Basis of Allotment | August 28, 2025 |
| Refunds Initiation | August 29, 2025 |
| Credit of Shares to Demat | August 29, 2025 |
| Listing Date | September 1, 2025 |
Lot Size & Investment
- Lot Size: 1,600 shares
- Retail Minimum: 2 lots (3,200 shares) = ₹2,62,400
- HNI Minimum: 3 lots (4,800 shares) = ₹4,17,600
✅ Key Takeaway:
Classic Electrodes IPO is a mid-sized NSE SME issue with a relatively high retail minimum investment of ₹2.62 lakh, making it more suitable for serious SME investors rather than small-ticket retail participants.
Classic Electrodes IPO – Full Details
IPO Snapshot
- Company: Classic Electrodes (India) Ltd.
- Industry: Welding Consumables (Electrodes & MIG Wires)
- Incorporated: 1997, HQ in Kolkata, West Bengal
- Exchange Listing: NSE SME
- IPO Type: Book Building
- Issue Size: ₹41.51 Cr (Fresh Issue – 47,71,200 shares)
- Price Band: ₹82 – ₹87 per share
- Face Value: ₹10 per share
- Market Cap (Post-Issue): ₹156.30 Cr
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| Anchor Bidding | Aug 21, 2025 |
| IPO Opens | Aug 22, 2025 (Fri) |
| IPO Closes | Aug 26, 2025 (Tue) |
| Allotment Finalization | Aug 28, 2025 (Thu) |
| Refunds/UPI Mandate End | Aug 28, 2025 (Thu) |
| Demat Credit | Aug 29, 2025 (Fri) |
| Listing Date | Sep 1, 2025 (Mon) |
| UPI Mandate Cut-off | Aug 26, 2025, 5 PM |
Issue Structure
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| QIB (incl. Anchor) | 22,43,200 | 47.03% |
| Anchor | 13,44,000 | 28.18% |
| NII (HNI) | 6,75,200 | 14.16% |
| Retail | 15,72,800 | 32.98% |
| Market Maker | 2,78,400 | 5.84% |
| Total | 47,69,600 | 100% |
- Anchor Raised: ₹11.69 Cr (Aug 21, 2025)
- Lock-in: 50% till Sep 27, 2025; rest till Nov 26, 2025
Lot Size & Investment
| Investor Type | Lots | Shares | Investment (at ₹87) |
|---|---|---|---|
| Retail Min / 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 |
Promoters & Shareholding
- Promoters:
- Mr. Hanuman Prasad Agarwal
- Mr. Sushil Kumar Agarwal
- Mr. Nitesh Agarwal
- Mr. Sunil Kumar Mittal
- Alltime Suppliers Pvt. Ltd.
| Shareholding | % |
|---|---|
| Pre-Issue | 97.73% |
| Post-Issue | 71.77% |
Business Overview
Classic Electrodes manufactures welding consumables such as:
- Mild Steel Electrodes
- Stainless Steel Electrodes
- Cast Iron Electrodes
- Deep Penetration Electrodes
- MIG Wires
Facilities:
- Unit I – Dhulagarh, West Bengal
- Unit II – Jhajjar, Haryana
- Unit III – Closed in FY 2023-24
Employees: 95 (as of Feb 28, 2025)
Strengths:
- 25+ years in welding consumables
- Wide product range & pan-India dealer network
- In-house R&D and quality certifications
- Strong brand recognition in domestic & selective international markets
Financials (₹ in Cr)
| Period | 28 Feb 2025 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Assets | 116.34 | 88.53 | 76.79 | 74.99 |
| Total Income | 187.90 | 194.41 | 151.13 | 134.37 |
| PAT | 9.57 | 12.30 | 2.08 | 1.49 |
| EBITDA | 19.24 | 23.04 | 8.54 | 6.08 |
| Net Worth | 43.60 | 34.03 | 21.73 | 19.65 |
| Borrowings | 53.50 | 46.73 | 44.11 | 40.21 |
Key Ratios (KPI)
- ROE: 24.66%
- ROCE: 17.68%
- Debt/Equity: 1.23
- PAT Margin: 5.10%
- EBITDA Margin: 10.24%
- Price to Book: 2.63
- EPS (Pre-Issue): ₹9.32 → P/E 9.33x
- EPS (Post-Issue): ₹5.81 → P/E 14.97x
Objects of the Issue
| Purpose | Amount (₹ Mn) |
|---|---|
| Capex – Plant & Machinery | 100 |
| Debt Repayment | 100 |
| Working Capital | 166 |
| General Corporate Purposes | Balance |
Subscription Status (as of Aug 25, 2025 – Day 2, 6:55 PM)
- Overall: 15.76x
- QIB (Ex-Anchor): 3.01x
- NII: 20.32x
- Retail: 21.10x
- Applications Received: 11,937
Review & Analyst View
- Strengths: Established brand, steady revenue growth, decent margins, diversified products.
- Risks: High working capital needs, competitive industry, debt-heavy structure, sharp jump in FY24 profits raises sustainability concerns.
- Verdict (as per analyst review): Moderate listing gains possible. Suitable for medium-term investors with appetite for SME risks.
About Classic Electrodes (India) Limited
Founded in 1997, Classic Electrodes (India) Limited is one of India’s leading manufacturers of welding electrodes and consumables. For over 25+ years, we have been serving renowned domestic and global manufacturing industries with products that stand out for their quality, durability, and efficiency.
Our commitment to advanced technology and stringent quality control ensures every product is manufactured under the supervision of highly experienced engineers and technicians. This dedication has made our electrodes the preferred choice across diverse industrial applications.
Why Choose Classic Electrodes?
- Market Leadership: Over two decades of dominance in India’s welding consumables industry.
- Innovation-Driven: Adoption of the latest technologies to meet evolving industrial demands.
- Strong Leadership: Guided by professionals with 65+ years of collective market expertise and global exposure.
- Quality First Approach: Every product undergoes rigorous testing to ensure reliability and performance.
- Customer-Centric Strategy: Proven track record of delivering customer satisfaction and transformation support.
At Classic Electrodes, we are more than just a manufacturer — we are partners in progress, trusted by industries worldwide to deliver welding solutions that power productivity and growth.