Classic Electrodes IPO is a book build issue with a total size of ₹41.51 crore. The entire issue comprises a fresh issue of 0.48 crore shares worth ₹41.51 crore. The subscription for this IPO opens on August 22, 2025, and closes on August 26, 2025.
The allotment of shares is expected to be finalised on August 28, 2025. The IPO is scheduled to list on the NSE SME platform with a tentative listing date of September 1, 2025. The price band for Classic Electrodes IPO has been fixed between ₹82.00 and ₹87.00 per share.
Investors can apply with a minimum lot size of 1,600 shares. For retail investors, the minimum investment amount is ₹2,62,400 for 3,200 shares, while High Net-worth Individuals (HNI) are required to apply for at least 3 lots, which equals 4,800 shares, amounting to ₹4,17,600.
GYR Capital Advisors Private Limited is acting as the book running lead manager for the issue, while MUFG Intime India Private Limited is the registrar. Wiinance Financial Services Private Limited is the market maker.
Refer to the Classic Electrodes IPO RHP for complete details.
Industry Outlook
- The global welding consumables market was valued at US$16.9 billion in 2023 and is expected to reach US$25.9 billion by 2032, growing at a CAGR of 4.68% (2024–2032).
- In India, the welding consumables market stood at US$1.17 billion in 2023 and is projected to reach US$1.57 billion by 2028, with a higher CAGR of 6.1% (2023–2028).
- Rising investments in infrastructure projects such as roads, bridges, ports, and airports are fueling demand. India’s strong capital expenditure growth (10% increase to ₹11.21 lakh crore in FY26) and record exports (₹69.8 lakh crore in FY25, up 5.5% YoY) support industry expansion.
Classic Electrodes IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to allocate funds towards purchasing advanced plant and machinery, which will help enhance production capacity, improve efficiency, and support future business expansion.
- A portion of the proceeds will be used to repay certain outstanding loans. This will help the company lower its debt obligations, strengthen its balance sheet, and reduce interest costs.
- Funds will also be used to meet day-to-day operational expenses such as raw material procurement, employee costs, and other short-term business needs, ensuring smoother operations.
- The remaining funds will be deployed for general corporate purposes.
About Classic Electrodes (India) Limited
Classic Electrodes (India) Limited was incorporated in 1997 as a private limited company and later converted into a public limited company in 2009. Headquartered in Kolkata, the company has over two decades of experience in the manufacturing of welding electrodes and MIG wires, serving customers in both domestic and international markets.
The company offers a wide range of products, including general-purpose electrodes, stainless steel electrodes, low hydrogen electrodes, MIG wires, and other specialised welding consumables. Its focus on alloy development, quality, and design has helped it cater to diverse industrial needs and deliver reliable engineering solutions.
Classic Electrodes operates through two active manufacturing units – one in Dhulagarh, West Bengal, and another in Jhajjar, Haryana. These facilities are equipped with modern infrastructure for raw material procurement, product development, and quality testing. Earlier, a third unit in Bahadurgarh, Haryana was operational but was closed in FY 2023–24.
The company employs over 95 people across departments and maintains a strong distribution network across India. While manufacturing forms the core of its business, trading activities such as selling surplus raw materials, particularly wire rods, also contribute to its revenues. This approach allows the company to balance production efficiency with profitable trading opportunities.
Classic Electrodes holds ISO 9001:2008 certification and licenses from the Bureau of Indian Standards, reflecting its commitment to quality. With its strategic locations, strong product portfolio, and focus on specialised solutions, the company continues to strengthen its presence in the welding consumables industry.
How To Check the Allotment Status of Classic Electrodes IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Classic Electrodes IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Classic Electrodes IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Classic Electrodes IPO
Registered office: 1 A, Bonfield Lane, Kolkata, West Bengal, India- 700001
Phone: +91 8336007981
E-mail: compliance@classicelectrodes.com
Classic Electrodes IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares |
2,78,400 (5.84%) |
|
QIB Shares |
22,44,800 (47.05%) |
|
NII (HNI) Shares |
6,75,200 (14.15%) |
|
Retail Shares |
15,72,800 (32.96%) |
|
Total Shares |
47,71,200 (100.00%) |
Classic Electrodes IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
2 |
3,200 |
₹2,62,400 |
|
Individual investors (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 |
Classic Electrodes IPO Promoter Holding
The promoters of the company include Mr. Hanuman Prasad Agarwal, Mr. Sushil Kumar Agarwal, Mr. Nitesh Agarwal, Mr. Sunil Kumar Mittal and M/s Alltime Suppliers Private Limited.
|
Share Holding Pre-Issue |
97.73% |
|
Share Holding Post Issue  |
71.77% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Classic Electrodes IPO
|
KPI |
Value |
|
ROE (%) |
24.66 |
|
RoCE (%) |
17.68 |
|
Debt/Equity  |
1.23 |
|
PAT Margin (%) |
5.10 |
|
EBITDA Margin (%) |
10.24 |
Classic Electrodes IPO Prospectus
Classic Electrodes IPO Registrar and Lead Managers
Classic Electrodes IPO Lead Managers
- GYR Capital Advisors Private Limited
Registrar for Classic Electrodes IPO
MUFG Intime India Private Limited
- Contact Number: +91-22-4918 6270
- Email Address: ipo@linkintime.co.in
Classic Electrodes IPO Registrar
Financial Performance of Classic Electrodes (India) Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 19382.12 | 15087.13 |
| Profit/loss After Tax (in ₹ lakh) | 1,229.79 | 208.48 |
| Earnings per Equity Share (₹) | 9.32 | 1.58 |
| Net Worth (in ₹ lakh) | 3,403.18 | 2,173.39 |
| Return on Equity (%) | 44.11 | 10.08 |
| Return on Capital Employed (RoCE) (%) | 25.78 | 9.38 |
| EBITDA (in ₹ lakh) | 2,303.64 | 854.12 |
Know before investing
Strengths
8Strong technical expertise in electrode manufacturing ensures precision, quality, and reliability.
Consistent quality control helps meet industry standards and customer expectations seamlessly.
Ability to offer customised electrodes supports diverse client needs across industries.
Efficient supply chain management guarantees timely raw material sourcing and smooth operations.
Expanding into global markets boosts demand in aerospace, renewable, and electronics sectors.
Diversified product range strengthens customer base across varied industrial applications globally.
Leveraging nanotechnology enables advanced electrode development with improved performance benefits.
Eco-friendly initiatives support sustainable manufacturing and recyclable electrode material production growth.
Risks
8Heavy dependence on domestic sales; downturns may significantly reduce market share.
Manufacturing units concentrated in Dhulagarh and Jhajjar increase localised disruption risks.
Missing corporate records from 1997 may create compliance and governance-related challenges.
Pending approvals like Consent to Operate and product renewals may disrupt operations.
Trademark applications for ‘Captian’ and ‘Bullet Arc’ remain pending registration under law.
Statutory auditors highlighted ₹3.52 lakh interest non-provision under MSMED Act.
Expansion delays at Dhulagarh facility could cause higher costs and time overruns.
Receivables cycle of 30–120 days risks defaults impacting profits and cash flow.
Classic Electrodes (India) Limited Peer Comparison
| Company Name | Face Value (₹) | Market Price (₹) | EPS (₹) | RoNW (%) |
|---|---|---|---|---|
| Classic Electrodes (India) Ltd | 10.00 | [●] | 7.26 | 21.95 |
| D & H India Ltd | 10.00 | 185.15 | 6.40 | 10.97 |
| Ador Welding Ltd | 10.00 | 985.10 | 34.51 | 11.84 |
| Diffusion Engineers Ltd | 10.00 | 325.20 | 9.59 | 9.73 |
