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Classic Electrodes IPO
Classic Electrodes (India) Limited is coming up with an SME IPO on NSE Emerge as a fresh issue of 100 percent of 47,71,200 shares, amounting to ₹41.51 crore at a price band of ₹82-₹87 per share, without an offer-for-sale (OFS) component. IPO will open on 22nd August 2025 and close on 26th August 2025. The allotment basis is on 28 August, refunds and demat credits on 29 August and listing is done on 1 September 2025. The minimum retail application is 3,200 shares (2 lots), the lot size is 1,600 shares and the minimum investment required at the upper band is ₹2,78,400. The platform of listing is NSE Emerge (NSE SME).
Company Background
Classic Electrodes (India) Limited is a welding consumables producer with its headquarters located in Kolkata, with a focus on coated welding electrodes and welding wires used in India's industrial, fabrication, infrastructure, maintenance and engineering sectors. It also exports some of its products. The company recorded a robust growth in revenue of ₹133.84- ₹134.37 crore in FY22, ₹150.87- ₹151.13 crore in FY23 and ₹193.82- ₹194.41 crore in FY24 and PAT, which was ₹1.45 crore in FY22, increased to ₹2.08 crore in FY23 and ₹12.28 crore in FY24 indicating operating leverage and margin. GYR Capital Advisors is the merchant banker of Classic Electrodes IPO and the company submitted its DRHP on 28th August 2024 and proceeded to the present RHP and launch window in August 2025.
Operations & Product Range
Facility & Production
Classic Electrodes produces coated welding electrodes and welding wires in a multi-step production process, which includes raw material preparation, wire/rod processing, flux coating, baking/curing and quality testing before packaging and shipping, following industrial standards and approvals to institutional buyers. Fresh proceeds from the Classic Electrodes IPO are meant to finance the acquisition of plant and machinery, to raise throughput and to finance working capital cycles to enhance delivery schedules and to expand the order book.
Brands & Market Presence
The company markets its products to distributors, dealers and institutional customers in the Indian regions under its brand name and it engages in export markets where product approvals and demand conditions are favorable, contributing to a diversified presence and stable order flow due to the repetitive industrial demand. The market presence is supported through institutional approvals and quality orientation, which is the major factor in driving repeat orders in the welding consumables segment.
Revenue Channels
- Marketing of welding consumables (particularly coated electrodes and welding wires) to industrial customers, traders and distributors in India.
- Supplies to utilities and industrial customers, engineering/fabrication and maintenance projects under approved vendor lists.
- Choose export income where the certifications and specifications of the customers are satisfied and provide incremental growth on the basic business.
- Value-added/custom grades and prospective private-label orders, which contribute to realisations and margin profile, as well as volume growth.
Management & Shareholding
Promoters & Shareholding
The promoters are Hanuman Prasad Agarwal, Sushil Kumar Agarwal, Nitesh Agarwal, Sunil Kumar Mittal and Alltime Suppliers Private Limited, who are all leading the company and will experience proportional dilution with the 100% fresh issue, but will continue to control the company after listing.
Board Members
The board members of the Classic Electrodes IPO are experienced personnel from the industry, leading the company towards success.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Classic Electrodes IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Classic Electrodes IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 22, 2025 to August 26, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹82 to ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,71,200 shares (aggregating up to ₹41.51 Cr) |
| Reserved for Market Maker | 2,78,400 shares (aggregating up to ₹2.42 Cr) |
| Net Offered to Public | 44,92,800 shares (aggregating up to ₹39.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,31,93,750 shares |
| Share Holding Post Issue | 1,79,64,950 shares |
Classic Electrodes IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Aug 22, 2025 |
| IPO Close Date | IPO Close Date |
| Tentative Allotment | Thu, Aug 28, 2025 |
| Initiation of Refunds | Thu, Aug 28, 2025 |
| Credit of Shares to Demat | Fri, Aug 29, 2025 |
| Tentative Listing Date | Mon, Sep 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 26, 2025 |
Classic Electrodes IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200.00 | ₹2,78,400 |
| Individual investors (Retail) (Max) | 2 | 3,200.00 | ₹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
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 97.73% |
| Share Holding Post Issue | 71.77% |
Competitive Strength:
- ● The portfolio of diversified welding consumables products of 2 core product families, namely coated electrodes and welding wires and multiple end-use industries, reduces the risk of a single segment.
- ● Institutional approvals and quality/testing attention that facilitate order repeat and consistent consumables demand, which helps with order book visibility.
- ● Fresh 100% issue, with proceeds to go to capex, working capital and debt reduction, directly strengthening operations and balance sheet.
- ● SME listing (NSE Emerge) that offers access to capital markets to enable capacity expansion and market development in core industrial clusters.
Classic Electrodes IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 92.2 | 194.41 | 12.28 | 33.92 | 45.73 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 76.79 | 151.13 | 2 | 22 | 43.11 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 74.99 | 134.37 | 1.45 | 19.55 | 39.21 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objectives of Classic Electrodes IPO
- Investing in capital expenditure to buy plants and machinery to increase capacity and capabilities in electrodes and wires.
- Repayment/prepayment of some of the existing borrowings to enhance the balance sheet and interest coverage.
- Financing working capital needs to finance inventory, accounts receivable and longer order fulfillment cycles.
- General corporate objectives, such as brand, systems and market development programs, to achieve sustainable growth.
Conclusion
Classic Electrodes IPO is a low-risk core industrial consumables company with predictable replacement and project-driven demand. It has a 100% fresh SME IPO structure of ₹41.51 crore at a price range of ₹82–₹87, with planned capital expenditures, working capital and debt repayment to sustain growth.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
When does the Classic Electrodes IPO open?
The IPO will start on August 22, 2025 and close on August 26. On August 28, the allocation basis will take place, followed by the demat credit/refunds on August 29 and the listing on September 1, 2025.
-
What is the price band and issue size?
The price band is ₹82–₹87 per share and the total fresh issue size is 47,71,200 shares, amounting to around ₹41.51 crore and no OFS component.
-
What is the investor allocation?
The indicative SME allocation is QIB up to 50%, NII up to 15% and Retail up to 35% according to the data provided on SME IPO trackers.
-
Who are the promoters of Classic Electrodes IPO?
Alltime Suppliers Private Limited, Sushil Kumar Agarwal, Nitesh Agarwal, Hanuman Prasad Agarwal and Sunil Kumar Mittal are among the promoters.
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