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Classic Electrodes IPO is a book build issue of ₹41.51 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹41.51 crore.
Classic Electrodes IPO bidding started from Aug 22, 2025 and ended on Aug 26, 2025. The allotment for Classic Electrodes IPO was finalized on Aug 28, 2025. Classic Electrodes IPO will list on NSE SME on Sep 1, 2025.
Classic Electrodes IPO price band is set at ₹87.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,78,400.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,17,600.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Wiinance Financial Services Pvt.Ltd..
Refer to Classic Electrodes IPO RHP for detailed Information.
| IPO Date | August 22, 2025 to August 26, 2025 |
| Listing Date | September 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹82 to ₹87 per share |
| Issue Price Final | ₹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 Wiinance Financial Services Pvt.Ltd. (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 offers total 47,71,200 shares. Out of which 22,43,200 (47.02%) allocated to QIB, 8,99,200 (18.85%) allocated to QIB (Ex- Anchor), 6,75,200 (14.15%) allocated to NII, 15,74,400 (33.00%) allocated to RII and 13,44,000 (28.17%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,78,400 (5.84%) |
| QIB Shares Offered | 22,43,200 (47.02%) |
| − Anchor Investor Shares Offered | 13,44,000 (28.17%) |
| − QIB (Ex. Anchor) Shares Offered | 8,99,200 (18.85%) |
| NII (HNI) Shares Offered | 6,75,200 (14.15%) |
| − bNII > ₹10L | 4,49,600 (9.42%) |
| − sNII < ₹10L | 2,25,600 (4.73%) |
| Retail Shares Offered | 15,74,400 (33.00%) |
| Total Shares Offered | 47,71,200 (100.00%) |
Classic Electrodes IPO raises ₹11.69 crore from anchor investors. Classic Electrodes IPO Anchor bid date is August 21, 2025. Classic Electrodes IPO Anchor Investors list
| Bid Date | August 21, 2025 |
| Shares Offered | 13,44,000 |
| Anchor Portion Size (In Cr.) | 11.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 26, 2025 |
Classic Electrodes IPO opens on August 22, 2025, and closes on August 26, 2025.
| IPO Open Date | Fri, Aug 22, 2025 |
| IPO Close Date | Tue, Aug 26, 2025 |
| 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 Tue, Aug 26, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,78,400 |
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a prominent Indian manufacturer specialising in welding consumables, including electrodes and MIG wires.
The company manufactures welding electrodes and provides engineering solutions to domestic and international customers.
Classic Electrodes offers a diverse range of welding consumables designed for various industrial applications.
Their product line includes:
The company has two manufacturing units: Unit I in Dhulagarh, West Bengal, and Unit II in Jhajjar, Haryana. Previously in Bahadurgarh, Haryana, Unit III closed in FY 2023-2024. These units are strategically located in West Bengal, ensuring access to various transportation modes for efficient product distribution, raw material sourcing, and customer access.
As of February 28, 2025, the company had an employee base of 95 permanent employees.
Competitive Strength:
| Period Ended | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 116.34 | 88.53 | 76.79 | 74.99 |
| Total Income | 187.90 | 194.41 | 151.13 | 134.37 |
| Profit After Tax | 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 |
| Reserves and Surplus | 30.41 | 28.75 | 16.46 | 14.37 |
| Total Borrowing | 53.50 | 46.73 | 44.11 | 40.21 |
| Amount in ₹ Crore | ||||
The market capitalization of Classic Electrodes IPO is ₹156.30 Cr.
KPI as of Fri, Feb 28, 2025.
| 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 Rs | 9.32 | 5.81 |
| P/E (x) | 9.33 | 14.97 |
The Company Classic Electrodes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding capital expenditure of our company to purchase Plant and Machinery | 1.47 |
| 2 | Repayment of a portion of certain outstanding borrowing availed by the company | 10.00 |
| 3 | Funding the working capital requirements of the company | 16.60 |
| 4 | General Corporate Purposes | 9.28 |
[Dilip Davda] CEIL is engaged in the business of manufacturing welding electrodes and related engineering solutions. It marked growth in its top lines for the reported periods. The sudden boost in its bottom lines from FY24 raise eyebrows and concern over its sustainability, as it operates in a highly competitive segment. Set of FY25 financials considered up to February 28, 2025 only, that is a big surprise. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | September 1, 2025 |
| BSE Script Code | |
| NSE Symbol | CLASSICEIL |
| ISIN | INE0UQ601012 |
| Final Issue Price | ₹87 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹100.00 |
| Low | ₹95.00 |
| High | ₹101.00 |
| Last Trade | ₹95.00 |
Classic Electrodes (India) Ltd.
1 A,
Bonfield Lane
Kolkata, West Bengal, 700001
Phone: +91 8336007981
Email: compliance@classicelectrodes.com
Website: http://www.classicelectrodes.com/
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 is a SME IPO of 47,71,200 equity shares of the face value of ₹10 aggregating up to ₹41.51 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
The IPO opens on August 22, 2025, and closes on August 26, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Classic Electrodes IPO using UPI as a payment gateway. Zerodha customers can apply in Classic Electrodes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Classic Electrodes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Classic Electrodes IPO opens on August 22, 2025 and closes on August 26, 2025.
Classic Electrodes IPO lot size is 1600, and the minimum amount required for application is ₹2,78,400, with 2 lots being the minimum application size.
You can apply in Classic Electrodes IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Classic Electrodes IPO will be done on Thursday, August 28, 2025, and the allotted shares will be credited to your demat account by Friday, August 29, 2025. Check the Classic Electrodes IPO allotment status.
The Classic Electrodes IPO listing date is on Monday, September 1, 2025.
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