Bookbuilding IPO | ₹42 Cr | Listed at NSE SME | Fri, Aug 22, 2025 - Tue, Aug 26, 2025
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. The shares got listed on NSE SME on Sep 1, 2025.
Classic Electrodes IPO price band is set at ₹87 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 (3,200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 22, 2025
IPO Close
Tue, Aug 26, 2025
Issue Price
₹87 per share
Market Cap (Pre-IPO)
₹156.30 Cr
| IPO Date | 22 to 26 Aug, 2025 |
| Listed on | Mon, Sep 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹87 |
| Issue Price | ₹87 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 47,71,200 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 2,78,400 shares Wiinance Financial Services Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 44,92,800 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 44,92,800 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,31,93,750 shares |
| Share Holding Post Issue | 1,79,64,950 shares |
| NSE Symbol | CLASSICEIL |
| ISIN | INE0UQ601012 |
Classic Electrodes IPO comprises a total issue size of 47,71,200 shares. The net offer to the public is 44,92,800 shares, after excluding 2,78,400 shares allotted on a firm basis. Of the Net offer 22,43,200 (49.93%) are allocated to QIB, 6,75,200 (15.03%) allocated to NII 15,74,400 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,43,200 | 49.93% | 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 | 15.03% | 14.15% |
| − bNII > ₹10L | 4,49,600 | 9.42% | |
| − sNII < ₹10L | 2,25,600 | 4.73% | |
| Retail Shares Offered | 15,74,400 | 35.04% | 33.00% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,78,400 | 5.84% | |
| Total Shares Offered | 47,71,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| 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 |
Classic Electrodes IPO raises ₹11.69 crore from anchor investors. Classic Electrodes IPO Anchor bid date is August 21, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Aug 21, 2025 |
| Shares Offered | 13,44,000 |
| Anchor Portion (₹ Cr.) | 11.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 25, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Feb 28, 2025 |
|---|---|
| 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 (₹) | 9.32 | 5.81 |
| P/E (x) | 9.33 | 14.97 |
| Promoter Holding | 97.73% | 71.77% |
| Market Cap | ₹156.30 Cr. |
The Classic Electrodes IPO is subscribed 179.97 times on August 26, 2025 6:20:00 PM (Day 3). The public issue subscribed 158.44 times in the individual investors category, 84.88 times in the QIB category, and 356.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 84.88 | 8,99,200 | 7,63,21,600 | 71 |
| NII* | 356.75 | 6,75,200 | 24,08,75,200 | 24,028 |
| bNII (bids above ₹10L) | 421.54 | 4,49,600 | 18,95,24,800 | |
| sNII (bids below ₹10L) | 227.62 | 2,25,600 | 5,13,50,400 | |
| Individual Investors | 158.44 | 15,72,800 | 24,91,96,800 | 77,874 |
| Total | 179.97 | 31,47,200 | 56,63,93,600 | 1,01,973 |
Total Application : 1,01,973
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.00 |
| 2 | Advertising and Marketing Expenses | 0.00 |
| 3 | Fees payable to the stock exchange(s) | 0.00 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.00 |
| 5 | Brokerage and Selling Commission (1)(2)(3) | 0.00 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹87.00 |
| Open | ₹100.00 |
| Low | ₹95.00 |
| High | ₹101.00 |
| Last Trade | ₹95.00 |
Lead Manager Reports
Classic Electrodes IPO is a SME IPO of 47,71,200 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹87 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Aug 22, 2025, and closes on Tue, Aug 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 Fri, Aug 22, 2025 and closes on Tue, Aug 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 Fri, Aug 29, 2025. Check the Classic Electrodes IPO allotment status.
The Classic Electrodes IPO listing date is on Mon, Sep 1, 2025.
