Classic Electrodes Limited – IPO
Classic Electrodes Limited – IPO Details
| IPO Date | August 22, 2025 to August 26, 2025 |
| Listing Date | September 1, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 82 to ₹ 87 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 47,71,200 shares (Aggregating up to ₹41.51 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| 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 |
| Market Maker portion |
Classic Electrodes Limited Timeline (Tentative Schedule)
Classic Electrodes Limited IPO opens on August 22, 2025, and closes on August 26, 2025.
| IPO Open Date | August 22, 2025 |
| IPO Close Date | August 26, 2025 |
| Basis of Allotment | August 28, 2025 |
| Initiation of Refunds | August 28, 2025 |
| Credit of Shares to Demat | August 29, 2025 |
| Listing Date | September 1, 2025 |
| Cut-off time for UPI mandate confirmation | August 26, 2025 |
Classic Electrodes Limited IPO Lot Size
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 |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | Rs.278,400 |
| Retail (Max) | 2 | 3,200 | Rs.278,400 |
| S-HNI (Min) | 3 | 4,800 | Rs.417,600 |
| S-HNI (Max) | 7 | 11,200 | Rs.974,400 |
| B-HNI (Min) | 8 | 12,800 | Rs.1,113,600 |
| HNI (Min) |
Classic Electrodes Limited IPO Promoter Holding
| Share Holding Pre Issue | 97.73% |
| Share Holding Post Issue | 71.77% |
Classic Electrodes Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Classic Electrodes Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Classic Electrodes Limited
Founded in 1997 and with its headquarters in Kolkata, West Bengal, Classic Electrodes (India) Limited is a leading Indian manufacturer dealing in welding consumables, such as electrodes and MIG wires. The firm produces welding electrodes and offers engineering solutions to local and overseas clients. Classic Electrodes deals with a wide variety of welding consumables that can be used for industrial purposes.
Their products include:
Mild Steel Electrodes: Used for general-purpose welding applications.
Stainless Steel Electrodes: Formulated for anti-corrosion welding applications.
Cast Iron Electrodes: Suitable for cast iron part repair.
Deep Penetration Electrodes: Built for heavy-welding demands.
MIG Wires: Applied in metal inert gas welding processes.
The firm has two plants: Unit I at Dhulagarh, West Bengal, and Unit II at Jhajjar, Haryana. Unit III in Bahadurgarh, Haryana, shut down earlier in FY 2023-2024. The plants are situated strategically in West Bengal to facilitate availability of modes of transport for effective distribution of products, raw material availability, and customer reachability.
As of July 31, 2024, the firm employed 78 permanent employees.
Competitive Strength:
Strong brand recognized for its quality, reliability, and performance, being trusted by Indian industry users and distributors and selected international markets.
Large product range in welding consumables: mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires.
State-of-the-art West Bengal manufacturing facility with mechanized processes.
Strategic focus on Quality and Certifications.
Well-planned supply chain and robust dealer network for timely product delivery.
In-house Research & Development.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.66% |
| ROCE | 17.68% |
| Debt/Equity | 1.23 |
| RoNW | 21.95% |
| P/BV | |
| PAT Margin (%) | 5.10% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Objects of the Issue ( Classic Electrodes Limited IPO Objectives)
Classic Electrodes Limited Contact Details
Classic Electrodes (India) Ltd. 1 A, Bonfield Lane Kolkata, West Bengal, 700001 Phone: +91 8336007981 Email: [email protected] Website: http://www.classicelectrodes.com/ |
Classic Electrodes Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |