classic electrodes (india) limited IPO
IPO Overview
Classic electrodes (india) limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹— crores. The IPO price band is set at ₹87 per share, and retail investors can apply with a minimum investment of ₹2.78 L as per IPO guidelines.
The Classic electrodes (india) limited IPO opens on 22 Aug 2025 and closes on 26 Aug 2025. The IPO allotment is expected to be finalized on 28 Aug 2025, and the equity shares are proposed to be listed on NSE on 1 Sept 2025.
Investors can refer to the Classic electrodes (india) limited IPO RHP-DRHP for detailed information. The issue is managed by GYR Capital Advisors Pvt.Ltd. as the book running lead manager, while MUFG Intime India Private Limited (Link Intime) is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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:
Mild Steel Electrodes: Suitable for general-purpose welding tasks.
Stainless Steel Electrodes: Designed for corrosion-resistant welding applications.
Cast Iron Electrodes: Ideal for repairing cast iron components.
Deep Penetration Electrodes: Engineered for heavy-duty welding requirements.
MIG Wires: Used in metal inert gas welding processes.
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:
Strong brand known for quality, reliability, and performance, trusted by industrial users and distributors in India and select global markets.
Wide range of welding consumables: mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires.
Modern production facility in West Bengal with automated processes.
Focus on Quality and Certifications.
Efficient supply chain and strong dealer relationships ensure timely product delivery.
In-house Research & Development.
Investment Objective
Repayment of a portion of certain outstanding borrowing availed by the company
Funding the working capital requirements of the company
General Corporate Purposes