classic electrodes (india) limited

classic electrodes (india) limited

CLASSICEIL • ISIN: INE0UQ601012

NSE
SME

Listing Price: ₹100

+14.94% Gain
About Company

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:


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

Funding capital expenditure of our company to purchase Plant and Machinery

Repayment of a portion of certain outstanding borrowing availed by the company

Funding the working capital requirements of the company

General Corporate Purposes

₹87

Price Band

1.39 L

Min Investment

1600 shares

Lot Size

14.97x

P/E Ratio

Important Dates

Issue Opens

22 Aug 2025

Issue Closes

26 Aug 2025

Allotment

28 Aug 2025

Listing

1 Sept 2025

Subscription Status
QII

Qualified Institutional Investors

34.00x

76,321,600 / 2,244,800 shares

HNI (>₹10L)

High Networth Individuals (Above ₹10 Lakhs)

422.16x

189,803,200 / 449,600 shares

NII (<₹10L)

Non-Institutional Investors (Below ₹10 Lakhs)

227.70x

51,369,600 / 225,600 shares

Retail

Retail Individual Investors

158.52x

249,321,600 / 1,572,800 shares

Financial Performance
Offer Documents
RHP
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DHRP
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Issue Details
Issue TypeBB
Face Value₹10
Lead ManagersGYR Capital Advisors Pvt.Ltd.
Min Quantity3,200
Max Quantity5,747
Company Promoters
Mr. Hanuman Prasad Agarwal
Mr. Sushil Kumar Agarwal
Mr. Nitesh Agarwal
+2 more
Website

http://www.classicelectrodes.com/

Email

compliance@classicelectrodes.com

Phone+91 8336007981
Address

Classic Electrodes (India) Ltd.
1 A,
Bonfield Lane
Kolkata, West Bengal, 700001