Classic Electrodes (India) Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,243,200 (47%) | — | ₹1,952 Cr |
| NII (HNI) | — | 675,200 (14%) | — | ₹587 Cr |
| Retail | — | 1,574,400 (33%) | — | ₹1,370 Cr |
| Market Maker | — | 278,400 (6%) | — | ₹24 Cr |
| Σ Total | — | 4,771,200 (100%) | — | ₹41,509 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹139,200 |
| Retail (Max) | 13 | 20,800 | ₹1,809,600 |
| S-HNI (Min) | 14 | 22,400 | ₹1,948,800 |
| B-HNI (Min) | 67 | 107,200 | ₹9,326,400 |
Financial Statements Amount in Crore
| Metric | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 188 | 194 | 151 |
| EBITDA | 19 | 23 | 9 |
| Profit After Tax | 10 | 12 | 2 |
| Net Worth | 44 | 34 | 22 |
| Total Assets | 116 | 89 | 77 |
| Reserves & Surplus | 30 | 29 | 16 |
| Total Borrowing | 54 | 47 | 44 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.