The opening date for the Classic Electrodes IPO is set for August 22, 2025, with the closing date on August 26, 2025. This IPO is categorized as a Book-Build Issue. The company aims to raise approximately ₹41.51 crores through the IPO, which includes a fresh issue of ₹41.51 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the Classic Electrodes IPO ranges from ₹82 to ₹87 per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) is 50%, and for High Net-worth Individuals (HNI) is 15%. The listing of the Classic Electrodes IPO on the NSE is scheduled for September 1, 2025, with the allotment date set for August 28, 2025.
In terms of financial performance, the company reported a revenue of ₹194.41 crores in 2024, an increase from ₹151.13 crores in 2023. Additionally, the profit for 2024 was reported at ₹12.28 crores, compared to a profit of ₹2.08 crores in 2023. Based on these financial results, it is advisable for IPO investors to consider applying for the IPO with a long-term perspective.
Classic Electrodes IPO Details
| IPO Open Date: | August 22, 2025 |
| IPO Close Date: | August 26, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹82 to ₹87 Per Share |
| Issue Size: | Approx ₹41.51 Crores |
| Fresh Issue: | Approx ₹41.51 Crores |
| Lot Size: | 1,600 Shares |
| Issue Type: | Book-Build Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Classic Electrodes IPO Market Lot
The Classic Electrodes IPO minimum market lot is 3,200 shares with ₹2,78,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,78,400 |
| Retail Maximum | 2 | 3,200 | ₹2,78,400 |
| S-HNI Minimum | 3 | 4,800 | ₹4,17,600 |
Classic Electrodes IPO Dates
The Classic Electrodes IPO date is August 22 and the close date is August 26. The Classic Electrodes IPO allotment will be finalized on August 28 and the IPO listing on September 1.
| IPO Open Date: | August 22, 2025 |
| IPO Close Date: | August 26, 2025 |
| Basis of Allotment: | August 28, 2025 |
| Refunds: | August 29, 2025 |
| Credit to Demat Account: | August 29, 2025 |
| IPO Listing Date: | September 1, 2025 |
Promoters of Classic Electrodes IPO
The promoters of the company are Mr. Hanuman Prasad Agarwal, Mr. Sushil Kumar Agarwal, Mr. Nitesh Agarwal, Mr. Sunil Kumar Mittal and M/s Alltime Suppliers Private Limited.
About Classic Electrodes IPO
About Classic Electrodes (India) Ltd.
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.
Classic Electrodes IPO Company Financial Report
The company reported revenue of ₹194.41 crores in 2024 against ₹151.13 crores in 2023. The company reported profit of ₹12.28 crores in 2024 against profit of ₹2.08 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹134.37 | ₹132.39 | ₹1.45 | ₹74.99 |
| 2023 | ₹151.13 | ₹148.34 | ₹2.08 | ₹76.79 |
| 2024 | ₹194.41 | ₹177.95 | ₹12.28 | ₹92.20 |
Classic Electrodes IPO Valuation – FY2024
Check Classic Electrodes IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 36.21% |
| ROCE: | 26.13% |
| EBITDA Margin: | 11.85% |
| PAT Margin: | 6.34% |
| Debt to equity ratio: | 1.35 |
| Earning Per Share (EPS): | ₹9.31 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.21% |
| Net Asset Value (NAV): | ₹25.71 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Gee Limited | 4.95 | 26.46 | 15.69 | 86.80 | 369.87 Cr. |
| Ador Welding Limited | 43.60 | 21.11 | 18.32 | 203.41 | 896.90 Cr. |