Classic Electrodes (India) Limited
Bookbuilding IPO · NSE
- Price band
- ₹82 - ₹87
- Lot size
- 1,600 shares
- Issue amount
- ₹41.5 cr
- Total subscription
- 180.1×
- Opens
- 22 Aug 2025
- Closes
- 26 Aug 2025
- Allotment
- 28 Aug 2025
- Listing
- 1 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 47,71,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,31,200
- Fresh issue
- ₹41.5 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,39,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,31,93,750
- Shares after issue
- 1,79,93,750
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,78,400 |
| sHNI | 3 | 4,800 | ₹4,17,600 |
| bHNI | 8 | 12,800 | ₹11,13,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 71 |
| NIB | 0 | 24,032 |
| RETAIL | 492 | 77,913 |
| HNIs(10L +) | 94 | 14,038 |
| HNIs (2-10L) | 47 | 9,994 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.82 | 664 |
| RETAIL | 13.68 | 2,169.1 |
| HNIs 2+ | 1.96 | 446.92 |
| HNIs 10+ | 3.91 | 1,651.29 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.26 | 9.32 | 1.58 |
| ROE | 24.66 | 44.11 | 10.08 |
| ROCE | 17.68 | 25.78 | 9.38 |
| RONW | 36.14 | 9.59 | 7.6 |
| PRE IPO(PE) | 9.33 | 0 | 0 |
| POST IPO(PE) | 14.97 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Classic Electrodes (India) Limited, founded in 1997 and based in Kolkata, is a leading Indian manufacturer of welding consumables such as electrodes and MIG wires. The company serves both domestic and international markets with a wide range of products including mild steel, stainless steel, cast iron, deep penetration electrodes, and MIG wires for different industrial applications. It operates two manufacturing units, one in Dhulagarh, West Bengal, and another in Jhajjar, Haryana, while a third unit in Bahadurgarh was closed in FY 2023-24. Strategically located for easy access to raw materials and transportation, the company ensures efficient distribution. As of July 31, 2024, it employed 78 permanent staff members.
Strengths
- Manufacturing Expertise: strong knowledge of electrode processes, materials, and technologies
- Reliable Quality Standards: consistent production of electrodes that meet industry and client requirements
- Continuous Innovation: creating new designs, materials, and techniques to stay ahead in the market
Risk factors
- Domestic Market Reliance: majority of revenue from local sales, slowdown may affect market share and financials
- Regional Manufacturing Risk: facilities concentrated in few regions, vulnerable to unrest, disasters, or service issues
- Incomplete Corporate Records: missing documents since 1997 may lead to compliance or legal challenges
Promoters
Mr. Hanuman Prasad Agarwal
Mr. Sushil Kumar Agarwal
Mr. Nitesh Agarwal
Mr. Sunil Kumar Mittal
M/s Alltime Suppliers Private Limited
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1 A, Bonfield Lane Kolkata, West Bengal, 700001
+91 8336007981
[email protected]Company website ↗Understanding CLASSICEIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.