Classic Electrodes (India) Limited IPO

Classic Electrodes (India) Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹82 - ₹87

Total Issue

₹41.51 Cr

Bid Dates

22 Aug - 26 Aug

Subscription

180.10x

Est. GMP

₹17 (19.54%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Classic Electrodes are engaged in the business of manufacturing of welding electrodes and providing engineering solutions to customers both in domestic and international markets. Company has been in existence for twenty-seven years now and provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc.

Lot Info

Lot Information for Classic Electrodes IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,78,400
Individual (Max) 2 3,200 ₹2,78,400
S-HNI (Min) 3 4,800 ₹4,17,600
S-HNI (Max) 7 11,200 ₹9,74,400
B-HNI (Min) 8 12,800 ₹11,13,600
Market Maker
2,78,400 EQ Shs
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹41.51 Cr
Fresh Issue
₹41.51 Cr (0.48 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹17
Est. Price ₹104
Est. Gain 19.54%

Classic Electrodes IPO Peer Comparison

(Rs. in crores)

Classic Electrodes IPO Peer Comparison Table
Particulars Classic Electrodes D & H India Ador Welding Diffusion Engineers
Revenue from Ops (in Crs.) 187.60 209.13 1,122.68 335.20
PAT (In Crs.) 9.57 5.15 60.05 36.04
EPS - Basic 7.26 6.40 34.51 9.59
NAV per share 33.05 57.38 291.38 98.56
RONW 21.95% 10.97% 11.84% 9.73%
EBITDA 10.24% 7.18% 9.58% 14.04%
PAT Margin 5.10% 2.46% 5.35% 10.48%
Price to earning (PE) 11.98 28.93 28.55 33.91

All information pertains to Feb-25 for Co and FY 25 for others. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 7, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Classic Electrodes IPO
Particulars Feb-25 Mar-24 Mar-23 Mar-22
Revenue from Operations 187.60 193.82 150.87 133.84
Profit after Tax 9.57 12.30 2.08 1.49
Net Worth 43.60 34.03 21.73 19.65
Total Borrowing 53.50 46.73 44.11 40.21
Total Assets 116.34 88.53 76.79 74.99
NAV per share (in ₹) 33.05 25.79 16.47 14.89
EPS - Basic (in ₹) 7.26 9.32 1.58 1.13

KPIs

EBITDA

10.24%

PAT

5.10%

RONW

21.95%

ROCE

17.68%

Debt to Equity

1.23

PE Ratio

11.98

PB Ratio

2.63

Mkt Cap (in Crs.)

156.30

All the data pertains to period till Feb-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

97.73%

Public

2.27%

Alltime Suppliers 22.00%
Panchshul Merchants 16.67%
Gunnayak Commercial 15.16%
Others 43.90%

Management

Sushil Agarwal Managing Director
Ashish Murarka CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

GYR Capital GYR Capital

Subscription Status

Updated as on 26-Aug-2025 19:00:42 hrs

Category Sub (x) Offered Bids
QIB 84.88x 8,99,200 7,63,21,600
NII 356.77x 6,75,200 24,08,94,400
bHNI 421.54x 4,49,600 18,95,24,800
sHNI 227.70x 2,25,600 5,13,69,600
Individual Investor 158.52x 15,72,800 24,93,21,600
Total 180.01x 31,47,200 56,65,37,600

Frequently Asked Questions

What is Classic Electrodes IPO?
Classic Electrodes IPO is a SME IPO having an issue size of ₹41.51 Crs. Classic Electrodes IPO is priced at ₹82 - ₹87 per share. The issue opens on 22 Aug 25 and closes on 26 Aug 25.
When will Classic Electrodes IPO open?
Classic Electrodes IPO opens on 22 Aug 25 and closes on 26 Aug 25.
What is the GMP of Classic Electrodes IPO?
The estimated Grey Market Premium of Classic Electrodes IPO is ₹17 per share (19.54%).
What is the lot size of Classic Electrodes IPO?
The minimum lot size of Classic Electrodes IPO is 1600 shares & the minimum application amount is Rs. 139200.
When is the allotment of Classic Electrodes IPO?
The allotment date of Classic Electrodes IPO is 28 Aug 25.
What is the listing date of Classic Electrodes IPO?
The listing date of Classic Electrodes IPO is 01 Sep 25.
What is the subscription of Classic Electrodes IPO?
Classic Electrodes IPO is subscribed 180.10 times.
What is the price band of Classic Electrodes IPO?
Classic Electrodes IPO is priced at ₹82 - ₹87 per share.
How to check allotment status of Classic Electrodes IPO?
Click the allotment link on Classic Electrodes IPO page of IPO360.
How to apply Classic Electrodes IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Classic Electrodes IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Classic Electrodes IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Classic Electrodes IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date