Classic Electrodes IPO issue details, price band, and allotment schedule.
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Introduction
When I first read about the Classic Electrodes (India) Ltd. IPO, it immediately caught my attention. This isn’t just another SME IPO; it’s about a company that has built a reputation in welding consumables for nearly three decades. If you’re an investor hunting for IPOs with strong fundamentals, this one deserves a closer look.
Classic Electrodes IPO Details
Particulars
Details
IPO Type
Book Built Issue
Issue Size
₹41.51 Crores
Fresh Issue
47,71,200 shares
Price Band
₹82 – ₹87 per share
Lot Size
1,600 shares
Minimum Investment (Retail)
₹2,62,400 (3,200 shares)
Exchange
NSE SME
IPO Open Date
Aug 22, 2025
IPO Close Date
Aug 26, 2025
Allotment Date
Aug 28, 2025
Listing Date (Tentative)
Sep 1, 2025
Reservation Breakdown
Category
Shares Offered
% of Issue
Market Maker
2,78,400
5.84%
QIB
22,44,800
47.05%
NII (HNI)
6,75,200
14.15%
Retail
15,72,800
32.96%
Anchor
13,45,600
28.20%
This distribution highlights a strong institutional presence, a green flag for retail investors.
Anchor Investors
Anchor Portion Raised: ₹11.71 crore
Shares Offered: 13,45,600
Anchor Bid Date: Aug 21, 2025
Lock-in Period:
50% till Sep 27, 2025
Remaining till Nov 26, 2025
IPO Timeline
Event
Date
IPO Open
Aug 22, 2025
IPO Close
Aug 26, 2025
Allotment Finalization
Aug 28, 2025
Refund Initiation
Aug 28, 2025
Credit to Demat
Aug 29, 2025
Listing Date
Sep 1, 2025
Lot Size & Investment Requirements
Investor Type
Min Lots
Min Shares
Investment (₹)
Retail
2
3,200
2,78,400
S-HNI
3
4,800
4,17,600
B-HNI
8
12,800
11,13,600
Yes, the ticket size is steep for retail investors, but SME IPOs often come with higher entry barriers.
Promoter Holding
Holding
Pre Issue
Post Issue
Promoter Holding
97.73%
71.77%
That’s a significant dilution, but promoters are still retaining strong control.
About the Company
Founded in 1997 and based in Kolkata, West Bengal, Classic Electrodes (India) Ltd. manufactures welding consumables such as electrodes and MIG wires. Their facilities in West Bengal and Haryana ensure wide distribution across India.
They serve industries with products like:
Mild Steel Electrodes
Stainless Steel Electrodes
Cast Iron Electrodes
Deep Penetration Electrodes
MIG Wires
With 95 employees as of Feb 2025, the company runs a lean yet efficient operation.
Competitive Strengths
A trusted brand with decades of presence
Wide range of welding solutions
Strong dealer networks and supply chain
In-house R&D focus
Certified quality processes
Financial Performance
Particulars (₹ Cr)
Feb 2025
Mar 2024
Mar 2023
Mar 2022
Total Income
187.90
194.41
151.13
134.37
Profit After Tax
9.57
12.30
2.08
1.49
EBITDA
19.24
23.04
8.54
6.08
Net Worth
43.60
34.03
21.73
19.65
Borrowing
53.50
46.73
44.11
40.21
The sudden spike in profits post FY24 is impressive—but also raises the question: can they sustain this growth?
Key Performance Indicators (KPIs)
KPI
Value
ROE
24.66%
ROCE
17.68%
Debt/Equity
1.23
PAT Margin
5.10%
EBITDA Margin
10.24%
Price to Book
2.63
Objects of the Issue
Objective
Amount (₹ Million)
Purchase of Plant & Machinery
100
Repayment of Borrowings
100
Working Capital
166
General Corporate Purposes
Balance
IPO Review
Now, here’s where I’ll be candid.
Classic Electrodes has strong fundamentals, but the profit surge in FY24-25 feels almost too sharp. For conservative investors, that’s a red flag. Still, with a wide product base and a strong foothold in welding consumables, this IPO might appeal to those willing to bet on medium-term growth.
As reviewer Dilip Davda points out, “Well-informed investors may park moderate funds for medium term.”
Frequently Asked Questions (FAQs)
1. What is the Classic Electrodes IPO issue size?
The IPO size is ₹41.51 crores through a fresh issue of 47.71 lakh shares.
2. When does Classic Electrodes IPO open and close?
It opens on Aug 22, 2025 and closes on Aug 26, 2025.
3. What is the price band for Classic Electrodes IPO?
The price band is set at ₹82 – ₹87 per share.
4. What’s the minimum investment for retail investors?
Retail investors must apply for at least 2 lots (3,200 shares), amounting to ₹2,78,400.
5. Should I apply for this IPO?
If you’re comfortable with higher entry barriers and moderate risk, this IPO could be worth considering for the medium term.
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