Classic Electrodes IPO description – Classic Electrodes specializes in manufacturing welding electrodes and providing engineering solutions to clients in both domestic and international markets. The company offers a diverse range of products, 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, and MIG wires.
Classic Electrodes operates from two manufacturing facilities: Unit I in Dhulagarh, West Bengal, and Unit II in Jhajjar, Haryana. Recently, the company closed its Unit III located in Bahadurgarh, Haryana. Unit I focuses on the production of MIG wires and welding electrodes, while Unit II is exclusively dedicated to MIG wire production. For the fiscal year 2023-24, the total manufacturing capacity of both units is projected at 10,608 MT for electrodes and 8,600 MT for MIG wires.
In addition to standard products, Classic Electrodes also produces specialized consumables, including low-hydrogen, low-alloy, stainless steel, cast iron, hard surfacing, and reclamation electrodes. As of 28 February 2025, the company employs over 95 individuals across various departments.
Promoters of Classic Electrodes (India) – Mr. Hanuman Prasad Agarwal, Mr. Sushil Kumar Agarwal, Mr. Nitesh Agarwal, Mr. Sunil Kumar Mittal, and Alltime Suppliers Private Limited
Table of Contents
Classic Electrodes IPO Details
| Classic Electrodes IPO Dates | 22 – 26 August 2025 |
| Classic Electrodes Issue Price | INR 82 – 87 per share |
| Fresh issue | 47,71,200 shares (INR 39.12 – 41.51 crore) |
| Offer For Sale | Nil |
| Total IPO size | 47,71,200 shares (INR 39.12 – 41.51 crore) |
| Minimum Bid | 3,200 shares (INR 2,78,400) |
| Lot Size | 1,600 shares (INR 1,39,200) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
Classic Electrodes Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 11M FY 2025 | |
| Revenue | 133.84 | 150.87 | 193.82 | 187.60 |
| Expenses | 132.39 | 148.34 | 177.95 | 175.00 |
| Net income | 1.45 | 2.08 | 12.28 | 9.57 |
Classic Electrodes Offer News
- Classic Electrodes RHP
- Classic Electrodes Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Classic Electrodes Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | FY 2025* | |
| EPS | 1.13 | 1.58 | 9.32 | 5.81 |
| PE ratio | – | – | 8.8 – 9.33 | 14.11 – 14.97 |
| RONW (%) | 7.60 | 9.59 | 36.14 | 21.95 |
| NAV | 14.89 | 16.47 | 25.79 | 33.05 |
| ROCE (%) | 7.95 | 9.38 | 25.78 | 17.68 |
| EBITDA (%) | 4.52 | 5.65 | 11.85 | 10.24 |
| Debt/Equity | 2.05 | 2.03 | 1.37 | 1.23 |
*Valuation data for eleven months of FY25
Classic Electrodes IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 August 2025 | 10 | – | 17,500 |
| 29 August 2025 | 15 | – | 21,000 |
| 28 August 2025 | 18 | – | 21,500 |
| 27 August 2025 | 18 | – | 21,500 |
| 26 August 2025 | 20 | – | 25,200 |
| 25 August 2025 | 20 | – | 25,200 |
| 23 August 2025 | 20 | – | 25,200 |
| 22 August 2025 | 22 | – | 26,700 |
| 21 August 2025 | 22 | – | 26,700 |
| 20 August 2025 | 22 | – | 26,700 |
| 19 August 2025 | 22 | – | 26,700 |
| 18 August 2025 | 16 | – | 20,500 |
Classic Electrodes IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 9,00,800 | 6,75,200 | 15,72,800 | 31,48,800 |
| 26 Aug 2025 | 84.73 | 357.16 | 158.44 | 179.96 |
| 25 Aug 2025 | 3.00 | 20.68 | 20.68 | 15.62 |
| 22 Aug 2025 | 1.03 | 1.42 | 2.68 | 1.94 |
The market maker reservation portion of 2,78,400 shares and the anchor investor portion of 13,44,000 shares are not included in the above calculations.
Classic Electrodes IPO Allotment Status
Classic Electrodes IPO allotment status is now available on MUFG Intime’s website. Click on this link to get the allotment status.
Classic Electrodes IPO Dates & Listing Performance
| IPO Opening Date | 22 August 2025 |
| IPO Closing Date | 26 August 2025 |
| Finalization of Basis of Allotment | 28 August 2025 |
| Initiation of refunds | 28 August 2025 |
| Transfer of shares to demat accounts | 29 August 2025 |
| IPO Listing Date | 1 September 2025 |
| Opening Price on NSE SME | INR 100 per share (up 14.94%) |
| Closing Price on NSE SME | INR 95 per share (up 9.20%) |
Classic Electrodes Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower, Drive-in Road,
Thaltej, Ahmedabad-380 054, Gujarat, India
Phone: +91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
Classic Electrodes Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Classic Electrodes Issue Contact Details
CLASSIC ELECTRODES LIMITED
Unit 201, 2nd Floor, Bus Terminus and Commercial Complex,
Plot BG-12 AA-1 B, New Town, North 24 Parganas,
New Town, West Bengal, India 700156
Phone: +91 8336007981
E-mail: [email protected]
Website: www.classicelectrodes.com
IPO FAQs
What is the Classic Electrodes’ offer size?
Classic Electrodes offer size is INR 39.12 – 41.51 crores.
What is Classic Electrodes’ offer price band?
Classic Electrodes’ public offer price is INR 82 – 87 per share.
What is the lot size of Classic Electrodes IPO?
Classic Electrodes offer lot size is 1,600 shares.
What is Classic Electrodes IPO GMP today?
Classic Electrodes IPO GMP today is INR 10 per share.
What is the Classic Electrodes kostak rate today?
Classic Electrodes kostak rate today is INR NA per application.
What is the Classic Electrodes IPO Subject to Sauda rate today?
Classic Electrodes’s Subject to Sauda rate today is INR 17,500 per application.