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Classic Electrodes IPO
Price Band
₹82.0–87.0
Issue Size
₹41.51 Cr
Lot Size
1,600 shares
Min Investment
₹278,400
2 LOTS MIN
GMP
+₹22.0 (25.29%)
Issue Price
₹87.0
Subject to Sauda
₹26800
Paid only if allotted
Classic Electrodes IPO AI Summary
- Classic Electrodes IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹82.0–₹87.0 per share, lot size 1,600 shares (min. investment ₹278,400, 2 lots minimum).
- Subscription window: 22 Aug–26 Aug 2025, listing on 01 Sep 2025.
- Current GMP is +₹22.0 (25.29%), an estimated listing price of ₹109 — unofficial and can change daily.
Classic Electrodes (India) Limited is a manufacturer of welding consumables with a strong market presence. The IPO aims to raise funds for capital expenditure, debt repayment, and working capital needs. Investors should consider the company's financial performance and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Classic Electrodes IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Classic Electrodes IPO Grey Market Premium (GMP) Today
GMP
+₹22.0
GMP %
+25.29%
Est. Listing
₹109.0
Updated: 25 Jul 2026 14:13
About the Company
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.
Company Financials (₹ Cr)
As of 2025-02-28
| Period Ended | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 116.34 | 88.53 | 76.79 | 74.99 |
| 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 |
| Reserves and Surplus | 30.41 | 28.75 | 16.46 | 14.37 |
| Total Borrowing | 53.50 | 46.73 | 44.11 | 40.21 |
Key Ratios
EPS
₹9.32
NAV
₹33.05
ROE
24.66%
ROCE
17.68%
RoNW
21.95%
P/B Value
2.63
P/E Ratio
9.33
Market Cap
₹156.30 Cr
PAT Margin
5.10%
Debt/Equity
1.23
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Diffusion Engineers Ltd | 98.56 | 9.73% | 33.91 | 9.59 | 9.59 |
| Ador Welding Ltd | 291.38 | 11.84% | 28.55 | 34.51 | 34.51 |
| D & H India Ltd | 57.38 | 10.97% | 28.93 | 6.4 | 6.4 |
| Classic Electrodes (India) Ltd. This IPO | 33.05 | 21.95% | — | 7.26 | 7.26 |
Promoters
Hanuman Prasad Agarwal, Sushil Kumar Agarwal, Nitesh Agarwal, Sunil Kumar Mittal and Alltime Suppliers Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure of Company to purchase Plant and Machinery 1.47 2 Repayment of a portion of certain outstanding borrowing availed by the company 10.00 3 Funding the working capital requirements of the Company 16.60 4 General Corporate Purposes 9.28 5 Issue Expenses 4.15 Total 41.51
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹151.13 Cr in the year ending 31 Mar 2023, increasing to ₹194.41 Cr by 31 Mar 2024, before slightly declining to ₹187.90 Cr as of 28 Feb 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹2.08 Cr for the year ending 31 Mar 2023, rising to ₹12.30 Cr by 31 Mar 2024, before decreasing to ₹9.57 Cr as of 28 Feb 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹87.0, Classic Electrodes has an implied P/E of approximately 9.33 times its earnings, compared to peers trading at P/E ratios ranging from 28.55 to 33.91.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the stock may list at a premium to its issue price, while a negative GMP indicates the opposite. GMP can fluctuate based on market sentiment and demand for the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors with a low-risk appetite or those seeking guaranteed returns may want to avoid IPOs, as they can be volatile and subject to market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 22 Aug 2025 and closes on 26 Aug 2025. Allotment of shares is expected by 28 Aug 2025, with the listing date set for 1 Sep 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO start trading on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. It's essential to be aware of the risks involved in trading on listing day.
This evaluation is generated from Classic Electrodes's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Classic Electrodes IPO GMP today?
Classic Electrodes IPO GMP today is +₹22.0 (25.29%), indicating an estimated listing price of ₹109. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Classic Electrodes IPO?
The price band of Classic Electrodes IPO is ₹82.0–₹87.0 per share.
When does Classic Electrodes IPO open and close?
Classic Electrodes IPO opens on 22 August 2025 and closes on 26 August 2025.
When does Classic Electrodes IPO list on the stock exchange?
Classic Electrodes IPO listed on 01 September 2025 at ₹109.0.
What is the lot size for Classic Electrodes IPO?
The lot size for Classic Electrodes IPO is 1600 shares, requiring a minimum investment of ₹278,400 (2 lots).
What is the price band for the Classic Electrodes IPO?
The price band for the Classic Electrodes IPO is ₹82.0 to ₹87.0.
What is the lot size for the Classic Electrodes IPO?
The lot size for the Classic Electrodes IPO is 1600 shares.
What is the minimum investment required for the Classic Electrodes IPO?
The minimum investment required for the Classic Electrodes IPO is ₹278,400.
When is the listing date for the Classic Electrodes IPO?
The listing date for the Classic Electrodes IPO is 1 Sep 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares may list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Aug 2025
Close
26 Aug 2025
Allotment
28 Aug 2025
Listing
01 Sep 2025
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