Classic Electrodes (India) Ltd (NSE SME)

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Classic Electrodes (India)

August 22, 2025 – August 26, 2025

Price ₹82 - ₹87
GMP Rumors * ₹22
Lot size 1600
Issue size ₹41.50 cr
Allotment Aug 28, 2025
Listing Sep 1, 2025

DHRP/RHP
Anchor
BOA
* info is indicative, not an investment advice.

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Live Rate

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Low
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P/E Ratio
*Source NSE/BSE

Classic Electrodes (India) Listing Price

Exchange Listing Price Gain/Loss %
NSE ₹100.00 +₹13.00 +14.94%
*Source NSE/BSE

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Shareholding Pattern

*Source NSE/BSE

Classic Electrodes (India) Subscription

Last updated on 26-Aug-2025 18:31:01

CategoryOfferedAppliedTimes
QIB8992007632160084.88
HNIs675200240894400356.77
bHNI449600189524800421.54
sHNI22560051369600227.7
Individual1572800249321600158.52
Total3147200566537600180.01
Application-Wise Breakup img
CategoryReservedAppliedTimes
HNIs (10L+)9414038149.34
HNIs (3-10L)479994212.64
Individual49277913158.36
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIB7.8266484.88
FII-178.29-
FI-27.24-
IC-15.31-
MF-2.99-
OTH-440.16-
HNIs5.872095.78356.77
bHNI3.911648.87421.54
sHNI1.96446.92227.7
Individual13.682169.1158.52
Total27.384928.88180.01
QIB Interest Cost Per Share (7 Days)
@7%
₹9.9		@8%
₹11.3		@9%
₹12.7		@10%
₹14.2		@11%
₹15.6		@12%
₹17

Classic Electrodes (India) Lot(s) Distribution

Category Lot(s) Qty Amount Reserved
bHNI 8 12800 1113600 94

Classic Electrodes (India) Reservation

Category Shares Offered %
Anchor 1345600 28.2%
QIB 899200 18.85%
HNI 675200 14.15%
INDIVIDUAL 1572800 32.96%
Market Maker 278400 5.84%
Total 4771200 100%

Classic Electrodes (India) About

IPO Reservation
Investor CategoryShares OfferedNo. of Shares
Individual32.96%1572800
BHNI9.42%449600
SHNI4.73%225600
QIB18.85%899200
Anchor28.20%1345600
Market Maker5.84%278400
Total 100.00%4771200
IPO Details
Total Issue Size47,71,200 shares (aggregating up to 41.5 Cr)
Fresh Issue47,71,200 shares (aggregating up to 41.5 Cr)
Issue TypeBookbuilding IPO
Listing AtNSE SME
Share Holding Pre Issue1,31,93,750 shares
Share Holding Post Issue1,79,93,750 shares
Reserved for Market Maker2,78,400 shares 
Market MakerWiinance Financial Service
Key Performance Indicators
KPIFeb-25Mar-24Mar-23
ROE24.66%44.11%10.08%
ROCE17.68%25.78%9.38%
D/E1.231.372.03
RONW36.14%9.59%7.60%
EPS
(basic)		7.269.321.58
P/E Pre IPO9.33
P/E Post IPO14.97
Financial Details In Crores
Period EndedFeb-25Mar-24Mar-23Mar-22
Assets116.388.576.875.0
Total Income187.9194.4151.1134.4
Profit After Tax9.612.32.11.5
EBITDA19.223.08.56.1
Net Worth43.634.021.719.7
Reserves and Surplus30.428.816.514.4
Total Borrowing53.546.744.140.2
Peer Comparision (Valuation)
CompanyP/E (x)CMP*(₹)Face value (₹)
Classic Electrodes (India) Limited--10
D & H India Limited28.93185.1510
Ador Welding Limited28.55985.110
Diffusion Engineers Ltd33.91325.210
Note: NAV based on FY 2025 financials (31-Mar-2025); P/E based on closing market price from BSE (05-Aug-2025) ÷ EPS (31-Mar-2025); RoNW based on FY 2025 financials (31-Mar-2025).
Peer Comparision (Financial Performance)
CompanyNAV/Share (₹)RoNW (%)EPS (Basic) (₹)
Classic Electrodes (India) Limited33.0521.957.26
D & H India Limited57.3810.976.4
Ador Welding Limited291.3811.8434.51
Diffusion Engineers Ltd98.569.739.59
About Company

Established: 1997

Headquarters: Kolkata, West Bengal, India

Core Business: Manufacturing of welding consumables

Products:

Mild Steel Electrodes

Stainless Steel Electrodes

Cast Iron Electrodes

Deep Penetration Electrodes

MIG Wires

Key Offerings: Welding electrodes & engineering solutions for domestic and international markets

Manufacturing Units:

Unit I – Dhulagarh, West Bengal

Unit II – Jhajjar, Haryana

Unit III – Bahadurgarh, Haryana (Closed in FY 2023–24)

Strategic Advantage: Proximity to transport networks for efficient distribution and sourcing

Employees (as of July 31, 2024): 78 permanent staff

Strength

Technical Expertise : Strong knowledge of electrode manufacturing processes, materials, and technologies.

Quality Control : Consistent production of high-quality electrodes that meet industry standards and client requirements.

Innovation : Ability to develop new designs, materials, and techniques to stay competitive and meet changing market needs.

Weakness

Heavy Dependence on Domestic Market : A major portion of revenue comes from domestic sales; any slowdown in this market could reduce market share and hurt financial performance.

Geographic Concentration of Manufacturing : All manufacturing facilities are located in limited regions, making operations vulnerable to local disruptions such as unrest, natural disasters, or service breakdowns.

Missing Historical Corporate Records : Some corporate documents filed since incorporation in 1997 are untraceable, which could pose compliance or legal challenges.

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Classic Electrodes (India) Latest Announcements

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*Source NSE/BSE

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Classic Electrodes (India) Financial Results

*Source NSE/BSE

Classic Electrodes (India) Lead Manager(s)

  1. GYR Capital Advisors Private Limited

Classic Electrodes (India) Address

1 A,
Bonfield Lane
Kolkata, West Bengal, 700001
Phone: +91 8336007981
Email: compliance@classicelectrodes.com
Website: http://www.classicelectrodes.com/

Classic Electrodes (India) Registrar

MUFG Intime India Private Limited - Link Intime
Address:

MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083

Classic Electrodes (India) Reviewers

Reviewer Recommendation File