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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹41.51 Cr |
| Reserved for Market Maker | ₹2.42 Cr |
| Net Issue Size | ₹41.51 Cr |
| Fresh Issue | ₹39.09 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹82.00-87.00 per share |
| NSE Code | CLASSICEIL |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,200 shares · Multiples of 1,600 shares
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:
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:
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 |
| 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 |
| Amount in ₹ Crore | ||||
| KPI | Feb 28, 2025 |
|---|---|
| ROE | 24.66% |
| ROCE | 17.68% |
| Debt / Equity | 1.23% |
| RoNW | 21.95% |
| PAT Margin | 5.10% |
| EBITDA Margin | 10.24% |
| Price to Book Value | 2.63 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.32 | 5.81 |
| P/E (x) | 9.33 | 14.97 |
| Promoter Holding | 97.73% | 71.77% |
| Market Cap | ₹156.30 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 3.10 |
| 2 | Advertising and Marketing Expenses | 0.30 |
| 3 | Fees payable to the stock exchange(s) | 0.06 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 5 | Brokerage and Selling Commission (1)(2)(3) | 0.02 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.67 |
| Total | 4.15 |
Last Updated on 06-May-2026 11:30:35
