Classic Electrodes (India) Limited
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₹22(25.29%)
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Having completed its public offering, Classic Electrodes (India) Limited's is now listed and trading on the NSE exchange as of Sep 01, 2025. The IPO raised cumulative capital of 47,71,200 Shares, including 47,71,200 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹82 to ₹87 and minimum investment requirement of 1600 shares. subscription activity between Aug 22, 2025 and Aug 26, 2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Aug 28, 2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Classic Electrodes (India) Limited, founded in 1997 and based in Kolkata, is a leading Indian manufacturer of welding consumables such as electrodes and MIG wires. The company serves both domestic and international markets with a wide range of products including mild steel, stainless steel, cast iron, deep penetration electrodes, and MIG wires for different industrial applications. It operates two manufacturing units, one in Dhulagarh, West Bengal, and another in Jhajjar, Haryana, while a third unit in Bahadurgarh was closed in FY 2023-24. Strategically located for easy access to raw materials and transportation, the company ensures efficient distribution. As of July 31, 2024, it employed 78 permanent staff members.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Manufacturing Expertise: strong knowledge of electrode processes, materials, and technologies
- Reliable Quality Standards: consistent production of electrodes that meet industry and client requirements
- Continuous Innovation: creating new designs, materials, and techniques to stay ahead in the market
- Domestic Market Reliance: majority of revenue from local sales, slowdown may affect market share and financials
- Regional Manufacturing Risk: facilities concentrated in few regions, vulnerable to unrest, disasters, or service issues
- Incomplete Corporate Records: missing documents since 1997 may lead to compliance or legal challenges
- Mr. Hanuman Prasad Agarwal
- Mr. Sushil Kumar Agarwal
- Mr. Nitesh Agarwal
- Mr. Sunil Kumar Mittal
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Classic Electrodes (India) Limited
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