Classic Electrodes (India) IPO
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Schedule of Classic Electrodes (India)
| Issue open date | 22 Aug 2025 |
| Issue close date | 26 Aug 2025 |
| UPI mandate deadline | 26 Aug 2025 (5 PM) |
| Allotment finalization | 28 Aug 2025 |
| Refund initiation | 28 Aug 2025 |
| Share credit | 29 Aug 2025 |
| Listing date | 01 Sep 2025 |
| Mandate end date | 10 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 26 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Classic Electrodes (India)
Classic Electrodes (India), established in 1997, is a manufacturer of welding consumables and engineering solutions serving domestic and international markets. The ISO 9001:2008 certified company operates two manufacturing units in West Bengal and Haryana, producing welding electrodes including general purpose, stainless steel, cast iron, and MIG wires. With Bureau of Indian Standards licensing and DGS&D registration, the company serves industries across construction, manufacturing, and heavy engineering sectors. Classic Electrodes’ 27-year operational experience, product range, and distribution network provide welding solutions to various industrial applications.
Financials of Classic Electrodes (India)
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹41.51 crores |
| Fresh Issue | ₹41.51 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding capital expenditure of our company to purchase Plant and Machinery | 10 (24%) |
| Repayment of a portion of certain outstanding borrowing availed by the company | 10 (24%) |
| Working capital requirements | 16.6 (40%) |
| General corporate purposes | 4.91 (12%) |
Strengths
- Established brand recognition for quality and reliability among industrial users and distributors
- Comprehensive product portfolio includes mild steel, stainless steel, cast iron electrodes, deep penetration electrodes, and MIG wires.
- Modern production facility in West Bengal utilises automated manufacturing processes.
- ISO certifications and quality management systems ensure consistent product standards.
- Established supply chain network and dealer relationships facilitate timely product delivery.
- In-house research and development capabilities support product innovation and customisation.
Risks
- Heavy domestic market dependence creates revenue vulnerability during downturns.
- Customer concentration without long-term contracts poses retention risks.
- Labour-intensive operations face unionisation and cost escalation risks.
- Bank borrowings require covenant compliance affecting financial flexibility.
- Third-party logistics dependency creates supply chain disruption risks.
Allotment Status for Classic Electrodes (India)
To check your allotment status – click here.
Subscription Figures for Classic Electrodes (India)
As per media reports (Link), the Grey Market Premium (GMP) of Classic Electrodes (India) is reported at ₹20 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on August 22, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 8.99 | 9.24 | 1.03x |
| NII | 6.75 | 9.61 | 1.42x |
| Retail | 15.72 | 42.49 | 2.70x |
| Total | 31.47 | 61.36 | 1.95x |