The Classic Electrodes IPO was subscribed overall 179.97 times on the last day, while the retail quota was subscribed 158.44 times, the QIB quota was subscribed 84.88 times, and the NII quota was subscribed 356.75 times, respectively.
Classic Electrodes IPO Details
Classic Electrodes has received approval from SEBI for its IPO of ₹41.51 crores, comprising a fresh issue of ₹41.51 crores with a face value of ₹10 each. It has a set price band of ₹82 to ₹87 Per Share.
Classic Electrodes Funds Utilisations
The proceeds raised from the fresh issue will be utilized to handle the capital expenditure of the company to purchase Plant and Machinery. Some funds will be used for the Repayment of a portion of certain outstanding borrowing availed by the company. Lastly, the remaining funds will be used for the company’s General Corporate Purposes.
Classic Electrodes Shares Distributions
Moreover, the retail category had 3,200 shares in a 2-lot size with a minimum application and a maximum category.
S-HNI got 4,800 shares in 3 lot sizes for the minimum category.
To participate in this IPO, each investor group has a tailored investment range
Retail Minimum Application:- ₹2,78,400.
Retail Maximum Application:-₹2,78,400.
S-Hni Minimum Application:- ₹4,17,600.
Classic Electrodes Subscription Duration
Started on August 22, 2025, and closed on August 26, 2025. The allotment was on August 28, 2025, and non-allottees got a refund on August 29, 2025. Classic Electrodes IPO listing is today, September 1, 2025.
About Classic Electrodes IPO
Incorporated in 1997, Classic Electrodes Limited is one of the growing companies engaged in the manufacturing of welding consumables, including electrodes and MIG wires. As of July 31, 2024, the company had a workforce of 78 permanent employees. Classic Electrodes delivers engineering solutions to both Indian and global clients.
Classic Electrodes manufactures a diverse range of welding consumables, such as mild steel, stainless steel, cast iron, and deep penetration electrodes, along with MIG wires, catering to various industrial applications. The company currently operates two manufacturing facilities – one in Dulagarh, West Bengal, and another in Jhajjar, Haryana. Its strategic presence in West Bengal provides advantages in terms of logistics, raw material availability, and customer accessibility, ensuring efficient operations.
Classic Electrodes IPO Financial Background
The company reported revenue of ₹194.41 crores in 2024 against ₹151.13 crores in 2023. The company reported a profit of ₹12.28 crores in 2024 against a profit of ₹2.08 crores in 2023.
