Classic Electrodes (India) Ltd.

CLASSICEIL

Equity

NSE

Min. Investment

82,000.00

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IPO Details

Bidding Dates

22 Aug 25 - 26 Aug 25

Price Range ₹

82 - 87

Total Equity

29.82Cr

Lot Size

3200

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

22 Aug 2025

Offer end

26 Aug 2025

Allotment

28 Aug 2025

Refund initiation

28 Aug 2025

Demat transfer

29 Aug 2025

Listing

01 Sept 2025

About Company

Established in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes (India) Limited is a leading Indian manufacturer of welding consumables, catering to both domestic and international markets. The company produces a wide range of welding electrodes and MIG wires, offering solutions across diverse industrial applications. Its product portfolio includes Mild Steel Electrodes for general-purpose welding, Stainless Steel Electrodes for corrosion-resistant welding, Cast Iron Electrodes for repairing cast iron components, Deep Penetration Electrodes for heavy-duty requirements, and MIG Wires for advanced welding processes. The company operates through two manufacturing units: Unit I at Dhulagarh, West Bengal, and Unit II at Jhajjar, Haryana. Previously, it also operated Unit III in Bahadurgarh, Haryana, which was closed in FY 2023-24. These plants are strategically located to ensure efficient logistics, raw material sourcing, and customer accessibility. As of February 28, 2025, the company employed 95 permanent staff members, supported by a robust distribution network and dealer relationships. Classic Electrodes is recognized for its brand reliability, modern production capabilities, in-house R&D, focus on quality, and certifications that meet industry standards. Its efficient supply chain enables timely product delivery, strengthening customer trust in India and select overseas markets.

Year Founded

30-09-1997

Promotor Details

Hanuman Prasad Agarwal

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage97.7371.77
Share Capital1289375012893750

Offer to Public

34,27,200.00 Cr

Project Details

  • Funding capital expenditure of our company to purchase Plant and Machinery - 100cr
  • Repayment of a portion of certain outstanding borrowing availed by our company - 100cr
  • Funding the working capital requirements of the company - 166cr
  • General Corporate Purposes - 92.835cr

Objectives

  • Funding capital expenditure of our company to purchase Plant and Machinery
  • Repayment of a portion of certain outstanding borrowing availed by our company
  • Funding the Working Capital requirements of the company
  • General Corporate Purposes

Highlights

  • Over 25 years of industry presence with a strong reputation for reliability and performance in welding consumables.
  • Wide range of electrodes and MIG wires catering to general-purpose, corrosion-resistant, heavy-duty, and specialty welding needs.
  • Units in West Bengal and Haryana provide geographic advantage for raw material access and nationwide distribution.
  • Net worth rose from ₹19.65 crore in FY 2022 to ₹43.60 crore in FY 2025, reflecting capital build-up.
  • In-house research and certifications strengthen competitiveness and customer trust.

Challenges

  • Debt/Equity ratio of 1.23 indicates significant leverage, adding repayment and interest burden.
  • PAT fell from ₹12.30 crore in FY 2024 to ₹9.57 crore in FY 2025, showing margin pressure.
  • PAT margin of 5.10% and EBITDA margin of 10.24% are relatively thin compared to some industrial peers.
  • The shutdown of the Bahadurgarh unit in FY 2023-24 suggests operational or financial inefficiencies.
  • Faces strong competition from large domestic and global welding consumable manufacturers, which may affect pricing power.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20237,679.36527.75208.48208.481.5801
202511,908.391,319.38208.48208.481.5801
20249,303.38527.75955.67955.677.2434
20227,499.47527.75145.37145.371.1018
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