IPO - Initial Public Offerings

 CLASSICEIL

  

CLASSIC ELECTRODES (INDIA) LTD. IPO

22 Aug, 10:00 AM

Issue Open

26 Aug, 05:00 PM

Issue Close

1600

Lot Size

₹ 82.00 – ₹ 87.00

Price Range

IPO Issue Details

Issue size 41.51 Cr
Market Price 87.00
Registrar MUFG Intime India Pvt.Ltd
Face Value RS.10 /- Per share
Listing at NSE

About

CLASSIC ELECTRODES (INDIA) LTD. IPO
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: Mild Steel Electrodes: Suitable for general-purpose welding tasks. Stainless Steel Electrodes: Designed for corrosion-resistant welding applications. Cast Iron Electrodes: Ideal for repairing cast iron components. Deep Penetration Electrodes: Engineered for heavy-duty welding requirements. MIG Wires: Used in metal inert gas welding processes. 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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 3200 ₹ 2,78,400.00
Retail (Max) 2 3200 ₹ 2,78,400.00
S-HNI (Min) 3 4800 ₹ 4,17,600.00
S-HNI (Max) 8 12800 ₹ 11,13,600.00
B-HNI (Min) 9 14400 ₹ 12,52,800.00

IPO TimeLine

Open Date 22-Aug-2025
Close Date 26-Aug-2025
Basis of Allotment Date 28-Aug-2025
Initiation of Refunds 29-Aug-2025
Credit Shares to Demat A/c 29-Aug-2025
IPO Listing Date 01-Sep-2025