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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Classic Electrodes (India) Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹87
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,39,200
Issue Size
₹41.51 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.73%
Promoter Holding (Post-Issue)
71.77%
Issue Type
Book Building - SME
ISIN
INE0UQ601012
We are engaged in the business of manufacturing of welding electrodes and providing engineering solutions to customers both in domestic and international markets. Our Company has been in existence for twenty-seven years now and provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc.
In 2023, the welding consumables market was valued at US$ 1.17 billion. Looking ahead, International Market Analysis Research Analysis and Consulting Group forecasts that the market will reach US$ 1.57 billion by 2028, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2028. The growth of the welding consumables sector is further aided by the rise of businesses including heavy engineering, energy, oil and gas, shipbuilding, railroads, power, transportation, and automotive, as these industries require ongoing plant construction and maintenance. As India strives to become a global manufacturing hub, the need for welding consumables would surge. Government initiatives such as the National Infrastructure Pipeline, which will invest approximately Rs.111 lakh crore in infrastructure from fiscal years 2020 to 2025 in sectors such as heavy engineering, roads, urban infrastructure, and railways, as well as industrial reforms such as `Make in India' and `Atmanirbhar Bharat', will support growth in the welding consumables sector. The Indian heavy engineering capital goods industry projected to clock a CAGR of 7-8% over FY 23-26. The industry expected to reach Rs 3300-3400 billion in size by FY26. Heavy electrical engineering, earthmoving, construction and Mining Machinery, and Process Plant Equipment are the largest segments of the industry.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
initial public offer of 47,71,200 equity shares of face value Rs.10/- each (the "Equity Shares") of Classic Electrodes (India) Limited ("the company" or the "issuer") for cash at an issue price of Rs. 87/- per equity share (including a securities premium of Rs. 77/- per equity share) ("issue price"), aggregating to Rs. 41.51 crores (the "issue") of which 2,78,400 equity shares aggregating to Rs. 2.42 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 44,92,800 equity shares of face value of Rs. 10/- each at an issue price of Rs.87/- per equity share aggregating to Rs. 39.09 crores is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute 26.56% and 25.01% respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally incorporated as `Classic Electrodes (India) Private Limited' a private limited company under the Companies Act, 1956 at Calcutta, West Bengal, pursuant to a certificate of incorporation dated September, 30, 1997, issued by the Registrar of Companies, Kolkata ("RoC"). Thereafter, name of our Company was changed from `Classic Electrodes (India) Private Limited' to `Classic Electrodes (India) Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on April 18, 2009 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Kolkata on June 13, 2009. Our Company's Corporate Identity Number is U70100WB1997PLC085600.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY25 (Feb), FY25 (Mar) and FY26.