Classic Electrode (India) Co., Ltd.The leading manufacturer of soldered electrodes and MIG wires, today announced the launch of its initial public offering (IPO) to raise Rs 415 crore By issuing 47,71,200 fresh stocks.
The IPO will be open on Friday, August 22, 2025 and will be closed on Tuesday, August 26, 2025. The price band has been determined to be Rs 82 to Rs 87 per share. After issuance, the shares will be listed on the NSE Emerge platform and will be tentatively listed on Monday, September 1, 2025.
GYR Capital Advisors Private Limited serves as the book chief manager for the issue, while MUFG Intime India Private Limited will serve as the registrar. The market makers for the issue are Giriraj Stock Broking Private Limited and Winance Financial Services Private Limited.
Utilization of IPO revenue
The funds raised will be used to:
- Capital expenditure on purchasing factories and machinery
- Repay certain outstanding loans
- Funds operating capital requirements
- General company purpose
IPO allocation and investor retention
-
The basis for the distribution is expected to be on Thursday, August 28, 2025, and the stock will attribute it to the Demat account on Friday, August 29, 2025.
-
No more than 50% of net problems will be allocated to qualified institutional buyers (QIBs).
-
At least 35% of net problems will be retained for individual investors.
-
At least 15% of net problems will be allocated to non-institutional investors (NIIS) and subcategorise small and large HNIs.
The minimum size of individual investors can apply for 3,200 shares (2 batches), and they need to invest Rs 2,78,400 in the upper price band. For HNIS, the minimum application is 4,800 shares (3 batches) and the price rate is Rs 4,17,600.
Business and growth prospects
Founded in 1997, Classic Electrode (India) Co., Ltd. West Bengal and Haryana,merge Installed capacity is 10,608 tons of electrodes and 8,600 tons of MIG wires each year. The company caters to industries that are diversified, including capital expenditures driven by capital expenditures, electricity, rail, automobiles, shipbuilding, renewable energy and defense.
The company is also trying to Magnetic flux wire production, annual production capacity of 2,000 tons,become Do this first in eastern Indiaand is being strategically automated to improve productivity and scalability. It has invested Rs 8.55 lakh in CAPEX through internal accruals, and Rs 147.49 lakh in IPO proceeds have been designated for mechanical acquisitions.
Financial Highlights
-
Revenue for the period ended February 28, 2025 was Rs 187,601,800.
-
Revenue increased by 28.47% from Rs 1508.713 lakh in fiscal 2023 to Rs 193,821.2 crore in fiscal 2024.
-
PAT margin significantly increased from 1.38% in fiscal 2023 to 6.34% in fiscal 2024, with a PAT rate of 5.10% for the 11 months to February 2025.
Certification and approval
Classic Electrodes (India) Ltd. has multiple industry certifications that enable it to participate in a variety of projects including:
-
RDSO registration For different grades of electrodes and MIG wires
-
BIS certification From the Indian Standards Agency
-
Indian Transport Approval Register Consumables for welding for marine construction
-
ISO Certification
With its strong industry positioning, expansion capabilities and focus on high-growth areas, Classic Electrodes (India) Co., Ltd. can achieve sustainable growth and value creation after listing well.
Classic Electrodes (India) Ltd has the necessary approval for participating in large infrastructure, railway and defense projects. These include RDSO registration for MMAW electrodes, BIS certification of the Indian Standards Agency, welding cargo approved for ship construction of ships of the Indian Transport Register, registration of the Bureau of Supply and Disposal (DGS&D) and ISO certification and ISO certification.
This article comes from Brand Table. It is recommended that users take discretion.
