Classic Electrodes (India) Limited IPO
Classic Electrodes (India) Limited, incorporated in 1997, is a trusted and ISO certified (ISO‑9001, ISO‑14001, ISO‑45001) manufacturer of high-quality welding electrodes and MIG wires. For over two decades, the Company has delivered durable welded consumables to both domestic and international clients.
Business Model
The Company operates a B2B model, supplying a diverse range of welding consumables and engineered solutions to industries across India and globally, supported by a strong distribution network and customized product offerings.
Products
Classic Electrodes manufactures a comprehensive portfolio of welding consumables, including:
i) General-purpose, low-alloy, low-hydrogen, stainless steel, cast iron, hard-facing, reclamation, and non-ferrous electrodes
ii) Cutting & gauging electrodes and various MIG wires
Manufacturing Facilities
The Company runs two main production units—Unit I in Dhulagarh (West Bengal) producing electrodes and MIG wires, and Unit II in Jhajjar (Haryana) focused on MIG wire manufacturing. A third unit in Bahadurgarh (Haryana) was operational until FY 2023–24 before being closed. All facilities are strategically located for efficient sourcing, transportation, and distribution.
Growth & Infrastructure
i) Technological edge: The Company invests in R&D and advanced manufacturing technologies to enhance product quality and operational efficiency.
ii) Quality recognitions: Certifications from BIS, RDSO, and DGS&D; equipped with chemical and physical testing labs for robust quality assurance.
iii) Market expansion: Continuous enhancement of capacity and product mix, backed by experienced leadership and longstanding distribution capability, has solidified the Company’s market presence.
Objects of the Classic Electrodes (India) Limited IPO:
Classic Electrodes (India) Limited IPO Details:
Open Date: | Aug 22 2025 |
Close Date: | Aug 26 2025 |
Total Shares: | 47,71,200 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 41.51 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 82-87 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Classic Electrodes (India) Limited IPO:
Particulars | 11M FY25 | FY 2023-2024 | FY 2022-2023 | FY 2021-22 |
Revenue from Operations | 187.60 | 193.82 | 150.87 | 133.84 |
EBITDA | 19.24 | 23.03 | 8.54 | 6.07 |
EBITDA Margins | 10.24% | 11.85% | 5.65% | 4.52% |
PAT | 9.57 | 12.29 | 2.08 | 1.49 |
PAT Margins | 5.10% | 6.34% | 1.38% | 1.12% |
ROCE | 17.68% | 25.78% | 9.38% | 7.95% |
Debt to Equity Ratio(In Times) | 1.23 | 1.37 | 2.03 | 2.05 |
Operating Cash Flows | 1.24 | 2.85 | 1.68 | 1.24 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Classic Electrodes (India) Limited (FY24) | 193.82 | 11.85% | 6.34% | 25.78% | 1.37 | 156.29 | 12.72 |
D & H India Limited (FY25) | 209 | 7% | 2.30% | 13.50% | 1.12 | 158 | 27.7 |
Ador Welding Limited (FY25) | 1123 | 9% | 5.34% | 20.30% | 0 | 1596 | 36.9 |
Diffusion Engineers Ltd (FY25) | 335 | 13% | 10.70% | 14.70% | 0.06 | 1321 | 32.3 |
Note : Forward P/E is 14.97 According to FY25 PAT |
Lead Manager of Classic Electrodes (India) Limited IPO:
Registrar of Classic Electrodes (India) Limited IPO:
Discussion on Classic Electrodes (India) Limited IPO:
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