Classic Electrodes (India) Limited IPO

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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:

Company intends to utilize the proceeds of the Issue to meet the following objects: 1. Funding capital expenditure to purchase Plant and Machinery (₹ 10 cr) 2. Repayment of a portion of certain outstanding borrowing (₹10 cr) 3. Working Capital requirements (₹16.60 cr) 4. General Corporate Purposes

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:

1. Mr. Hanuman Prasad Agarwal – Promoter, Chairman & Non-Executive Director, A commerce graduate with over 35 years of experience, he has been associated with the Company since its incorporation in 1997. He has played a key role in financial management and strategic growth of the group and also serves as the Managing Director of Kritika Wires Limited. 2. Mr. Sunil Kumar Mittal – Promoter & Director, A commerce graduate with 25+ years of experience, he has been a Director since 2009. Based in Kolkata, he leads marketing and sales, driving client relationships and strategic initiatives that strengthen the Company’s market presence. 3. Mr. Sushil Kumar Agarwal – Promoter & Managing Director, A commerce graduate with over 35 years of experience, he has been a Director since 2010. Based in New Delhi, he oversees manufacturing, finance, and overall operations in Haryana, contributing significantly to operational efficiency and financial stability.

Financials of Classic Electrodes (India) Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Classic Electrodes (India) Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Classic Electrodes (India) Limited IPO:

  1. Link Intime India Private Limited

Discussion on Classic Electrodes (India) Limited IPO:

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