- POSITIVE
Annual Revenue Classic Electrodes Mar-2026 Annual Revenue is Rs 244 Cr which is growth of 18.5% YoY.
- POSITIVE
Annual Net Profit Classic Electrodes Mar-2026 Annual Net Profit is Rs 13 Cr which is growth of 8.8% YoY.
Classic Electrodes (India) was incorporated on September 30, 1997. The company has been engaged in manufacturing welding electrodes and providing engineering solutions for over 27 years. Its wide product range includes general purpose, low alloy, low hydrogen, stainless steel, hard facing, cast iron, non-ferrous, low heat input, cutting and gauging electrodes, as well as MIG wires, catering to both domestic and international markets
| Bidding Dates |
|---|
| 22 Aug 2025 - 26 Aug 2025 |
| Subscription |
|---|
| 165.39x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹262,400 | 2 | 2 | 1600 | 4.8 M | ₹82 - ₹87 | 71.77 % | ₹391.2 M - ₹415.1 M | RHP DOC |
Classic Electrodes IPO SUBSCRIPTION STATUS
26 Aug '25Total165.39x
Retail Individual Investor207.85x
HNI (NII) Investors469.13x
Qualified Institutional Buyers44.54x
Classic Electrodes IPO overall subscription rate was 165.39 times the total available shares
Classic Electrodes IPO retail subscription rate was 207.85 times in the retail segment
Classic Electrodes IPO non-institutional investor subscription rate was 469.13 times in the non-institutional investor category
Classic Electrodes IPO Qualified Institutional Bidder subscription rate was 44.54 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Aug 2025 (Day 3) | 207.85x | 469.13x | 44.54x |
25 Aug 2025 (Day 2) | 27.11x | 27.16x | 1.58x |
22 Aug 2025 (Day 1) | 3.51x | 1.86x | 0.54x |
Classic Electrodes FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 11MFY25 | 187.6 | 9.5 | 1.2 | -2.1 | 10.2% |
| FY24 | 193.8 | 12.3 | 2.9 | 1.7 | 11.9% |
| FY23 | 150.9 | 2.1 | 1.7 | -0.3 | 5.7% |
| FY22 | 133.8 | 1.5 | 1.2 | -3.2 | 4.5% |
Classic Electrodes IPO SUBSCRIPTION STATUS DETAILS
Classic Electrodes had 4.8 M shares on offer
Classic Electrodes IPO offer price was in the range ₹82 - ₹87
Classic Electrodes IPO minimum Investment was ₹262400
Classic Electrodes IPO issue size was ₹ 391.2 M - ₹ 415.1 M
Classic Electrodes had a minimum lot size of 1600 Shares per application
Classic Electrodes NUMBER OF SHARES ON OFFER
Total4.8 M
Fresh Issue4.8 M
Offer for Sale0
Post Issue Promoter Holding %71.77 %
Classic Electrodes IPO IMPORTANT DATES
| Issue Open Date | 22 Aug 2025 |
| Issue close Date | 26 Aug 2025 |
| Allotment Date | 28 Aug 2025 |
| Refund Date | 29 Aug 2025 |
| Demat Account Credit Date | 29 Aug 2025 |
| Listing Date | 01 Sep 2025 |
| Listing on Exchange(s) | NSE |
| Classic Electrodes Allotment Status | Exchange/ Registrar |
Classic Electrodes IPO subscription opened on 22 Aug 2025, and closed on 26 Aug 2025
IPO allotment for Classic Electrodes was finalized on Thursday, 28 Aug 2025
IPO listing for Classic Electrodes was on NSE on Monday, 01 Sep 2025
Classic Electrodes IPO LISTING GAINS
| Issue Price (adjusted) | 87.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 95.0 |
| Listing Gain% | 14.9% |
| Current Gain% | -41.3% |
Classic Electrodes Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Classic Electrodes (India) Ltd. | 51 | 91.7 | 7.3 | 0.8 | 0.4 | 13.3 | 9.4 | 244.2 | 18.5 | 12.6 | 8.8 | 7 | 8.8 |
| Esab India Ltd. | 5500.5 | 8466.9 | 38.2 | 1.3 | 5.4 | 48.1 | 29.6 | 1514.2 | 9.6 | 206.7 | 17.8 | 144.1 | 29.1 |
| Shivalik Bimetal Controls Ltd. | 1066.4 | 6142.9 | 57.9 | 2 | 10 | 19.9 | 15.1 | 583.1 | 11.9 | 95.9 | 24.4 | 18.4 | 29.3 |
| Ador Welding Ltd. | 1570.4 | 2732.9 | 24.1 | 0.1 | 2.3 | 14.8 | 9.8 | 1158.2 | 1.5 | 82 | 36.5 | 65.2 | 213.2 |
| Diffusion Engineers Ltd. | 464.4 | 1738.1 | 31.8 | 0.9 | 4 | 12.4 | 9.8 | 421.6 | 22.4 | 50.3 | 40.1 | 14.6 | 33.9 |
| Gala Precision Engineering Ltd. | 1157.8 | 1483.9 | 40 | 1.1 | 4.5 | 12.1 | 9.5 | 319.9 | 32.1 | 35.5 | 32.2 | 29 | 37.2 |
Annual
Balance Sheet
Ratios
Cash Flow
Classic Electrodes annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|
17.4% | 22% | 244.2 | 206.1 | 194.4 | 151.1 | 134.4 | 90.5 | 84.2 | ||
Operating Exp. Ann. | 15.7% | 20.8% | 220.3 | 183.8 | 171.2 | 142.4 | 128 | 85.5 | 78.2 | |
Operating Profit Ann. | 38.5% | 38.7% | 22.6 | 22 | 22.6 | 8.5 | 5.8 | 4.4 | 5.6 | |
OPM Ann. % | 18.2% | 13.8% | 9.26% | 10.65% | 11.64% | 5.61% | 4.32% | 4.85% | 6.61% | |
15.3% | 20.7% | 227.1 | 191.2 | 178 | 148.3 | 132.4 | 88.8 | 81.9 | ||
EBITDA Ann. | 40.1% | 36.7% | 23.9 | 22.3 | 23.2 | 8.7 | 6.3 | 5 | 6 | |
EBITDA Ann. margin % | 19.2% | 12.2% | 9.78% | 10.81% | 11.94% | 5.77% | 4.71% | 5.51% | 7.15% | |
Interest Ann. | 0% | 8.4% | 3.6 | 5.1 | 4.6 | 3.6 | 3.1 | 2.4 | 2.5 | |
Depr. | 10.1% | 26.2% | 3.2 | 2.3 | 2.2 | 2.4 | 1.3 | 1 | 1.1 | |
PBT Ann. | 82.8% | 58.7% | 17.1 | 14.9 | 16.5 | 2.8 | 2 | 1.7 | 2.4 | |
Tax Ann. | 84.6% | 61.5% | 4.4 | 3.3 | 4.2 | 0.7 | 0.5 | 0.4 | 0.6 | |
82.2% | 60.3% | 12.7 | 11.6 | 12.3 | 2.1 | 1.5 | 1.2 | 1.8 | ||
Net Profit Ann. | 81.7% | 60% | 12.6 | 11.6 | 12.3 | 2.1 | 1.5 | 1.2 | 1.8 | |
NPM Ann. % | 55.6% | 30.6% | 5.20% | 5.64% | 6.34% | 1.38% | 1.11% | 1.37% | 2.10% | |
EPS Adj. latest Ann. | 80% | 58.5% | 7 | 6.5 | 6.9 | 1.2 | 0.8 | 0.7 | 1 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
18.5%
2Y CAGR
12.1%
3Y CAGR
17.4%
5Y CAGR
22%
Net Profit Ann.
1Y CHG
8.6%
2Y CAGR
1.2%
3Y CAGR
81.7%
5Y CAGR
60%
Operating Exp. Ann.
1Y CHG
19.9%
2Y CAGR
13.4%
3Y CAGR
15.7%
5Y CAGR
20.8%
Classic Electrodes INFORMATION ON IPO ISSUE
About Classic Electrodes
Classic Electrodes (India) was incorporated on September 30, 1997. The company has been engaged in manufacturing welding electrodes and providing engineering solutions for over 27 years. Its wide product range includes general purpose, low alloy, low hydrogen, stainless steel, hard facing, cast iron, non-ferrous, low heat input, cutting and gauging electrodes, as well as MIG wires, catering to both domestic and international markets
Object of the Issue
- Funding capital expenditure of the company to purchase plant and machinery
- Repayment of a portion of certain outstanding borrowing availed by the company
- Funding the working capital requirements of the company
- General corporate purposes
Classic Electrodes - PROMOTERS
| Name |
|---|
| Alltime Suppliers Private Limited |
| Hanuman Prasad Agarwal |
| Sushil Kumar Agarwal |
| Sunil Kumar Mittal |
| Nitesh Agarwal |
Classic Electrodes - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sushil Kumar Agarwal | Managing Director |
| Ayush Agarwal | Executive Director |
| Hanuman Prasad Agarwal | Chairman & Non-Executive Director |
| Sunil Kumar Mittal | Executive Director |
| Nitesh Agarwal | Executive Director |
| Anoop Garg | Non-Executive Independent Director |
| Sheetal Agarwal | Non-Executive Independent Director |
| Ankur Gupta | Non-Executive Independent Director |
| Niraj Jindal | Non-Executive Independent Director |
Classic Electrodes Book Running Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Classic Electrodes Registrar to the issue
Link Intime India Private Limited
classicelectrodes.ipo@linkintime.co.in
Classic Electrodes Strengths
Technical expertise
The company possesses strong technical expertise in electrode manufacturing, with the ability to consistently deliver high-quality products that meet industry standards and customer needs, while also innovating new designs, materials, and techniques to stay competitive
Strength
Efficient supply chain management
The company ensures efficient supply chain management through timely sourcing of raw materials, strong distribution channels for wide product availability, and excellent customer service with technical support to build lasting client relationships
Strength
R&D, efficiency & brand reputation
The company invests in R&D to enhance products and explore new opportunities, streamlines manufacturing for cost efficiency and competitive pricing, and builds a strong reputation based on reliability, performance, and customer satisfaction
Strength
Classic Electrodes Risks
Approvals & licenses
The company requires various approvals, licenses, and permits from state and central authorities to operate its business. Failure to obtain or renew these registrations, or compliance with onerous conditions attached to them, could adversely impact operations, financial performance, and overall business continuity
Risk
Expansion risks
Delays or cost overruns in setting up proposed expansion facilities or procuring plant and machinery could materially affect the company’s financial condition, operations, and growth prospects
Risk
Labour intensive
The company’s labour-intensive operations are exposed to risks of unionisation, work stoppages, strikes, or increased labour costs. Although no strikes have occurred so far, future disputes could disrupt operations, making labour availability and strong workforce relations critical to business success
Risk
IPO FAQs
The promoters of the company are Alltime Suppliers Private Limited, Hanuman Prasad Agarwal, Sushil Kumar Agarwal, Sunil Kumar Mittal and Nitesh Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 82.0 - 87.0.
The IPO application opens on Aug 22, 2025 and closes on Aug 26, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 262,400.0, the maximum value for this IPO is Rs 278,400.0.
This IPO will be allotted on Aug 28, 2025.
The refund will be credited to your account on Aug 29, 2025.
The allotted shares will be credited to your demat on Aug 29, 2025.
Classic Electrodes (India) Ltd.’s shares listed on the stock exchanges on Sep 01, 2025.