The Indian IPO market continues to remain active in 2025, with several SME and mainboard issues hitting Dalal Street. One of the latest entrants is Classic Electrodes (India) Ltd., a Kolkata-based welding consumables manufacturer with over two decades of industry presence. SME IPOs 2025
This IPO has generated notable interest among investors due to its strong financials, attractive valuation range, and healthy grey market premium (GMP) trends. Here’s a complete breakdown of the Classic Electrodes IPO details, schedule, subscription data, GMP trends, financials, and retail investor outlook.
🏭 Company Overview – Classic Electrodes (India) Ltd.
- Founded: 1997
- Headquarters: Kolkata, West Bengal
- Business: Manufacturer of welding consumables such as welding electrodes, MIG wires, and allied products.
- Production Units: Located in West Bengal and Haryana.
- Customers: Supplies to industries including infrastructure, fabrication, engineering, and heavy machinery.
With steady demand from industrial and infrastructure projects, the company has positioned itself as a reliable supplier in the welding products sector.
💰 IPO Details
| Particulars | Details |
|---|---|
| IPO Size | ₹41.51 crore |
| Shares Offered | 47.71 lakh equity shares |
| Face Value | ₹10 per share |
| Price Band | ₹82 – ₹87 |
| Lot Size | 1,600 shares |
| Minimum Investment | ₹1,39,200 (Retail) |
| Listing Exchange | NSE SME (Emerge platform) |
| Issue Type | Book-building (Fresh Issue) |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
📅 IPO Timeline
| Event | Date |
|---|---|
| Issue Opens | 22 August 2025 |
| Issue Closes | 26 August 2025 |
| Allotment Finalization | 28 August 2025 |
| Refunds Initiated | 28–29 August 2025 |
| Shares Credited in Demat | 29 August 2025 |
| Tentative Listing Date | 1 September 2025 |
📊 Financial Performance
FY 2024 Highlights
- Revenue: ₹194.4 crore
- Profit After Tax (PAT): ₹12.29 crore
11 Months (April 2024 – Feb 2025)
- Revenue: ₹187.6 crore
- Net Profit: ₹9.51 crore
🎯 Objectives of the IPO
Funds raised will be used as follows:
- Plant & Machinery CapEx: ₹10 crore (24%)
- Debt Repayment: ₹10 crore (24%)
- Working Capital Needs: ₹16.6 crore (40%)
- General Corporate Purposes: ₹4.91 crore (12%)
This allocation highlights the company’s focus on expansion and financial strengthening.
🧾 Anchor Investor Participation
- Pre-IPO, anchor investors were allotted 13.44 lakh shares at ₹87/share, raising about ₹11.69 crore.
- Strong anchor participation signals confidence in the company’s fundamentals.
📌 Retail Investor Outlook
✅ Positives
- Consistent revenue growth.
- Attractive GMP suggesting strong listing prospects.
- Funds utilization focused on debt reduction and expansion.
- Established presence in welding consumables industry.
⚠️ Risks
- High minimum investment (₹1.39 lakh), limiting small retail participation.
- Industry competition from larger players.
- Dependent on infrastructure & manufacturing cycles.
📉 Market Impact & Investor Sentiment
The IPO adds momentum to the SME IPO wave in 2025. If listing performance is strong, it could boost sentiment for upcoming SME IPOs as well. Retail traders with higher risk appetite may consider subscribing, especially for short-term listing gains.
However, long-term investors should evaluate sector growth, raw material price risks, and company scalability before holding beyond listing.
✅ Conclusion
The Classic Electrodes (India) Ltd. IPO is shaping up as an attractive opportunity, especially for investors seeking short-term listing gains. The combination of solid financials, visible anchor backing, and strong GMP signals make it worth watching.
That said, investors must weigh risks such as high entry costs and industry cyclicality. For retail investors with sufficient capital, this IPO could be a rewarding bet for both listing gains and medium-term growth potential.
Subscription
| Investor | 22 Aug 2025 | 25Aug 2025 | 26Aug 2025 |
|---|---|---|---|
| Anchor | 0 | ||
| QIB | 1.03 | ||
| Non-Institutional | 1.17 | ||
| BNII | 1.05 | ||
| SNII | 1.40 | ||
| Retail | 2.17 | ||
| Total | 1.63 |
GMP Trend:
| Date | GMP |
|---|---|
| 22 Aug 2025 | ₹20(22.99%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
MUFG Intime
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
- GMP values are highly speculative and may differ significantly from actual listing prices. Investors should not rely solely on GMP while taking investment decisions.
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