Classic Electrodes IPO Subscription Status

The Classic Electrodes IPO closed with a stellar response on its final day, being oversubscribed 179.97 times by 26th August 2025, 05:00 PM.

• QIB (Qualified Institutional Buyers): 84.88x
• NII (Non-Institutional Investors): 356.75x
• RII (Retail Individual Investors): 158.44x

In total, the company received bids for 56,63,93,600 shares against an issue size of 31,47,200 shares.

Day-wise Subscription Status:

• Day 1: 1.98x
• Day 2: 15.68x
• Day 3 (Final Day): 179.97x

This massive oversubscription highlights strong demand from HNIs, institutions, and retail investors alike.

About Classic Electrodes (India) Limited

Founded in 1997, Classic Electrodes (India) Limited has emerged as a key player in the welding consumables industry, catering to both domestic and global markets.

• Core Products: Welding electrodes (mild steel, stainless steel, cast iron, deep penetration) and MIG wires.
• Manufacturing Units:
  • Unit 1: Dulagarh, West Bengal
  • Unit 2: Jhajjar, Haryana
• Note: The company closed 3 older units in FY 2023–24 in West Bengal, consolidating operations for better efficiency.

With 78 permanent employees as of 31st July 2024, Classic Electrodes ensures quality-driven production and engineering solutions for industries across sectors like construction, infrastructure, and manufacturing.

The strategic plant locations provide easy access to raw materials, logistics, and customer markets, improving operational efficiency.

Classic Electrodes Financial Performance

The company has shown impressive financial growth:

• Revenue (FY 2024): ₹194.41 crore (vs ₹151.13 crore in FY 2023)
• Profit (FY 2024): ₹12.28 crore (vs ₹2.08 crore in FY 2023)

💡 This represents a 28.6% growth in revenue and nearly a 490% increase in profit, indicating a sharp improvement in operational margins and demand.

Classic Electrodes IPO GMP (Grey Market Premium)

As of Tuesday, 26th August 2025, the GMP stood at ₹20.

• Issue Price: ₹87
• Grey Market Price: ₹107
• Premium: ₹20

This reflects healthy investor sentiment and suggests the IPO may deliver listing gains, though final performance will depend on broader market trends.