Price Band
₹82 - ₹87
Lot Size
1600
Issue Size
₹41.51 Cr
GMP
N/A
Subscription
179.97x
Analyzing...
IPO Schedule
1
Open
22 Aug 2025
2
Close
26 Aug 2025
3
Allotment
28 Aug 2025
4
Listing
1 Sept 2025
About Classic Electrodes (India) Ltd
Classic Electrodes (India) Ltd is an SME focused on manufacturing and supplying welding electrodes. They primarily cater to the domestic market, serving various industries requiring welding solutions. The company aims to utilize the IPO proceeds for working capital requirements and general corporate purposes.
Key Strengths
- Strong ROE of 24.66% indicates efficient utilization of shareholder equity.
- Attractive P/E ratio of 9.33 suggests the company may be undervalued compared to its peers, although SME valuations can vary significantly.
- Established presence in the welding electrode market.
- Focus on a specific niche within the broader industrial sector.
- Potential for growth in the Indian infrastructure and manufacturing sectors.
Risk Factors
- •Being an SME, the company is susceptible to fluctuations in the economic environment and raw material prices.
- •High dependence on a limited range of products (welding electrodes) could pose a risk if demand shifts or alternative technologies emerge.
- •Competition from larger and more established players in the welding industry.
Valuation Analysis
The IPO appears reasonably priced considering the company's strong ROE and relatively low P/E ratio, however, investors should carefully consider the risks associated with SME IPOs and conduct thorough due diligence before investing.
IPO Details
ExchangeNSE
SegmentSME
ISININE0UQ601012
NSE SymbolCLASSICEIL
Face Value₹10
Lot Size1600
Issue Size₹41.51 Cr
Key Metrics
ROE24.66%
ROCE17.68%
P/E Ratio9.33
Industry P/E20
EPS9.32
PAT Margin5.10%
Debt/Equity1.23
Growth & Quality
Revenue Growth (YoY)32.1%
ProfitableYes ✓
Anchor Investors8
Subscription
Total1.99x
Documents
Registrar
LINK
Key Dates
Open Date22 Aug 2025
Close Date26 Aug 2025
Allotment28 Aug 2025
Listing1 Sept 2025