243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

     List of All Upcoming SME IPOs
Classic Electrodes (India) Limited

Kolkata

Date of DRHP : 28 Aug 2024

Issue Type : Book Building Process

IPO Type :
SME IPO

Classic Electrodes Basic Details

   Electric Equipments - OEM

Sub Sector: manufacturing welding electrodes and providing engineering solutions

Exchange:
NSE Emerge

About the Company

Classic Electrodes is engaged in the business of manufacturing welding electrodes and providing engineering solutions to customers both in domestic and international market. Classic Electrodes has been in existence for (27) twenty-seven years now and provides a wide range of product offerings including General Purpose Electrodes, Low Alloy Electrodes, Low Hydrogen Electrodes, Stainless Steel Electrodes, Hard Facing Electrodes, Cast Iron Electrodes, Non-Ferrous Electrodes, Low Heat Input Electrodes, Cutting and Gauging Electrodes, Mig Wires etc.
Classic Electrodes focused on alloy and process development, quality and design, which has allowed them to develop products suited to our customers’ requirements. Classic Electrodes  have expertise to design, develop and manufacture complex and specialised industrial equipment and components for OEM’s and end user industries. Classic Electrodes, which housed a team of over 95 employees who are deployed in various departments as of May 31, 2024, along with our decades of experience in welding electrodes, enables us to develop specialized products and solutions.
Classic Electrodes  presently operate from two manufacturing units, out of which Unit I is located in Dhulagarh, West Bengal, and Unit II is located at Jhajjar, Haryana for processing and manufacturing of our products. Unit III was also operational at Bahadurgarh, Haryana where manufacturing of electrodes and Mig Wires were undertaken, this unit has recently been closed in FY 2023-2024. Classic Electrodes manufacturing Units are strategically located in west bengal with availability of all modes of transportation and facilitates convenient transportation of our products, sourcing of raw materials and easy access to customers.

Financial Summary (Annualised Basis)

Revenue :
193.82 Cr.

PAT :
12.28 Cr.

Classic Electrodes IPO Lead Manager(s)

GYR Capital Advisors Private Limited

Classic Electrodes IPO Registrar

Link Intime India Private Limited

Classic Electrodes DRHP Details

Objects of 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

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FAQs

Classic Electrodes (India) operates in Electric Equipments - OEM and manufacturing welding electrodes and providing engineering solutions. The Issue would be listed on SME. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Classic Electrodes (India) is Book Building Process and Object of issue is

  • 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

The DRHP (Draft Red Herring Prospectus) of Classic Electrodes (India) IPO was filed on 28 Aug 2024.

No, Classic Electrodes (India) IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Classic Electrodes (India) are not available now. You can apply in Classic Electrodes (India) IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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