Classic Electrodes Share Price Makes Strong Debut on Stock Market Today with 15% Premium

Market Performance

Classic Electrodes (India) Limited made a remarkable entry into the stock market today. The company’s shares debuted on the NSE SME platform at ₹100, marking a 14.94% premium over its IPO issue price of ₹87.

This listing reflects the strong appetite investors showed during the subscription phase, where demand significantly outpaced supply.

IPO Highlights

The SME IPO of ₹41.51 crore attracted massive attention from market participants. The subscription window ran from August 22 to August 26, and the response was nothing short of extraordinary.

• Total bids received: 56.63 crore shares
• Shares on offer: 31.47 lakh
• Overall subscription: 179.97 times

Breaking it down further:

• Retail investors subscribed 158.44 times their quota
• Non-institutional investors (NIIs) put in bids 356.75 times
• Qualified Institutional Buyers (QIBs) subscribed 84.88 times

This overwhelming demand made the debut performance even more anticipated by investors watching the Classic Electrodes share price movement.

Company Details and Issue Structure

The IPO was a completely fresh issue of 48 lakh shares with no offer-for-sale (OFS) component.

Key details included:

• Lot size: 1,600 shares
• Minimum retail investment: ₹2,78,400 (for 3,200 shares)
• Minimum HNI application: 4,800 shares, requiring ₹4,17,600

The proceeds from the issue are earmarked for multiple business needs:

• Acquisition of plant and machinery
• Debt repayment
• Working capital requirements
• General corporate expenses

Prior to opening, the company also secured ₹11.69 crore from anchor investors on August 21, 2025, further strengthening confidence in the issue.

About Classic Electrodes (India) Limited

Founded in 1997 and headquartered in Kolkata, West Bengal, Classic Electrodes is a manufacturer of welding consumables such as electrodes and MIG wires. Classic Electrodes supplies its products to both Indian and overseas markets, serving a wide range of industrial applications.

The company currently runs:

• Unit I: Dhulagarh, West Bengal
• Unit II: Jhajjar, Haryana
• (Earlier) Unit III in Bahadurgarh, Haryana – shut down in FY23-24

With plants strategically located near strong transport hubs, Classic Electrodes ensures efficient raw material sourcing and product distribution.

Industry Context and Peers

In the listed space, the company’s peers include:

• D & H India Ltd (P/E 28.93)
• Ador Welding Ltd (P/E 28.55)
• Diffusion Engineers Ltd (P/E 33.91)

This peer comparison helps investors understand Classic Electrodes’ positioning in the welding consumables segment.

Summary

The Classic Electrodes share price debut at ₹100 on NSE SME highlights the robust demand seen during the IPO phase. With a 15% listing premium and massive oversubscription of 179.97 times, the company’s entry into the markets reflects strong investor interest.

Backed by decades of experience in welding consumables, two operational plants, and a clear plan for fund utilization, Classic Electrodes is set to play a key role in India’s industrial growth story.