Classic Electrodes (India) Ltd
Pre Issue Shares
1,31,93,750
No. of Shares Issued
48,00,000
Pre Issue Equity Amt.
₹13.19 Cr
DP Filling Date
28 August 2024
Classic Electrodes (India) Ltd IPO Timeline
Classic Electrodes (India) Limited was originally incorporated as Classic Electrodes (India) Private Limited' dated September, 30, 1997, issued by the Registrar of Companies, Kolkata. Thereafter, Company name changed from Classic Electrodes (India) Private Limited' to Classic Electrodes (India) Limited', consequent to conversion of Company from Private to Public Limited on April 18, 2009 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Kolkata on June 13, 2009.
Classic Electrodes (India) Ltd IPO Details
| Classic Electrodes (India) Ltd IPO Date | - |
| Classic Electrodes (India) Ltd IPO Face Value | - |
| Classic Electrodes (India) Ltd IPO Price | - |
| Classic Electrodes (India) Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Hanuman Prasad Agarwal, Sushil Kumar Agarwal, Nitesh Agarwal |
- Strengths
- Risks
- Opportunities
- We hold a prominent position in the welding electrodes and Mig Wires market.
- We possess a highly skilled and experienced team with strong engineering expertise. This talent pool allows us to conceptualize and deliver innovative fixture solutions tailored to our clients' needs.
- We are equipped with hi-tech, advanced machinery that enhances our production capabilities and ensures precision in manufacturing.
- PAN India offerings: Our company has such capabilities and experience that it can efficiently cater to clients' requirements across the entire country, ensuring timely deliveries and superior service.
- We possess advanced facilities and a talented pool of resources, enabling us to undertake diverse industrial fabrication projects.
Company Financials
Classic Electrodes (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 92.2 | 194.41 | 12.28 |
| 03-2023 | 76.79 | 151.13 | 2.08 |
| 03-2022 | 74.99 | 134.37 | 1.45 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital exp of the company to purchase plant and machinery
- Repayment of a portion of certain outstanding borrowings availed by the company
- Funding the working capital requirements of the company
- General corporate purposes
Classic Electrodes (India) Ltd IPO Prospectus
Classic Electrodes (India) Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | - |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
No. 1, Bonfield Lane, 2nd Floor,Kolkata-700001
Phone: 91-33-22429581
Email: -
Website: -
Classic Electrodes (India) Ltd IPO Registrar
Classic Electrodes (India) Ltd IPO Lead Manager(s)
- GYR Capital Advisors Pvt Ltd