Classic Electrodes (India) IPO

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Company Details

Classic Electrodes (India) Ltd is engaged in the business of manufacturing welding electrodes and providing engineering solutions to customers both in domestic and international market. The company 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.

They are focused on alloy and process development, quality and design, which has allowed them to develop products suited to their customers’ requirements. They have expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEM’s and end user industries. The company, which housed a team of over 95 employees who are deployed in variothem departments as of February 28, 2025, along with their decades of experience in welding electrodes, enables them to develop specialized products and solutions.

The company specializes in the manufacturing of general electrodes and MIG wires, which constitute the majority of its turnover. The company procures wire rods, rutile, and other raw materials primarily for captive consumption and when the market opportunities arise, the company sells surplthem raw materials, primarily wire rods, to peers and other players in the same industry. Wire rods are a critical raw material in electrode manufacturing, and their bulk procurement enables the company to secure volume discounts from suppliers. They 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 their 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. Their manufacturing Units are strategically located in west bengal with availability of all modes of transportation and facilitates convenient transportation of their products, sourcing of raw materials and easy access to customers.

Their registered office is located at 1A, Bonfield Lane, Kolkata, West Bengal, India, 700001 and their corporate office is located at Unit 201, 2nd Floor, Bthem Terminus, Commercial Complex, Plot Bg-12 AA-1b, New Town, North 24 Parganas, New Town, West Bengal, India, 700156. The company is accredited certified under ISO – 9001:2008 Quality Management Systems by Moody International Certification Limited. The company is holding Bureau of India standard (BIS) License and registered under Directorate General of Supplies & Disposal (DGS&D) – Govt. of India. They are having well equipped Chemical and Physical Testing Laboratories and Quality Assurance System facility, supervised by qualified and highly experienced personnel.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Classic Electrodes (India) IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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