Classic Electrodes (India) Ltd IPO Set to Spark Investment Interest

Classic Electrodes (India) Ltd is launching an IPO with a price band of Rs 82-87 per share, aiming to raise Rs 41.50 crore. The IPO proceeds will fund capital expenditure, repayment of borrowings, and working capital. It operates two units with substantial production capacity.

Classic Electrodes (India) Ltd, a leading manufacturer of welding electrodes and MIG wires, announced its initial public offering (IPO) price range between Rs 82 and Rs 87 per share.

The company plans to raise a total of Rs 41.50 crore through this fresh issue of 47.71 lakh equity shares, open for public subscription from August 22 to August 26, 2025.

The funds raised will be used for capital expenditure on new plant and machinery, repaying existing loans, and boosting working capital. With significant revenue and profit over the past year, Classic Electrodes is poised for growth in its industry.