Classic Electrodes (India) Ltd IPO

About Classic Electrodes (India) Ltd

Our Company was originally incorporated as `Classic Electrodes (India) Private Limited' a private limited company under the Companies Act, 1956 at Calcutta, West Bengal, pursuant to a certificate of incorporation dated September, 30, 1997, issued by the Registrar of Companies, Kolkata (RoC). Thereafter, name of our Company was changed from `Classic Electrodes (India) Private Limited' to `Classic Electrodes (India) Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on April 18, 2009 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Kolkata on June 13, 2009. Our Company's Corporate Identity Number is U70100WB1997PLC085600.

In 2023, the welding consumables market was valued at US$ 1.17 billion. Looking ahead, International Market Analysis Research Analysis and Consulting Group forecasts that the market will reach US$ 1.57 billion by 2028, with a compound annual growth rate (CAGR) of 6.1% from 2023 to 2028. The growth of the welding consumables sector is further aided by the rise of businesses including heavy engineering, energy, oil and gas, shipbuilding, railroads, power, transportation, and automotive, as these industries require ongoing plant construction and maintenance. As India strives to become a global manufacturing hub, the need for welding consumables would surge. Government initiatives such as the National Infrastructure Pipeline, which will invest approximately Rs.111 lakh crore in infrastructure from fiscal years 2020 to 2025 in sectors such as heavy engineering, roads, urban infrastructure, and railways, as well as industrial reforms such as `Make in India' and `Atmanirbhar Bharat', will support growth in the welding consumables sector. The Indian heavy engineering capital goods industry projected to clock a CAGR of 7-8% over FY 23-26. The industry expected to reach Rs 3300-3400 billion in size by FY26. Heavy electrical engineering, earthmoving, construction and Mining Machinery, and Process Plant Equipment are the largest segments of the industry.

We are engaged in the business of manufacturing of welding electrodes and providing engineering solutions to customers both in domestic and international markets. Our Company has been in existence for 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.