The order is to be executed within six months.
Classic Electrodes (India) made a debut on the stock exchanges on 1 September 2025, with its shares listing at Rs 100, a 14.94% premium to the issue price of Rs 87.
The company's initial public offering (IPO), which closed on 26 August 2025, was subscribed 165.39 times. The IPO was priced within a band of Rs 82 to Rs 87 per share. The stock hit a record high of Rs 101 on 1 September 2025.
Classic Electrodes (India) is a prominent Indian manufacturer specializing in welding consumables, including electrodes and MIG wires.
The company recorded revenue from operations of Rs 187.60 crore and a net profit of Rs 9.57 crore for the period ended 28 February 2025.
The scrip jumped 4.96% to end at Rs 89.90 on the NSE on Friday, 12 September 2025.