Scoda Tubes IPO

Incorporated in 2008, Scoda Tubes Limited manufactures stainless steel tubes and pipes, offering seamless and welded variants under its brand. Its product range includes seamless pipes, tubes, “U” tubes, instrumentation tubes, and welded “U” tubes. The company serves sectors like oil and gas, power, pharma, and automotive. With a facility in Mehsana, Gujarat, it exports to 16 countries and has 49 stockists. Domestic sales are managed from Maharashtra, while global distribution spans the US and Europe. As of August 2024, the company employs 496 individuals, including 149 permanent staff.

Scoda Tubes Limited IPO Overview

Scoda Tubes IPO is a book-built issue worth ₹220.00 crores, comprising a fresh issue of 1.57 crore shares. The IPO opens for subscription on May 28, 2025, and closes on May 30, 2025. Allotment is expected to be finalised on June 2, 2025, and the shares are likely to be listed on both BSE and NSE on June 4, 2025. The price band is set between ₹130 and ₹140 per share. Retail investors can apply for a minimum of one lot (100 shares) requiring an investment of ₹13,000, though bidding at the cutoff price is recommended, raising the amount to ₹14,000. For sNII, the minimum application is 15 lots (1,500 shares) costing ₹2,10,000, while for bNII it is 72 lots (7,200 shares) amounting to ₹10,08,000. Monarch Networth Capital Ltd serves as the book-running lead manager, and MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.

Scoda Tubes Limited IPO Details

Scoda Tubes Limited IPO Reservation

Scoda Tubes Limited IPO Lot Size

Scoda Tubes Limited IPO Promoter Holding

Scoda Tubes Limited IPO Valuation Overview

Objectives of the Proceeds

• Capital expenditure for expanding production capacity of seamless and welded tubes and pipes – ₹769.90 million

• Funding part of the incremental working capital requirements of the company – ₹1,100.00 million

• General corporate purposes

Key Financials (in ₹ million)