Scoda Tubes IPO subscribed overall 57.37 times on the last day, while A retail quota subscribed 20.89 times, QIB subscribed 72.97 times, and NII quota subscribed 121.72 times respectively.
Details About Scoda Tubes IPO
Scoda Tubes got approval from SEBI for an IPO of ₹220 crores via an IPO that comprises a fresh issue of ₹200 crores with a face value of ₹10. The company has set up a price band between ₹130 to ₹140 per share.
In this IPO, a total of 100 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 1400 shares in 14 lot sizes. S-HNI (Min) has a total of 1,500 shares in 15 lot sizes, while B-HNI Minimum has a total of 7,200 shares available in 72 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,000 and maximum investment of ₹1,96,000.
- Small HNI (S-HNI): Minimum investment of ₹2,10,000.
- Big HNI (S-HNI): Minimum investment of ₹10,08,000.
Subscription duration of the Scoda Tubes IPO
The Scoda Tubes IPO subscription opening date was May 28, 2025, and the closing date was May 30, 2025. The Scoda Tubes IPO allotment was finalized on June 2, 2025, and the IPO listing is on June 4, 2025.
Funds Deployment of This Company
The IPO proceeds would be used to enlarge the production capacity of tubes and pipes. Moreover, it helps to pay for part of the company’s increased day-to-day operating expenses. The rest of the money would be used for general purposes.
About Scoda Tubes IPO
Scoda Tubes specializes in stainless steel pipes since its incorporation in 2008. Scoda Tubes has products such as hot pierced mother hollow, stainless steel seamless pipes, stainless steel instrumentation tubes, stainless steel tubes, and U tubes.
The Hot Pierce-Rolling Process is used to transform a solid round bar into a Mother Hollow for seamless pipe production. Further, it also offers premium quality, and maintaining reliable business relations with the consumers is one of the missions of this company. Their values are a strong part of their culture and guide how they do business, showing their dedication and responsibility to the industries and countries they work with.
Scoda Tubes IPO Financial Background
The
company
has
revenue
in
2024
is
₹402.49
crores
and
₹307.79
crores
in
2023.
In
2024,
the
company
posted
a
profit
of
₹18.3
crores,
up
from
₹10.34
crores
in
2023.
