Scoda Tubes IPO subscription started on Wednesday, May 28, and will close on May 30, 2025, as per the schedule. The price band is set at ₹130 to ₹140 per share with a face value of ₹10.
Scoda Tubes IPO Subscription Status
Scoda Tubes IPO subscribed over 8.75x on its second day till 5.00 PM on May 29, 2025.
- Scoda Tubes IPO subscription QIB investors portion is 2.08 times, while NII subscribed 21.77 times and RII investors subscribed 6.99 times.
- The company has received bids for 9,62,74,300 shares against 1,10,00,086 shares on offer on the second day of subscription.
- Scoda Tubes IPO subscribed over 8.75x on its day 2.
- Scoda Tubes IPO subscribed over 2.22x on its day 1.
About Scoda Tubes Company
Scoda Tubes is one of the leading companies in terms of stainless steel pipes. This firm has been indulging in this field since 2008, so it has extensive experience and has made a substantial reputation among its peer group. 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 principles are deeply fixed in their culture and form the core of their business practices, reflecting commitment and responsibility to the satisfaction of the industries and countries they serve.
Scoda Tubes Financial Report
The company reported revenue of ₹402.49 crores in 2024 against ₹307.79 crores in 2023. The company reported a profit of ₹18.3 crores in 2024 against a profit of ₹10.34 crores in 2023.
Scoda Tubes IPO GMP:
Scoda Tubes IPO GMP was ₹24 on Thursday, May 29, 2025. That indicates the IPO is trading at ₹164 with a ₹24 premium in the grey market against the issue price of ₹140.
