Get App
Scoda Tubes IPO is a book-built issue of Rs 220.00 crore. This issue is entirely a fresh issue of 1.57 crore shares with no offer for sale.
The IPO opens for subscription on May 28, 2025, and closes on May 30, 2025. The allotment is expected to be finalized on Monday, June 2, 2025. The price band for the IPO is set at ₹130 to ₹140 per share, and the minimum lot size for an application is 100 shares.
Company Summary
Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes.
Manufacturing and Production:
- The company operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products.
- Manufacturing Facility: Located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat.
In Fiscal 2024, the company supplied products to 49 stockists across both domestic and international markets, and exported to 16 countries, including the United States, Germany, the Netherlands, Italy, Spain, and France.
The company’s distribution network spans across India, the USA, and Europe. Throughout Europe, products are supplied through stockists in Italy, Germany, Austria, and the Eastern European market.
As of August 31, 2024, the company has 496 employees in total. This includes 149 permanent employees and 347 contractual workers.
Product Portfolio
The company’s products are broadly categorized into two types: (i) seamless tubes/pipes and (ii) welded tubes/pipes. These are further divided into five product lines:
- Stainless steel seamless pipes
- Stainless steel seamless tubes
- Stainless steel seamless “U” tubes
- Stainless steel instrumentation tubes
- Stainless steel welded tubes and “U” tubes
Company Strengths
- The company specialized its focus on value-added stainless-steel long products
- Strong global accreditations and industry certifications
- Well-diversified international customer portfolio
- Strategically located integrated manufacturing facility
- Robust quality control with minimal rejection rates
- Steady financial growth with ongoing capacity expansion
Company Financials
Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 428.49 | 330.42 | 238.26 | 156.06 |
Revenue | 363.48 | 402.49 | 307.79 | 195.05 |
Profit After Tax | 24.91 | 18.30 | 10.34 | 1.64 |
Net Worth | 143.55 | 63.61 | 45.31 | 34.98 |
Reserves and Surplus | 99.35 | 62.33 | 44.03 | 33.69 |
Total Borrowing | 202.16 | 202.66 | 139.31 | 109.90 |
Amount in ₹ crore |
Objectives of the company
- Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes.
- Funding the part incremental working capital requirements of the Company
- General corporate purposes.
IPO Details
IPO Date | May 28, 2025 to May 30, 2025 |
Listing Date | Jun 04, 2025 |
Face Value | ₹10 per share |
Price Band | ₹130 to ₹140 per share |
Lot size | 100 shares |
Total Issue size | 1,57,14,286 shares (aggregating up to ₹220.00 Cr) |
Fresh issue | 1,57,14,286 shares (aggregating up to ₹220.00 Cr) |
Issue type | Bookbuilding IPO |
Listing at | NSE, BSE |
Lot Allocation Details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 100 | ₹14,000 |
Retail (Max) | 14 | 1400 | ₹1,96,000 |
S-HNI (Min) | 15 | 1500 | ₹2,10,000 |
S-HNI (Max) | 71 | 7100 | ₹9,94,000 |
B-HNI (Min) | 72 | 7200 | ₹10,08,000 |
Allotment Schedule
Basis of Allotment | Mon, Jun 2, 2025 |
Initiation of Refunds | Tue, Jun 3, 2025 |
Credit of Shares to Demat | Tue, Jun 3, 2025 |
Tentative Listing Date | Wed, Jun 4, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on May 30, 2025 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50% of the Issue |
Retail Shares Offered | Not less than 35% of the Issue |
NII (HNI) Shares Offered | Not less than 15% of the Issue |
To check allotment, click here
Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.
Download NOVO App!
Invest in Zero-commission Direct Mutual funds, IPO, Sovereign Gold bonds, Government bills, and Corporate bonds.
