Mumbai: The IPO of Scoda Tubes Limited ended on May 30. The company planned to raise Rs 220 crore through this public issue. It offered a total of 1.57 crore fresh shares.
Use of IPO Money
The company will use the money raised for three things:
- To increase the production of seamless and welded tubes and pipes.
- To meet extra working capital needs.
- For general corporate work.
Huge Response from Investors
The IPO got a big response from investors. It was subscribed 57.37 times.
Retail investors: 20.89 times
NII (High net-worth investors): 121.72 times
QIB (Institutional investors): 72.97 times
Scoda Tubes IPO GMP is Strong
In the grey market, Scoda Tubes IPO’s GMP (Grey Market Premium) is Rs 20.50. This is 14.6% more than the issue’s highest price. Earlier, GMP was even higher at Rs 22. This shows strong listing gains.
Share Allotment and Listing Dates
Share allotment final: June 2
Shares in demat account: June 3
Stock exchange listing: June 4 (on BSE and NSE)
How to Check Allotment Status
You can check share allotment on the registrar’s website – MUFJ Intime India Pvt. Ltd. (Link Intime) by following these steps:
Visit: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Select "Scoda Tubes Limited" from the dropdown.
Enter PAN number or application number or demat ID.
Click "Submit".
About Scoda Tubes
Scoda Tubes makes stainless steel tubes and pipes. Their products are of two main types:
- Seamless pipes and tubes
- Welded U-tubes
They offer five kinds of products, all sold under the brand name “Scoda Tubes Limited.”
Company’s Financial Growth
FY23 revenue: Rs 307.79 crore
FY24 revenue: Rs 402.49 crore
FY23 profit: Rs 10.34 crore
FY24 profit: Rs 18.30 crore
FY25 (till Dec 31, 2024):
Revenue: Rs 363.48 crore
Profit: Rs 24.91 crore
