Monolithisch India Limited IPO...
14 Jun, 2025
Scoda Tubes Limited IPO
Scoda Tubes Limited is planning to raise approximately ₹220 crores through a book-building IPO by issuing 1.57 crore equity shares of ₹10 each. The IPO subscription period started from May 28, 2025, to May 30, 2025. Allotment is expected to be done on June 2, 2025, and shares will be credited to demat accounts on June 3, 2025. Listing is set to be done on June 4, 2025, on NSE and BSE.
For retail investors, they have set the price band at ₹130 to ₹140. A single lot can be purchased at the minimum price, which is equivalent to an investment of ₹14,000 at the upper price band. The total number of lots for retail is capped at 14 lots or 1400 shares which comes to 196,000.
Company Background
Scoda Tubes Limited is located in Ahmedabad, Gujarat. Since 2008, the firm has been engaged in the production of seamless and welded pipes and tubes. Scoda Tubes Limited possesses a manufacturing unit in Rajpur along the Ahmedabad-Mehsana highway. The firm’s products find applications in oil and gas, chemicals, power, railways, pharmaceuticals, as well as other industries both within the country and abroad.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Scoda Tubes Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Scoda Tubes Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 28, 2025 to May 30, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price | ₹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 | BSE, NSE |
| Share Holding Pre Issue | 4,41,94,700 shares |
Scoda Tubes Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, May 28, 2025 |
| IPO Close Date | Fri, May 30, 2025 |
| Tentative 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 |
Scoda Tubes Limited IPO Lot Size
| 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 |
Scoda Tubes Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 90.04% | - |
Competitive Strength:
- ● Proprietary Competencies
- ● Vertical Integration
- ● Rising Export Share
- ● Sectoral Diversification
- ● Asset-backed Expansion
- ● Anchor Investor Interest
Scoda Tubes Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 428.49 | 363.48 | 24.91 | 143.55 | 202.16 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 330.42 | 402.49 | 18 | 64 | 202.66 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 238.26 | 307.79 | 10.34 | 45.31 | 139.31 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 156.06 | 195.05 | 1.64 | 34.98 | 109.9 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.77% |
| ROCE | 15.92% |
| RoNW | 28.77% |
| PAT Margin | 4.58 |
| Price to Book Value | 8.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.14 | 5.54 |
| P/E (x) | 33.81 | 25.25 |
Goals of the IPO
The funds raised from the IPO will be allocated towards:
- Expenditure on capital to improve and increase the production ability of seamless and welded tubes and pipes.
- Funding the increasing working capital needs.
- General corporate purposes.
Conclusion
As an industry leader, Scoda Tubes Limited stands out among other stainless-steel tubes and pipes manufacturers due to its unparalleled technical know-how, providing clear diversification advantages and growing export opportunities. The company’s asset-backed expansion and anchor investor interest support its long-term prospects.
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Frequently asked Questions (FAQs )
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1. What are the IPO price band and lot size?
The price is fixed at ₹130 - ₹140, and the minimum order is set at 100 shares, amounting to ₹14,000.
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2. What is the total issue size?
The target issue size is set for ₹220 crore through newly issued equity shares of 1.57 crore.
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3. What are the intended uses of IPO funds?
For capital expenditure, maintenance of cash flow, and other organizational activities.
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4. What are the allotment and listing dates?
The allotment date is projected to be June 2, 2025. Listing date is set for June 4, 2025, on NSE and BSE.
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5. Is there any anchor investor participation in the IPO?
Yes, Scoda Tubes Limited has raised ₹66 crore from six anchor investors, including Malabar India Fund, White Oak Capital, and others, at ₹140 per share before the IPO opening.
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6. Who are the lead managers for the IPO?
The IPO is managed by leading merchant bankers (specific names can be added if available in official documents), and Link Intime India Private Limited is the registrar to the issue.
