Scoda Tubes IPO

Incorporated in 2008, Scoda Tubes Limited manufactures stainless steel tubes and pipes, offering seamless and welded variants under its brand. Its product range includes seamless pipes, tubes, “U” tubes, instrumentation tubes, and welded “U” tubes. The company serves sectors like oil and gas, power, pharma, and automotive. With a facility in Mehsana, Gujarat, it exports to 16 countries and has 49 stockists. Domestic sales are managed from Maharashtra, while global distribution spans the US and Europe. As of August 2024, the company employs 496 individuals, including 149 permanent staff.

Scoda Tubes Limited IPO Overview

Scoda Tubes IPO is a book-built issue worth ₹220.00 crores, comprising a fresh issue of 1.57 crore shares. The IPO opens for subscription on May 28, 2025, and closes on May 30, 2025. Allotment is expected to be finalised on June 2, 2025, and the shares are likely to be listed on both BSE and NSE on June 4, 2025. The price band is set between ₹130 and ₹140 per share. Retail investors can apply for a minimum of one lot (100 shares) requiring an investment of ₹13,000, though bidding at the cutoff price is recommended, raising the amount to ₹14,000. For sNII, the minimum application is 15 lots (1,500 shares) costing ₹2,10,000, while for bNII it is 72 lots (7,200 shares) amounting to ₹10,08,000. Monarch Networth Capital Ltd serves as the book-running lead manager, and MUFG Intime India Private Limited (Link Intime) is the registrar for the issue.

Scoda Tubes Limited IPO Details

Particulars	Details
IPO Date	28 May 2025 to 30 May 2025
Listing Date	4 June 2025
Face Value	₹10 per share
Issue 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)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	4,41,94,700 shares
Share Holding Post Issue	TBD

Scoda Tubes Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Scoda Tubes Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	100	₹14,000
Retail (Max)	14	1,400	₹1,96,000
S-HNI (Min)	15	1,500	₹2,10,000
S-HNI (Max)	71	7,100	₹9,94,000
B-HNI (Min)	72	7,200	₹10,08,000

Scoda Tubes Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue

Scoda Tubes Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	4.60
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	28.77%
Net Asset Value (NAV)	15.99
Return on Equity	28.77%
Return on Capital Employed (ROCE)	15.92%
EBITDA Margin	14.70%
PAT Margin	4.58%
Debt to Equity Ratio	3.19

Objectives of the Proceeds

• Capital expenditure for expanding production capacity of seamless and welded tubes and pipes – ₹769.90 million

• Funding part of the incremental working capital requirements of the company – ₹1,100.00 million

• General corporate purposes

Key Financials (in ₹ million)

Particulars	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4284.90	3304.24	2382.62	1560.64
Revenue	3611.71	3998.61	3051.28	1940.28
Profit After Tax	249.14	183	103.36	16.36
Reserves and Surplus	993.51	623.28	440.27	336.94
Total Borrowings	2021.64	2026.63	1393.08	1098.95