Scoda Tubes IPO Closes with 5,366% Subscription; NII Bids at 11,296%, QIBs at 6,951%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Mumbai, May 30, 2025 – The IPO of Scoda Tubes Limited concluded on a blockbuster note, clocking an overall subscription of 5,366% on the final day. The ₹220 crore book-built issue attracted overwhelming interest from institutional and non-institutional investors, with QIBs bidding 6,951% of their quota and NIIs lapping up 11,296% of their reserved shares.
IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | May 28, 2025 |
| Issue Closes | May 30, 2025 |
| Price Band | ₹130 – ₹140 per share |
| Issue Size | ₹220 crore (Fresh Issue only) |
| Listing Exchange | NSE & BSE Mainboard |
| Lot Size | 100 shares |
| Allotment Date | [To be announced] |
| Listing Date | [To be announced] |
Final Day Subscription Status (Consolidated)
- Total Bids Received: 63,56,15,200
- Total Shares on Offer: 1,18,46,169
- Overall Subscription: 53.66x or 5,366%
Category-wise Bidding:
| Category | Shares Offered | Shares Bid For | Subscription (%) |
|---|---|---|---|
| Qualified Institutional Buyers | 33,84,569 | 23,52,59,000 | 6,951% |
| Non-Institutional Investors | 25,38,500 | 28,67,59,000 | 11,296% |
| – HNIs (> ₹10 lakh) | 16,92,300 | 21,26,34,400 | 12,565% |
| – ₹2L to ₹10L Investors | 8,46,200 | 7,41,24,600 | 8,760% |
| Retail Individual Investors | 59,23,100 | 11,35,97,200 | 1,918% |
Demand by Price Point
- Total Bids at Price ≥ ₹130: 47.33 crore shares
- Bids at Cut-off Price: 5.46 crore shares
- Consistent demand was seen across the entire price band, with ₹140 bids at 47.30 crore shares.
Company Overview
Founded in 2008, Scoda Tubes manufactures stainless-steel seamless and welded tubes used across sectors like oil & gas, chemicals, fertilizers, and transportation. The company operates a fully integrated facility in Gujarat, with backward integration into mother hollow production.
Financial Highlights (FY24)
- Revenue: ₹3,998.61 million
- Profit After Tax: ₹183 million
- EBITDA Margin: 14.70%
- ROE: 28.77%
- Total Borrowings: ₹2,026.63 million
Lead Manager and Registrar
- BRLM: Monarch Networth Capital Ltd
- Registrar: Link Intime India Pvt Ltd (Email: scodatubes.ipo@linkintime.co.in)
Next Steps
With a subscription of nearly 54 times, all eyes now turn to the basis of allotment, listing price discovery, and Grey Market Premium trends. Given the scale of interest, the listing is expected to be buoyant, barring any major market disruptions.
REF:https://www.nseindia.com/market-data/issue-information?symbol=SCODATUBES&series=EQ&type=Active
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. Every effort is made to ensure the accuracy, relevance, and timeliness of the information provided. However, inadvertent errors or omissions may occasionally occur.
Should you have any concerns, queries, or wish to point out any discrepancies in our content, please write to us at content@hdfcsec.com. Your feedback is valuable and helps us maintain the highest standards of content integrity.
Please note that the information shared is intended solely for informational purposes and should not be construed as investment advice. Users are advised to consult their financial advisors before making any investment decisions.
