Scoda Tubes IPO to Close Today

The ₹220 crore Initial Public Offering (IPO) of Scoda Tubes Ltd. concludes today, May 30, 2025, after drawing significant investor interest since opening on May 28. This public issue comprises a fresh offering of 1.57 crore equity shares within a price band of ₹130–₹140 per share. Investors were required to bid for a minimum of one lot (100 shares), requiring a base investment of ₹13,000.

IPO Subscription Status on Final Day

As of 10:09 AM on Day 3, the IPO was subscribed 9.52 times overall, indicating high demand across all investor segments:

• Retail Investors: 7.18 times
• Qualified Institutional Buyers (QIBs): 1.95 times
• Non-Institutional Investors (NIIs): 25.10 times

The strong oversubscription, particularly among NIIs, reflects investor confidence in Scoda Tubes’ growth outlook.

Grey Market Premium (GMP) Insights

On the morning of May 30, the Grey Market Premium stood at ₹22. Based on this, the IPO is expected to list at around ₹162 per share, which represents a potential listing gain of 15.71% over the upper price band of ₹140—provided GMP levels hold.

Allotment and Listing Timeline

The share allotment is likely to be finalised on June 2, 2025, with the stock expected to debut on the BSE and NSE by June 4, 2025.

Planned Use of IPO Funds

Proceeds from the IPO will be directed towards:

• Expanding the production capacity of seamless and welded tubes and pipes
• Augmenting working capital
• General corporate purposes

About Scoda Tubes Ltd.

Established in 2008, Scoda Tubes specialises in manufacturing stainless steel seamless and welded pipes and tubes. Operating from its facility on the Ahmedabad-Mehsana Highway in Gujarat, the company caters to industries such as oil & gas, chemicals, power, automotive, pharmaceuticals, and transportation. It serves both Indian and international clients, including those in the US, Germany, and Italy.

Key Advisors

Lead Manager: Monarch Networth Capital Ltd.

Registrar: MUFG Intime India Pvt Ltd (Link Intime)

Market watchers now anticipate a strong debut if current sentiment and GMP levels persist.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.