Scoda Tubes IPO is Set to Open on May 28: All You Need to Know

Scoda Tubes IPO is set to open for subscription on May 28, 2025, and will close on May 30, 2025. This upcoming IPO is a book-built issue amounting to ₹220 crore. The IPO is a completely fresh offering of 1.57 crore equity shares.

Scoda Tubes IPO Details

Scoda Tubes IPO allotment is expected to be finalised by June 2, 2025 (Monday), and the shares are tentatively scheduled to be listed on both BSE and NSE on June 4, 2025 (Wednesday).

The price band for the IPO is set between ₹130 and ₹140 per share. Retail investors can apply with a minimum lot size of 100 shares, translating to a base investment of ₹13,000.

Monarch Networth Capital Ltd has been appointed as the book-running lead manager for the IPO, while MUFG Intime India Private Limited (formerly known as Link Intime) will serve as the registrar.

Use of IPO Proceeds

• The net proceeds from the Scoda Tubes IPO will be used for three primary objectives: Capital expenditure of ₹769.90 million towards expanding the production capacity of seamless and welded tubes and pipes
• ₹1,100 million to support the company’s incremental working capital requirements
• Funding general corporate purposes.

About Scoda Tubes Limited

Founded in 2008, Scoda Tubes Limited manufactures a wide range of stainless-steel tubes and pipes. The company's product portfolio includes both seamless and welded varieties, further segmented into stainless steel seamless pipes, seamless tubes, “U” tubes, instrumentation tubes, and welded tubes. All products are sold under the company’s brand name, “Scoda Tubes Limited.”

Scoda Tubes serves a diverse customer base comprising engineering firms, EPC contractors, and industrial companies across sectors such as oil and gas, chemicals, fertilisers, power, pharmaceuticals, automotive, railways, and transportation. With its consistent growth and specialised offerings, the company aims to strengthen its position in the industrial tubing market through this public offering.

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