Scoda Tubes' ₹220-crore IPO to Hit Dalal Street on May 28

Scoda Tubes Limited, a leading manufacturer of stainless-steel seamless and welded tubes and pipes, is set to launch its Initial Public Offering (IPO) through the book-building route, targeting a capital raise of ₹220 crore. This public issue is entirely a fresh offering, consisting of 1.57 crore equity shares. The IPO will be open for subscription from 28th May to 30th May 2025.

Issue Details

The Scoda Tubes IPO has a price range of ₹130 to ₹140 per share. For retail investors, the minimum investment is 1 lot of 100 shares. Other investor categories have much higher minimum investment requirements. For example, small institutional investors need to apply for at least ₹2,10,000, while big institutional investors must invest a minimum of ₹10,08,000.  

The share allotment is expected to happen on 2nd June 2025. The stock will then list on the exchanges on 4th June 2025. Monarch Networth Capital Ltd is managing the IPO process, and Link Intime (MUFG Intime India) is handling the registrar work.  

Objectives of the Issue 

The primary objectives of the Scoda Tubes IPO are to support the company’s capital expenditure plans aimed at expanding its production capacity for seamless and welded tubes and pipes, meet the incremental working capital requirements essential for day-to-day operations, and address general corporate purposes to strengthen overall business efficiency and growth.

Read More: NSE IPO: Regulatory Hurdles and Ongoing Discussions with SEBI

About Scoda Tubes 

Founded in 2008, Scoda Tubes Limited specialises in the production of stainless-steel tubes and pipes. Its product offerings are categorised into seamless and welded varieties, including stainless steel seamless pipes and tubes, "U" tubes, instrumentation tubes, and welded tubes. 

These products are marketed under the brand name “Scoda Tubes Limited” and cater to sectors such as oil and gas, chemicals, power, pharmaceuticals, automotive, and transportation.

Conclusion 

The Scoda Tubes IPO represents a significant step for the company to strengthen its manufacturing capabilities and expand its market presence. With a diverse product portfolio, robust international reach, and strategic use of funds, the IPO aims to enhance operational efficiency and support future growth initiatives.
 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.