Scoda Tubes was incorporated on November 10, 2008. The company is a stainless-steel tubes and pipes manufacturer with over 14 years of experience. It offers seamless and welded products across five lines, serving diverse sectors such as oil and gas, chemicals, power, pharmaceuticals, automotive, and transportation. Additionally, it operates a hot piercing mill to produce mother hollow, the principal raw material for its stainless-steel seamless products
| Bidding Dates |
|---|
| 28 May 2025 - 30 May 2025 |
| Subscription |
|---|
| 53.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,000 | 1 | 14 | 100 | 15.7 M | ₹130 - ₹140 | 66.43 % | ₹2042.9 M - ₹2200.0 M | RHP DOC |
Scoda Tubes IPO SUBSCRIPTION STATUS
30 May '25Scoda Tubes IPO overall subscription rate was 53.78 times the total available shares
Scoda Tubes IPO retail subscription rate was 19.4 times in the retail segment
Scoda Tubes IPO non-institutional investor subscription rate was 113.03 times in the non-institutional investor category
Scoda Tubes IPO Qualified Institutional Bidder subscription rate was 69.51 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 May 2025 (Day 3) | 19.4x | 113.03x | 69.51x |
29 May 2025 (Day 2) | 6.46x | 20.21x | 1.93x |
28 May 2025 (Day 1) | 2.09x | 2.86x | 1.4x |
Scoda Tubes FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 24.9 | 361.2 | 5.4 | -13.1 | 16.8% |
| FY24 | 18.3 | 399.9 | 2.3 | -336.2 | 14.7% |
| FY23 | 10.3 | 305.1 | 20.3 | -81.3 | 11.4% |
| FY22 | 1.6 | 194.0 | -46.9 | -821.9 | 5.2% |
Scoda Tubes IPO SUBSCRIPTION STATUS DETAILS
Scoda Tubes had 15.7 M shares on offer
Scoda Tubes IPO offer price was in the range ₹130 - ₹140
Scoda Tubes IPO minimum Investment was ₹13000
Scoda Tubes IPO issue size was ₹ 2042.9 M - ₹ 2200.0 M
Scoda Tubes had a minimum lot size of 100 Shares per application
Scoda Tubes NUMBER OF SHARES ON OFFER
Scoda Tubes IPO IMPORTANT DATES
| Issue Open Date | 28 May 2025 |
| Issue close Date | 30 May 2025 |
| Allotment Date | 02 Jun 2025 |
| Refund Date | 03 Jun 2025 |
| Demat Account Credit Date | 03 Jun 2025 |
| Listing Date | 04 Jun 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Scoda Tubes Allotment Status | Exchange/ Registrar |
Scoda Tubes IPO subscription opened on 28 May 2025, and closed on 30 May 2025
IPO allotment for Scoda Tubes was finalized on Monday, 02 Jun 2025
IPO listing for Scoda Tubes was on NSE and BSE on Wednesday, 04 Jun 2025
Scoda Tubes IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 140.0 |
| Listing Close Price | 147.0 |
| Listing Gain% | 0.0% |
| Current Gain% | 0.0% |
Scoda Tubes Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scoda Tubes Ltd. | 140.1 | 839.1 | 21.6 | 1 | 1.6 | 10 | 5.6 | 529.2 | 8.3 | 38.8 | 22.4 | 6.5 | 22.4 |
| APL Apollo Tubes Ltd. | 2012.7 | 55884.3 | 45.5 | 0.9 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1836.9 | 48455.7 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 509.9 | 15538.8 | 30.6 | 1.2 | 4 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 38.8 | 15176.2 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2608.9 | 5915.1 | 20.7 | 1.8 | 2.1 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Scoda Tubes INFORMATION ON IPO ISSUE
About Scoda Tubes
Scoda Tubes was incorporated on November 10, 2008. The company is a stainless-steel tubes and pipes manufacturer with over 14 years of experience. It offers seamless and welded products across five lines, serving diverse sectors such as oil and gas, chemicals, power, pharmaceuticals, automotive, and transportation. Additionally, it operates a hot piercing mill to produce mother hollow, the principal raw material for its stainless-steel seamless products
Object of the Issue
- Capital expenditure towards expanding the production capacity of seamless and welded tubes and pipes
- Funding the part incremental working capital requirements of the company
- General corporate purposes
Scoda Tubes - PROMOTERS
| Name |
|---|
| Jagrutkumar Patel |
| Ravi Patel |
| Samarth Patel |
| Saurabh Patel |
| Vipulkumar Patel |
Scoda Tubes Book Running Lead Manager
Monarch Networth Capital Limited
ecm@mnclgroup.com
Scoda Tubes Registrar to the Offer
Link Intime India Private Limited
scodatubes.ipo@linkintime.co.in
Scoda Tubes Strengths
Specialized production
The company specializes in the production of seamless and welded products solely in stainless steel. Since its inception, it has focused on this single metal segment, building expertise in production processes, inventory management, and sales. This specialization enables the company to accurately assess and respond to customer preferences in the stainless-steel tubes and pipes market
Customer diversification & international presence
The company’s products serve a diverse range of industrial sectors, including oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation, both domestically and internationally. In the domestic market, products are sold to stockists, as well as engineering, EPC, and industrial companies
Geographical advantage
The company’s manufacturing facility is strategically located for easy access to key ports and junctions, facilitating efficient product supply. It is approximately 200 km from Mundra Port, a key export hub, and just 23 km from the Inland Container Depot, ensuring strong connectivity and helping to reduce logistics costs
Scoda Tubes Risks
Dependent on stockist network
The company relies on stockists for the sale and distribution of its stainless-steel tubes and pipes, including one in Maharashtra, India, and another in the United States for exclusive sales. Termination of these arrangements or any failure of stockists to effectively market the products could adversely impact the company's business and financial condition
Demand driven
The company’s business and profitability depend significantly on demand from engineering, EPC, and industrial companies, as well as stockists both in and outside of India. A reduction in activity or expenditure levels from these customers could adversely affect its business, prospects, results of operations, and financial condition
Limited experience
The company and its promoters have limited experience in implementing a growth strategy for expanding the welded tubes and pipes business, which is currently smaller in scale. This may hinder its ability to compete successfully and make it challenging to evaluate future operating results based on past performance
IPO FAQs
The promoters of the company are Jagrutkumar Patel, Ravi Patel, Samarth Patel, Saurabh Patel and Vipulkumar Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 130.0 - 140.0.
The IPO application opens on May 28, 2025 and closes on May 30, 2025.
The minimum lot size for the IPO is 100. The maximum lot size for the IPO is 1400.
For all category investors, the minimum application amount for this IPO is Rs. 13,000.0, the maximum value for this IPO is Rs 196,000.0.
This IPO will be allotted on Jun 02, 2025.
The refund will be credited to your account on Jun 03, 2025.
The allotted shares will be credited to your demat on Jun 03, 2025.
Scoda Tubes Ltd.’s shares listed on the stock exchanges on Jun 04, 2025.