Mumbai: The IPO of Scoda Tubes Limited ended on May 30. The company planned to raise Rs 220 crore through this public issue. It offered a total of 1.57 crore fresh shares.

Use of IPO Money

The company will use the money raised for three things:

- To increase the production of seamless and welded tubes and pipes.

- To meet extra working capital needs.

- For general corporate work.

Huge Response from Investors

The IPO got a big response from investors. It was subscribed 57.37 times.

Retail investors: 20.89 times

NII (High net-worth investors): 121.72 times

QIB (Institutional investors): 72.97 times

Scoda Tubes IPO GMP is Strong

In the grey market, Scoda Tubes IPO’s GMP (Grey Market Premium) is Rs 20.50. This is 14.6% more than the issue’s highest price. Earlier, GMP was even higher at Rs 22. This shows strong listing gains.

Share Allotment and Listing Dates

Share allotment final: June 2

Shares in demat account: June 3

Stock exchange listing: June 4 (on BSE and NSE)

How to Check Allotment Status

You can check share allotment on the registrar’s website – MUFJ Intime India Pvt. Ltd. (Link Intime) by following these steps:

Visit: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Select "Scoda Tubes Limited" from the dropdown.

Enter PAN number or application number or demat ID.

Click "Submit".

About Scoda Tubes

Scoda Tubes makes stainless steel tubes and pipes. Their products are of two main types:

- Seamless pipes and tubes

- Welded U-tubes

They offer five kinds of products, all sold under the brand name “Scoda Tubes Limited.”

Company’s Financial Growth

FY23 revenue: Rs 307.79 crore

FY24 revenue: Rs 402.49 crore

FY23 profit: Rs 10.34 crore

FY24 profit: Rs 18.30 crore

FY25 (till Dec 31, 2024):

Revenue: Rs 363.48 crore

Profit: Rs 24.91 crore