Scoda Tubes IPO Details
MAINBOARD
Scoda Tubes IPO opens for subscription on 28 May 2025 and closes on 30 May 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 04 Jun 2025.
Scoda Tubes IPO price band has been fixed at ₹130 – ₹140 per share.The face value is ₹10 per share with a lot size of 100.
Scoda Tubes IPO total issue size comprises 1,57,14,286 shares (aggregating up to ₹220.00 Cr). This includes a fresh issue of 1,57,14,286 shares (aggregating up to ₹220.00 Cr). Pre-issue shareholding stands at 39,79,470, which will increase to 1,96,93,755 post-issue.
Scoda Tubes IPO carries a ₹20 (14.29%) GMP, reflecting investor sentiment.
Scoda Tubes IPO Lot Size : Retail Minimum is 1 lot (100 shares) amounting to ₹14,000. Retail Maximum is 14 lots (1,400 shares) amounting to ₹196,000. SHNI Minimum is 15 lots (1,500 shares) amounting to ₹210,000. SHNI Maximum is 71 lots (7,100 shares) amounting to ₹994,000. BHNI Minimum is 72 lots (7,200 shares) amounting to ₹1,008,000.
The Lead Managers for Scoda Tubes IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Monarch Networth Capital Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Scoda Tubes Limited RHP.
Scoda Tubes IPO Details
Scoda Tubes IPO Subscription
Scoda Tubes IPO Application Wise Breakup (Approx)
Scoda Tubes IPO Dates
- 28 May 2025Opening dateOpen
- 30 May 2025Closing dateClose
- 02 Jun 2025Allotment Date Allotment
- 03 Jun 2025Initiation of RefundsRefund
- 03 Jun 2025Credit of SharesCredit
- 04 Jun 2025Listing dateListing
Scoda Tubes IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 100 | ₹14,000 |
| Retail Maximum | 14 | 1400 | ₹196,000 |
| SHNI Minimum | 15 | 1500 | ₹210,000 |
| SHNI Maximum | 71 | 7100 | ₹994,000 |
| BHNI Minimum | 72 | 7200 | ₹1,008,000 |
Scoda Tubes IPO Reservation
Promoter Holding
Scoda Tubes IPO Valuations
Scoda Tubes Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 330.42 | 238.26 | 156.06 |
| Revenue | 402.49 | 307.79 | 195.05 |
| Profit After Tax | 18.3 | 10.34 | 1.64 |
| Net Worth | 63.61 | 45.31 | 34.98 |
| Reserves and Surplus | 62.33 | 44.03 | 33.69 |
| Total Borrowing | 202.66 | 139.31 | 109.9 |
| Amount in ₹ Crore | |||
About Scoda Tubes IPO
Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes.
The company's products are broadly categorized into two types: (i) seamless tubes/pipes and (ii) welded tubes/pipes. These are further divided into five product lines:
- Stainless steel seamless pipes
- Stainless steel seamless tubes
- Stainless steel seamless “U” tubes
- Stainless steel instrumentation tubes
- Stainless steel welded tubes and “U” tubes
The company markets its products under the brand name “Scoda Tubes Limited.” Customers include engineering companies, EPC (Engineering, Procurement, and Construction) firms, and industrial companies across sectors such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation.
Manufacturing and Production:
- The company operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products.
- Manufacturing Facility: Located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat.
Market Presence (Fiscal 2024):
- Supplied products to 49 stockists across domestic and international markets.
- Exported to 16 countries, including the United States, Germany, Netherlands, Italy, Spain and France.
Distribution Network:
- India: An authorized stockist in Maharashtra handles domestic sales.
- United States: A dedicated stockist exclusively distributes products.
- Europe: Products are supplied through stockists in Italy, Germany, Austria, and Eastern European markets.
Workforce (as of August 31, 2024):
- Total Employees: 496
- Permanent Employees: 149
Contractual Workers: 347
Strength Of Scoda Tubes IPO
1. Specialised production of Stainless-Steel tubes and pipes.
2. International Accreditations and product approvals.
3. Customer Diversification and International Presence.
4. Extensive and Effective Quality Control.
5. Strategic location of Manufacturing Facility and fully integrated production.
6. Experienced and Qualified Team.
7. Consistent Financial Performance.
Risk Of Scoda Tubes IPO
1. Its Business is primarily concentrated with the company's top 10 customers. Any loss of its single largest customer or any number of its top ten customers or a reduction in purchases by any of them could adversely affect its business, results of operations and financial conditions.
2. The company relies on its network of stockists for the sale and distribution of its stainless-steel tubes and pipes, including one stockist based in Maharashtra, India and one based in the United States markets authorised to exclusively sell its products. Any termination of its sales arrangements with the company stockists or any failures of its stockists to effectively sell or market its products could materially and adversely affect its business, results of operations and financial condition.
3. Its business and profitability are substantially dependent on the demand for the company products from engineering, EPC and industrial companies, stockists, in and outside of India. Any reduction in the activity and expenditure levels in such customers may adversely affect its business, prospects, results of operations and financial condition.
4. The company and its Promoters have limited experience in implementing its growth strategy to expand the company welded tubes and pipes business which is presently smaller in scale. Its may not be able to compete successfully and it may be difficult to evaluate its business and future operating results on the basis of its past performance.
5. Capital expenditure is being used for welded pipes despite low-capacity utilization rate and may not result in increase in revenue from operations.
6. Its business and profitability are substantially dependent on the availability and cost of its raw materials, and the company is dependent on third-party suppliers/manufacturers/stockists for meeting its raw material requirements. Any disruption to the timely and adequate supply, or volatility in the prices of, raw materials may adversely impact its business, results of operations and financial condition.
7. Its business involves prolonged working capital days and an extended cash conversion cycle. If the company is unable to anticipate and respond to changes in market demands and customer preferences in a timely and efficient manner, its business, results of operations, cash flows and financial condition may be adversely affected.
8. The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.
9. Its contingent liabilities could materially and adversely affect the company business, results of operations and financial condition.
10. Its revenue from operations is derived in part from the company exports, which the company intend to grow. Its growth plans and exports may be dependent on the policies passed by the governments of the markets into which the company export and any unfavourable change in such policies may adversely affect its business.
Objectives Scoda Tubes IPO
1. Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes.
2. Funding the part incremental working capital requirements of the Company
3. General corporate purposes.
Company Contact Details
Scoda Tubes Limited
Survey No. 1566/1,
Village Rajpur, Kadi,
Mehsana, Ahmedabad
Phone: 027 64278278
Email: cs@scodatubes.com
Website: https://www.scodatubes.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Scoda Tubes IPO - FAQs
The Scoda Tubes IPO is a MAINBOARD public issue comprising 15714286 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹220.00 Cr. The issue price has been fixed at ₹140 per equity share, and the minimum application size is 100 shares.
The IPO opens for subscription on 28 May 2025, and closes on 30 May 2025.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹20 (14.29%).