Scoda Tubes Ltd IPO
Open Demat Account
Scoda Tubes Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 157.14 L | TBA | ₹ 55 L | ₹ 397.95 L | BSE | ₹ 220 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 28 May, 25 | 30 May, 25 | 100 | ₹ 13,000 | Book Building | 04 Jun, 25 |
Scoda Tubes Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Steel - Medium |
| Sub Sector | Small |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.6x | 7857143 | 4738700 |
| NII | 3.08x | 2357143 | 7261500 |
| Retail | 2.25x | 5500000 | 12353200 |
| Employee | 0x | 0 | 0 |
| Total | 1.55x | 15714286 | 24353400 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Scoda Tubes Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 42.33 | 25.85 | 3.84 |
| EBITDA | 58.72 | 37.33 | 5.37 |
| PAT | 18.30 | 10.34 | 1.64 |
| Total Assets | 226.50 | 164.39 | 100.69 |
| Share Capital | 1.28 | 1.28 | 1.28 |
| Total Borrowings | 167.43 | 116.48 | 97.63 |
| Operating Activities (Net Cash) | 34.69 | 21.82 | 3.17 |
| Investing Activities (Net Cash) | 0.92 | 0.92 | -34.12 |
| Financing Activities (Net Cash) | 167.43 | 116.48 | 97.63 |
| Net Cashflow | 22.40 | 10.42 | 0.70 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Scoda Tubes Ltd
Our Company was incorporated as Scoda Tubes Limited under the provisions of the Companies Act, 1956 vide Certificate of incorporation dated November 10, 2008, and Certificate of Commencement of Business dated November 12, 2008, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli.
Global demand for stainless steel tubes and pipes increased from approximately 2.7 million tonnes per annum in 2019 to approximately 3.1 million tonnes per annum in 2023, clocking a CAGR of about 3%. The share of stainless-steel welded tubes and pipes in the overall global demand falls in 80-85% range with the stainless-steel seamless tubes and pipes accounting for the rest 15-20% share in the demand. Domestic demand for stainless steel tubes and pipes increased from 0.23 million tonnes in fiscal 2020 to 0.32 million tonnes in fiscal 2024, clocking a CAGR of approximately 9% during the period. The share of stainlesssteel welded tubes and pipes in the overall domestic demand has largely remained at around 65% with the stainlesssteel seamless tubes and pipes accounting for the rest 35% share throughout the period. Between fiscals 2024 and 2029, the domestic demand for stainless steel tubes and pipes is expected to increase at a CAGR of 6-8% to 0.45- 0.47 million tonnes in fiscal 2029. This healthy growth in the demand will primarily be led by strong growths in major end use industries of stainless-steel tubes and pipes such as building and construction, automobile, oil and gas, chemical manufacturing, food and beverage, etc.
We are a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience. Our products are broadly categorised into: (i) seamless tubes/pipes; and (ii) welded tubes and pipes, under five (5) product lines, namely, (i) stainless steel seamless pipes; (ii) stainless steel seamless tubes; (iii) stainless steel seamless U tubes; (iv) stainless steel instrumentation tubes; and (v) stainless steel welded tubes and U tubes (Products or Stainless Steel Products).
Peer Comparison:
- Scoda Tubes Limited
- Ratnamani Metals & Tubes Limited
- Venus Pipes & Tubes Limited
- Welspun Specialty Solutions Limited
- Suraj Limited
Scoda Tubes Ltd IPO Key Points
Strengths
- Specialised production of Stainless-Steel tubes and pipes.
- International Accreditations and product approvals.
- Customer Diversification and International Presence.
- Extensive and Effective Quality Control.
- Strategic location of Manufacturing Facility and fully integrated production.
Risk
- 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.
- 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.
- 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.
Strategy
- Increase our existing production capacity.
- Geographic expansion of our customer base.
- Strengthen our brand value.
- Specialised production of Stainless-Steel tubes and pipes.
- International Accreditations and product approvals.
- Customer Diversification and International Presence.
- Extensive and Effective Quality Control.
- Strategic location of Manufacturing Facility and fully integrated production.
How To Apply for Scoda Tubes Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
