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Scoda Tubes Ltd IPO

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).

Scoda Tubes Ltd IPO Details

Total Shares Offered

₹ 1,57,14,286

Offer to Public

TBA

Retail Max (Shares)

₹ 55,00,000

Pre Issue Promoters Holding

₹ 3,97,94,700

Exchange

BSE

Issue size

₹ 220 Cr

IPO Open Date

May 28, 2025

Close Date

May 30, 2025

Lot Size

100

Min Investment

₹ 13,000

Issue Type

Book Building

Listing Date

Jun 4, 2025

Scoda Tubes Ltd IPO Dates

May 28, 2025

Opening date

May 30, 2025

Closing date

Jun 2, 2025

Basis of Allotment

Jun 3, 2025

Initiation of Refunds

Jun 3, 2025

Credit of Shares

Jun 4, 2025

Listing date

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	29.94x	7857143	235259000
NII	121.73x	2357143	286925600
Retail	20.9x	5500000	114934300
Employee	0x	0	0
Total	40.54x	15714286	637118900

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

29.94x

121.73x

20.9x

40.54x

7857143

2357143

5500000

15714286

235259000

286925600

114934300

637118900

Scoda Tubes Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	60.03	42.33	25.85
EBITDA	78.16	58.72	37.33
PAT	31.74	18.30	10.34
Total Assets	310.15	226.50	164.39
Share Capital	44.20	1.28	1.28
Total Borrowings	206.92	178.49	116.48
Operating Activities (Net Cash)	49.87	34.69	21.82
Investing Activities (Net Cash)	-21.59	0.92	0.92
Financing Activities (Net Cash)	206.92	178.49	116.48
Net Cashflow	43.95	22.40	10.42

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.

Peer Comparison:

Scoda Tubes Limited
Ratnamani Metals & Tubes Limited
Venus Pipes & Tubes Limited
Welspun Specialty Solutions Limited
Suraj Limited

Scoda Tubes Ltd 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.

How To Apply for Scoda Tubes Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Scoda Tubes Ltd IPO?

Scoda Tubes Ltd's IPO offers shares for up to 220 It begins on May 28, 2025 and ends on May 30, 2025.

What is the price of the Scoda Tubes Ltd IPO?

The price of Scoda Tubes Ltd IPO ranges between ₹130 to ₹140 per share.

What are the open and close dates for the Scoda Tubes Ltd IPO?

The Scoda Tubes Ltd IPO opens on May 28, 2025 and closes on May 30, 2025.

When will the Scoda Tubes Ltd IPO be allotted?

The allotment for the Scoda Tubes Ltd IPO will be finalised on Jun 2, 2025. The shares will be listed on BSE and NSE on Jun 4, 2025.

What is the minimum lot size required for Scoda Tubes Ltd IPO?

The minimum lot size for Scoda Tubes Ltd IPO is 100 shares, priced between ₹130 to ₹140 per share.

What is the GMP of Scoda Tubes Ltd IPO?

The GMP (Grey Market Premium) of Scoda Tubes Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Scoda Tubes Ltd IPO?

To check the allotment status of Scoda Tubes Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Scoda Tubes Ltd IPO getting listed?

The Scoda Tubes Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 28, 2025, and closes on May 30, 2025. The allotment is finalised on Jun 2, 2025.

How do you apply for the Scoda Tubes Ltd IPO?

To apply for the Scoda Tubes Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.