Scoda Tubes' ₹220 Crore IPO to Open on May 28: Check Price Band, Timelines and More

27 May 2025
3 min read
Scoda Tubes' ₹220 Crore IPO to Open on May 28: Check Price Band, Timelines and More
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Scoda Tubes is set to enter the public markets with an Initial Public Offering (IPO) aimed at raising approximately ₹220 crore. 

Price Band and Timeline

The subscription window for Scoda Tubes IPO spans from May 28, 2025, to May 30, 2025. The crucial date for the finalisation of the basis of allotment is June 2, 2025. Following this, refunds are scheduled for processing and shares credited to demat accounts on June 3, 2025. The equity shares are slated for listing on both the BSE and NSE on June 4, 2025.

The IPO is structured as a Book Built Issue and consists entirely of a fresh issue of equity shares worth ₹220 crore, along with an Offer for Sale of an undisclosed number of shares.The company has established a price band of ₹130 to ₹140 per equity share, each carrying a face value of ₹10. 

Issue Structure 

The allocation within the issue is segmented for different investor categories. QIBs are designated not more than 50% of the total issue size, NIIs (HNIs) not more than 15%, and Retail Investors not more than 35%. Application methods available include the ASBA facility online via bank accounts or UPI through stock brokers, or by submitting offline forms. 

Use of Proceeds

The capital intended to be raised through this IPO is earmarked for specific strategic purposes. A significant portion is allocated towards capital expenditure aimed at expanding the production capacity for both seamless and welded tubes and pipes. Additionally, the funds will help finance a part of the company's incremental working capital requirements. The remaining proceeds are designated for general corporate purposes.

Company Overview

Established in 2008 and headquartered in Rajpur, Gujarat, Scoda Tubes Limited is a manufacturer of stainless steel tubes and pipes. The company's product portfolio encompasses seamless and welded tubes and pipes, including stainless steel seamless pipes, seamless tubes, seamless U-tubes, instrumentation tubes, and welded tubes and U-tubes. 

Scoda Tubes serves a diverse clientele across sectors such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation. The company operates a hot piercing mill to produce mother hollow, the primary raw material for its stainless steel seamless products.

Checking Allotment Status

Investors can check the allotment status of Scoda Tubes IPO through the following steps:

  1. Visit the Registrar's Website: Go to the official website of the IPO registrar, Link Intime India Private Ltd.

  2. Navigate to IPO Allotment Section: Click on the 'IPO Allotment Status' link.

  3. Select Scoda Tubes IPO: Choose 'Scoda Tubes Limited' from the dropdown menu.

  4. Enter Required Details: Provide your PAN, application number, or DP/Client ID.

  5. Submit and View Status: Click on the 'Search' button to view your allotment status

Alternatively, investors can check the allotment status on the BSE website by selecting 'Equity' under the issue type and choosing 'Scoda Tubes Limited' from the issue name dropdown.

Financial Trajectory and Key Metrics

An analysis of Scoda Tubes' recent financial performance reveals consistent growth across key parameters over the last three fiscal years. Revenue increased from ₹195.05 crores in 2022 to ₹307.79 crores in 2023, reaching ₹402.49 crores in 2024. Profit After Tax (PAT) saw a significant uplift, rising from ₹1.64 crores in 2022 to ₹10.34 crores in 2023, and further to ₹18.3 crores in 2024. The company's assets also grew steadily, from ₹156.06 crores in 2022 to ₹330.42 crores in 2024.

Key valuation metrics based on the FY2024 performance include a Return on Net Worth (RoNW) of 28.77%, a Return on Capital Employed (ROCE) of 15.92%, an EBITDA Margin of 14.70%, and a PAT Margin of 4.58%.

The basic Earnings Per Share (EPS) for FY2024 stands at ₹4.60, while the Net Asset Value (NAV) is ₹15.99. The Debt to Equity ratio is reported as 3.19. Based on these financial indicators, the source suggests that IPO investors should consider applying for the long term.

The promoters of Scoda Tubes are listed as Samarth Patel, Jagrutkumar Patel, Ravi Patel, Saurabh Patel, and Vipulkumar Patel. Monarch Networth Capital Ltd is serving as the Lead Manager for the IPO, with MUFG Intime India Private Ltd appointed as the Registrar.

 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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