Scoda Tubes IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for the Scoda Tubes IPO closes today on May 30, 2025. The allotment process is expected to be finalised on June 2, 2025, and the company's shares are tentatively set to be listed on both the BSE and NSE on Wednesday, June 4, 2025.
Scoda Tubes IPO Details
Scoda Tubes Limited IPO launched its IPO on May 28, 2025. The IPO is a bookbuilding of ₹220.00 crores. The issue is entirely a fresh issue of 1.57 crore shares. Investors can apply with a minimum lot size of 100, requiring a minimum investment of ₹13,000. The issue price band is set at ₹130–₹140 per share.
Monarch Networth Capital Ltd is the book-running lead manager of the Scoda Tubes IPO, while MUFG Intime India Private Limited ((Link Intime) is the registrar for the issue.
Scoda Tubes IPO Day 3 Subscription Status
(May 30, 2025, 10:09 AM)
On Day 3, Scoda Tubes IPO was subscribed 9.52 times as per the NSE data. The public issue was subscribed 7.18 times in the retail category, 1.95 times in QIB, and 25.10 times in the NII category.
Also check:
Scoda Tubes IPO Day 1 Subscription Status
Scoda Tubes IPO Day 2 Subscription Status
Utilization of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Capital expenditure towards expanding the production capacity of seamless and welded tubes and pipes.
- Funding part of the incremental working capital requirements of the Company.
- General Corporate Purposes.
Scoda Tubes Ltd. GMP Details
According to Business Standard, Scoda Tubes' Grey Market Premium (GMP) was ₹22 as of May 30, 2025, 10:25 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹162, indicating a 15.71% gain when the company gets listed.
|
Source: Business Standard Media Report dated May 30, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Scoda Tubes Ltd. Business Overview
Scoda Tubes Ltd., established in 2008, is a prominent Indian manufacturer specializing in stainless steel seamless and welded pipes and tubes. With over 14 years of industry experience, the company offers a diverse product range, including seamless pipes, seamless tubes, "U" tubes, instrumentation tubes, and welded tubes. These products cater to various sectors such as oil and gas, chemicals, power, pharmaceuticals, automotive, and transportation. Scoda Tubes operates a manufacturing facility located on the Ahmedabad-Mehsana Highway in Gujarat, equipped with a hot piercing mill for producing mother hollows, its key raw material. The company serves both domestic and international markets, including the United States, Germany, and Italy.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here