Scoda Tubes Limited, a Gujarat-based manufacturer of stainless steel tubes and pipes, made its stock market debut on June 4, 2025. The issue received a strong response from investors and was subscribed 53.78 times.
The stock listed at par with the issue price of ₹140 on BSE and NSE, offering no gains.
The stock hit the upper circuit of ₹147, locking in 5% gain over the issue price. Trading is now frozen at the upper limit due to strong buying interest.
Following a flat listing at ₹140, Scoda Tubes shares witnessed a sharp uptick, climbing to ₹147.
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