Scoda Tubes IPO

Scoda Tubes Limited is a manufacturer of stainless steel tubes and pipes. It has over 14 years of industry experience. The company produces both seamless and welded variants across five main product lines: stainless steel seamless pipes, seamless tubes, “U” tubes, instrumentation tubes, and welded tubes. These products are used by engineering, EPC, and industrial firms in 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, which includes a hot piercing mill for producing mother hollows – its key raw material. The company also offers job work services like annealing, straightening, pickling, and marking. It serves both domestic and international markets through a network of stockists and exports to countries, including the United States, Germany, and Italy. Use of Proceeds: The IPO is a fresh issue of shares.​ The net proceeds from the issue will be utilised for the following purposes:​ Capital expenditure towards expanding production capacity Funding the part incremental working capital requirements General corporate purposes.;