Scoda Tubes Limited IPO

Scoda Tubes Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹130 - ₹140

Total Issue

₹220.00 Cr

Bid Dates

28 May - 30 May

Subscription

53.78x

Est. GMP

₹19 (13.57%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Scoda Tubes Limited, based in India with over 14 years of experience, is a leading manufacturer of stainless-steel tubes and pipes. The company offers a wide range of products, including seamless and welded variants, categorized into five lines: stainless steel seamless pipes, seamless tubes, seamless “U” tubes, instrumentation tubes, and welded tubes and “U” tubes. Scoda serves diverse industries such as oil & gas, chemicals, power, pharmaceuticals, and transportation. The company also operates a 20,000 MT per annum hot piercing mill for producing mother hollows and provides job work services like annealing, straightening, pickling, and marking.

Lot Info

Lot Information for Scoda Tubes IPO
Category Lots Shares Amount
Retail (Min) 1 100 ₹14,000
Retail (Max) 14 1,400 ₹1,96,000
S-HNI (Min) 15 1,500 ₹2,10,000
S-HNI (Max) 71 7,100 ₹9,94,000
B-HNI (Min) 72 7,200 ₹10,08,000

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹220.00 Cr
Fresh Issue
₹220.00 Cr (1.57 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. Capex towards expanding production capacity of seamless and welded tubes and pipes
  2. Funding the part incremental working capital requirements of our Company
  3. General corporate purposes

Grey Market Premium

GMP ₹19
Est. Price ₹159
Est. Gain 13.57%

Scoda Tubes IPO Peer Comparison

(Rs. in crores)

Scoda Tubes IPO Peer Comparison Table
Particulars Scoda Tubes Ratnamani Metals & Tubes Venus Pipes & Tubes Welspun Specialty Solutions Suraj
Revenue from Ops (in Crs.) 399.86 5,059.09 802.20 696.67 330.67
PAT (In Crs.) 18.30 625.10 85.98 62.47 21.53
EPS - Basic 4.60 89.18 42.36 1.18 11.72
NAV per share 15.99 448.07 200.05 1.76 66.74
RONW 28.77% 19.90% 21.17% 67.11% 17.57%
EBITDA 14.70% 15.80% 16.77% 5.79% 9.10%
PAT Margin 4.58% 12.36% 10.72% 8.97% 6.51%
Price to earning (PE) 30.43 31.93 30.77 27.15 34.79
  • All information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of May 20, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Scoda Tubes IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 361.17 399.86 305.13 194.03
Profit after Tax 24.91 18.30 10.34 1.64
Net Worth 143.55 63.61 45.31 34.98
Total Borrowing 202.16 202.66 139.31 109.90
Total Assets 428.49 330.42 238.26 156.06
NAV per share (in ₹) 32.48 15.99 11.39 8.79
EPS - Basic (in ₹) 6.08 4.60 2.60 0.72

KPIs

EBITDA

14.70%

PAT

4.58%

ROE

28.77%

ROCE

15.92%

PE Ratio

30.43

PB Ratio

8.76

Mkt Cap (in Crs.)

838.73

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

90.04%

Public

9.96%

Samarth Patel 14.03%
Saurabh Patel 14.03%
Jagrutkumar Patel 9.00%
Ravi Patel 9.00%
Vipulkumar Patel 3.24%
Other Promoter 40.74%

Management

Samarth Patel Chairman
Jagrutkumar Patel MD
Ravi Patel CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

Monarch Networth Capital Monarch Networth Capital

Subscription Status

Updated as on 30-May-2025 19:00:00

Mainboard Subscription Status for Scoda Tubes IPO
Category Sub (x) Offered Bids
QIB 74.85 31,42,943 23,52,59,000
NII 121.73 23,57,143 28,69,25,600
bHNI 135.31 15,71,429 21,26,34,400
sHNI 94.55 7,85,714 7,42,91,200
Retail 20.90 55,00,000 11,49,34,300
Total 57.92 1,10,00,086 63,71,18,900

Frequently Asked Questions

What is Scoda Tubes IPO?
Scoda Tubes IPO is a Mainboard IPO having an issue size of ₹220.00 Crs. Scoda Tubes IPO is priced at ₹130 - ₹140 per share. The issue opens on 28 May 25 and closes on 30 May 25.
When will Scoda Tubes IPO open?
Scoda Tubes IPO opens on 28 May 25 and closes on 30 May 25.
What is the GMP of Scoda Tubes IPO?
The estimated Grey Market Premium of Scoda Tubes IPO is ₹19 per share (13.57%).
What is the lot size of Scoda Tubes IPO?
The minimum lot size of Scoda Tubes IPO is 100 shares & the minimum application amount is Rs. 14000.
When is the allotment of Scoda Tubes IPO?
The allotment date of Scoda Tubes IPO is 02 Jun 25.
What is the listing date of Scoda Tubes IPO?
The listing date of Scoda Tubes IPO is 04 Jun 25.
What is the subscription of Scoda Tubes IPO?
Scoda Tubes IPO is subscribed 53.78 times.
What is the price band of Scoda Tubes IPO?
Scoda Tubes IPO is priced at ₹130 - ₹140 per share.
How to check allotment status of Scoda Tubes IPO?
Click the allotment link on Scoda Tubes IPO page of IPO360.
How to apply Scoda Tubes IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Scoda Tubes IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Scoda Tubes IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Scoda Tubes IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date