Overview: Scoda Tubes IPO Details at a Glance
Scoda Tubes IPO is a ₹220 crores public offering that opened for subscription on May 28, 2025 and closes on May 30, 2025. The Gujarat-based stainless steel tubes manufacturer has set an attractive price band of ₹130-140 per share, making it accessible for retail investors with a minimum investment of ₹14,000.
Key IPO Highlights
| Parameter | Details |
|---|---|
| IPO Size | ₹220.00 Crores |
| Issue Type | Fresh Issue (No OFS) |
| Price Band | ₹130 – ₹140 per share |
| Lot Size | 100 shares |
| Minimum Investment | ₹14,000 (at upper price band) |
| Opening Date | May 28, 2025 |
| Closing Date | May 30, 2025 |
| Listing Date | June 4, 2025 (Tentative) |
| Exchanges | BSE, NSE |
Scoda Tubes IPO Timeline & Important Dates
Understanding the IPO timeline is crucial for investors planning to apply. Here’s the complete schedule:
| Event | Date |
|---|---|
| IPO Opens | Wednesday, May 28, 2025 |
| IPO Closes | Friday, May 30, 2025 |
| Allotment Finalization | Monday, June 2, 2025 |
| Refund Initiation | Tuesday, June 3, 2025 |
| Shares Credit to Demat | Tuesday, June 3, 2025 |
| Listing Date | Wednesday, June 4, 2025 |
| UPI Mandate Cut-off | 5 PM on May 30, 2025 |
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Scoda Tubes IPO Price Band & Lot Size Details
The IPO is priced competitively in the ₹130-140 range, making it accessible to various investor categories:
Investment Requirements by Category
| Application Type | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 100 | ₹14,000 |
| Retail (Maximum) | 14 | 1,400 | ₹1,96,000 |
| sNII (Minimum) | 15 | 1,500 | ₹2,10,000 |
| sNII (Maximum) | 71 | 7,100 | ₹9,94,000 |
| bNII (Minimum) | 72 | 7,200 | ₹10,08,000 |
Pro Tip: Bid at the cut-off price (₹140) to avoid rejection due to oversubscription scenarios.
IPO Reservation & Allocation Structure
Scoda Tubes has allocated shares according to SEBI guidelines:
| Investor Category | Allocation |
|---|---|
| QIB (Qualified Institutional Buyers) | Maximum 50% |
| Retail Investors | Minimum 35% |
| NII/HNI (Non-Institutional Investors) | Minimum 15% |
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About Scoda Tubes Limited: Company Profile
Incorporated in 2008, Scoda Tubes Limited is a leading manufacturer of stainless steel tubes and pipes based in Gujarat. The company has established itself as a reliable supplier to various industries including oil & gas, chemicals, pharmaceuticals, and automotive sectors.
Product Portfolio
Scoda Tubes manufactures five main product lines:
- Stainless steel seamless pipes
- Stainless steel seamless tubes
- Stainless steel seamless “U” tubes
- Stainless steel instrumentation tubes
- Stainless steel welded tubes and “U” tubes
Manufacturing Capabilities
- Location: Ahmedabad-Mehsana Highway, Rajpur, Kadi, Mehsana, Gujarat
- Hot Piercing Mill: For producing mother hollow (primary raw material)
- Workforce: 496 employees (149 permanent, 347 contractual)
Market Presence & Distribution
Domestic Market:
- Supplies to 49 stockists across India
- Authorized stockist in Maharashtra for domestic sales
International Market:
- Exports to 16 countries including USA, Germany, Netherlands, Italy, Spain, and France
- Dedicated stockist in the United States
- European distribution through stockists in Italy, Germany, and Austria
Scoda Tubes Financial Performance Analysis
Revenue & Profitability Trends
| Period | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| Dec 2024 | 363.48 | 24.91 | 143.55 |
| Mar 2024 | 402.49 | 18.30 | 63.61 |
| Mar 2023 | 307.79 | 10.34 | 45.31 |
| Mar 2022 | 195.05 | 1.64 | 34.98 |
Key Financial Ratios
| KPI | Value |
|---|---|
| ROE (Return on Equity) | 28.77% |
| ROCE (Return on Capital Employed) | 15.92% |
| PAT Margin | 4.58% |
| Price to Book Value | 8.76 |
EPS & P/E Analysis
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 4.14 | 5.54 |
| P/E Ratio | 33.81 | 25.25 |
Use of IPO Proceeds
Scoda Tubes plans to utilize the ₹220 crores raised through the IPO for:
| S.No. | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Capacity Expansion – Capital expenditure for expanding production of seamless and welded tubes | 769.90 |
| 2 | Working Capital – Funding incremental working capital requirements | 1,100.00 |
| 3 | General Corporate Purposes | Balance Amount |
IPO Management Team
Lead Manager
Monarch Networth Capital Ltd serves as the book-running lead manager for the Scoda Tubes IPO.
Registrar
MUFG Intime India Private Limited (Link Intime) is handling the registration and allotment process.
Contact Details:
- Phone: +91-22-4918 6270
- Email: scodatubes.ipo@linkintime.co.in
Expert IPO Review & Recommendation
Analyst Opinion
According to market expert Dilip Davda, Scoda Tubes Limited operates in a growing market with increasing demand for stainless steel products. The company has demonstrated consistent growth in revenue and profitability, indicating positive business trends.
Investment Verdict: The issue appears fully priced based on current financial metrics. Well-informed investors may consider this for medium to long-term investment horizons.
Broker Recommendations
| Review Category | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 3 | 0 | 0 |
| Members | 0 | 0 | 0 |
How to Apply for Scoda Tubes IPO
Application Process
- Through ASBA: Use your bank’s ASBA facility
- Online Platforms: Apply via broker apps like Zerodha, Upstox, Angel Broking
- UPI Method: Use UPI for retail applications up to ₹2 lakhs
- Net Banking: Direct application through participating banks
Important Application Tips
- Bid at cut-off price (₹140) to maximize allotment chances
- Ensure sufficient funds in your account before applying
- Complete UPI mandate confirmation by 5 PM on May 30, 2025
- Keep PAN, Demat account details ready
Scoda Tubes IPO: Should You Invest?
Strengths
- ✅ Growing Market: Increasing demand for stainless steel products
- ✅ Export Presence: Strong international footprint across 16 countries
- ✅ Financial Growth: Consistent improvement in revenue and profitability
- ✅ Fresh Issue: All proceeds go to company growth
- ✅ Capacity Expansion: Clear roadmap for business expansion
Concerns
- ⚠️ Full Valuation: Issue appears fully priced at current levels
- ⚠️ Cyclical Industry: Steel sector prone to commodity price fluctuations
- ⚠️ High Dependence: Significant reliance on contractual workers (70% workforce)
Frequently Asked Questions (FAQs)
What is the Scoda Tubes IPO price band?
The Scoda Tubes IPO price band is set at ₹130-140 per share, with a face value of ₹10 per share.
When does Scoda Tubes IPO open and close?
Scoda Tubes IPO opens on May 28, 2025, and closes on May 30, 2025.
What is the minimum investment required in Scoda Tubes IPO?
The minimum investment required is ₹14,000 for retail investors (100 shares at ₹140 per share).
When is Scoda Tubes IPO listing date?
The tentative listing date for Scoda Tubes IPO is Wednesday, June 4, 2025, on BSE and NSE.
What is the lot size for Scoda Tubes IPO?
The lot size is 100 shares, and applications must be in multiples of 100 shares.
How can I apply for Scoda Tubes IPO?
You can apply through your broker’s platform, bank’s ASBA facility, or UPI method for retail applications.
What is the total issue size of Scoda Tubes IPO?
The total issue size is ₹220 crores, consisting entirely of fresh shares (1.57 crore shares).
Who are the promoters of Scoda Tubes Limited?
The promoters include Samarth Patel, Jagrutkumar Patel, Ravi Patel, Saurabh Patel, and Vipulkumar Patel.
What does Scoda Tubes Limited manufacture?
Scoda Tubes manufactures stainless steel seamless and welded tubes and pipes for various industries including oil & gas, chemicals, and pharmaceuticals.
Is Scoda Tubes IPO worth investing?
Based on expert analysis, the IPO appears fully priced. Investors with medium to long-term horizon and good market knowledge may consider investing after thorough research.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult with a qualified financial advisor before making investment decisions. IPO investments are subject to market risks.
