Scoda Tubes IPO – Review, Update
Update
Scoda Tubes Limited “Listing“
Scoda Tubes Limited made a good start on the stock market today.
Shares of pipes manufacturer “Scoda Tubes” were listed at INR 140 per share on the National Stock Exchange (NSE) against the issue price of INR 140, while the opening on the Bombay Stock Exchange (BSE) was at INR 140 too.
The total market cap of the company stood at INR 880.66 cr.
However, after the flat start, the shares hit the upper circuit (rising 5%) to hit INR 147 per share on the NSE.
At the end of the day, the stock of Scoda Tubes closed at INR 147 with a volume of 46,83,120 shares on the NSE.
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27 May 2025
Scoda Tubes Limited – a stainless-steel tubes and pipes manufacturer based in India is planning to raise INR 220 crore via IPO.
[Fresh Issue 220 crore + OFS NIL]
Scoda tubes ipo price is INR 130 – 140 per share
Scoda Tubes: History
The Company was incorporated as Scoda Tubes Limited under the provisions of the Companies Act, 1956 vide Certificate of incorporation dated November 10, 2008, and Certificate of Commencement issued by the RoC (Gujarat, Dadra and Nagar Haveli) on November 12, 2008.
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Scoda Tubes: Business
Since its inception in 2008, the company has been a leading name in stainless steel pipes and tube manufacturing.
It offers a wide range of high-quality stainless steel products including Austenitic, Martensitic, Duplex, and Super Duplex seamless pipes, tubes, and ‘U’ tubes – designed to deliver long-term performance across various industries.
The Company markets its steel products under the brand name “SCODA TUBES” reflecting its expertise and reliability in the industry.
The Company’s products are used by a diverse range of customers like –
- Engineering companies,
- EPC and industrial companies engaged in Oil and Gas,
- Chemicals,
- Fertilisers,
- Power,
- Pharmaceuticals,
- Automotive,
- Railways, and
- Transportation sectors
Manufacturing Plant
The Company currently has one manufacturing plant which is strategically located at the Ahmedabad-Mehsana Highway (Rajpur, Kadi, Mehsana, Gujarat)
Strategies Ahead
- Increase existing production capacity
- Geographic expansion of client base
- Strengthen the company’s brand value
Company Promoters
- Samarth Patel,
- Jagrutkumar Patel,
- Ravi Patel,
- Saurabh Patel, and
- Vipulkumar Patel
IPO Details
Ipo date = 28 May to 30 May 2025
Minimum Amount = INR 14,000
Minimum Bid = 100 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Managers
Monarch Networth Capital Limited
FINANCIALS
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Scoda Tubes IPO
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