Latest IPO in India: Scoda Tubes Ltd – Positive Growth Outlook with ₹220 Cr Issue
Scoda Tubes Ltd is set to launch its initial public offering (IPO) from May 28 to May 30, 2025. This IPO presents a significant opportunity for investors interested in the stainless steel manufacturing sector. The company aims to raise ₹220 crore through this public issue.
Company Overview
Founded in 2008, Scoda Tubes Ltd is a Gujarat-based manufacturer of stainless steel seamless and welded tubes and pipes. The company caters to industries such as oil and gas, chemicals, power, pharmaceuticals, and automotive. With a global presence and a reputation for quality, Scoda Tubes is a well-regarded name in the sector.
IPO Timeline
- Anchor Investor Bidding: May 27, 2025
- IPO Opening Date: May 28, 2025
- IPO Closing Date: May 30, 2025
- Basis of Allotment: June 2, 2025
- Initiation of Refunds: June 3, 2025
- Credit of Shares to Demat: June 3, 2025
- Listing Date: June 4, 2025
IPO Price Band
- Price Range: ₹130 to ₹140 per share
- Face Value: ₹10 per share
- Issue Type: Book Building
Lot Size
- Market Lot: 100 shares
- Minimum Investment: ₹14,000
Key Dates
- IPO Opening Date: May 28, 2025
- IPO Closing Date: May 30, 2025
- Listing Date: June 4, 2025
Financials
| Period Ended | Total Assets (₹ Cr) | Total Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Reserves and Surplus (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|---|
| 31-Dec-2024 | 428.49 | 363.48 | 24.91 | 143.55 | 99.35 | 202.16 |
| 31-Mar-2024 | 330.42 | 402.49 | 18.30 | 63.61 | 62.33 | 202.66 |
| 31-Mar-2023 | 238.26 | 307.79 | 10.34 | 45.31 | 44.03 | 139.31 |
| 31-Mar-2022 | 156.06 | 195.05 | 1.64 | 34.98 | 33.69 | 109.90 |
Strengths
- Diverse product portfolio for multiple industries
- Strong global market presence
- Backward integration via hot piercing mill
- Certified quality standards including ISO, PED, and DNV
Risks
- Raw material price volatility
- High customer concentration risk
- Competitive and fragmented market environment
IPO Anchor Investors Details
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investors | 47,14,286 | 30.00 |
| Qualified Institutional Buyers (QIBs) | 31,42,857 | 20.00 |
| Non-Institutional Investors (NIIs) | 23,57,143 | 15.00 |
| Retail Individual Investors (RIIs) | 55,00,000 | 35.00 |
| Total | 1,57,14,286 | 100.00 |
IPO Promoter Holding Details
| Shareholding Category | Pre-Issue (%) | Post-Issue (%) |
|---|---|---|
| Promoters | 100.00 | 72.00 |
| Public | 0.00 | 28.00 |
| Total | 100.00 | 100.00 |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) |
|---|---|
| May 25, 2025 | 0 |
Final Thoughts
Scoda Tubes Ltd’s IPO is a compelling proposition for investors seeking exposure to the stainless steel manufacturing sector. With strong financials, international clientele, and strategic manufacturing capabilities, the company holds promise. However, it is essential to weigh industry-specific risks before investing. As always, consult your financial advisor for personalized guidance.