Scoda Tubes IPO Closed
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Schedule of Scoda Tubes
| Issue open date | 28 May 2025 |
| Issue close date | 30 May 2025 |
| UPI mandate deadline | 30 May 2025 (5 PM) |
| Allotment finalization | 02 Jun 2025 |
| Refund initiation | 03 Jun 2025 |
| Share credit | 03 Jun 2025 |
| Listing date | 04 Jun 2025 |
| Mandate end date | 14 Jun 2025 |
| Lock-in end date for anchor investors (50%) | 02 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 31 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Scoda Tubes
Incorporated in 2008, Scoda Tubes is an Indian manufacturer of stainless-steel seamless and welded tubes and pipes, catering to sectors such as oil and gas, power, chemicals, and transportation. The company’s five product lines are marketed under its own brand and are backed by in-house manufacturing capabilities, including a hot piercing mill with backward integration. Scoda exports to 16 countries and serves 49 stockists globally, with certifications including ISO 9001:2015, PED 2014/68/EU, and DNV. Strategically located near major ports, Scoda’s established client base includes engineering and EPC firms across domestic and international markets.
Financials of Scoda Tubes
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹220 crores |
| Fresh issue | ₹220 crores |
The utilisation of proceeds:
| Purpose | INR crores (%) |
| Capital expenditure |
76.9 (35%) |
| Working capital requirements | 110 (50%) |
| General corporate purposes | 33 (15%) |
Strengths
- Specialised focus on value-added stainless-steel long products
- Strong global accreditations and industry certifications
- Well-diversified international customer portfolio
- Strategically located integrated manufacturing facility
- Robust quality control with minimal rejection rates
- Steady financial growth with ongoing capacity expansion
Risks
- Dependence on limited stockist network for sales and distribution
- Risk of termination or underperformance by exclusive stockists
- Exposure to recall of unsecured loans by lenders at any time
- Potential cash flow strain due to sudden loan repayments
- Reliance on third-party logistics for product and raw material transport
- Adverse impact from logistics delays or rising transportation costs
- Vulnerability to theft, accidents, or loss of goods in transit
Subscription Figures for Scoda Tubes
Subscription numbers as of 5:00 PM on 30 May 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 31.42 | 2293.30 | 72.97x |
| NII | 23.57 | 2869.16 | 121.72x |
| Retail | 55.00 | 1148.76 | 20.89x |
| Total | 110.00 | 6311.23 | 57.37x |