Scoda Tubes IPO: Final Subscription Figures and Details
Key Highlights
On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a ₹ 220 crores Initial Public Offering (IPO). The issue closes today, May 30, 2025. The IPO is oversubscribed close to 7 times. The retail investors have applied for over 384 lakh shares against the 55 lakh shares reserved for the category.
Subscription Breakdown by Investor Category
Non-Institutional Investors (NIIs) have bid for about 513 lakh shares against a reserved quota of 23 lakh shares, translating to an impressive 21.22 times subscription. The Institutional investors have oversubscribed more than 2.08 times the reserved shares for the respective category. The reserved shares and applied shares are 31.42 lakh shares and 65.46 respectively.
IPO Structure and Investment Details
The IPO was entirely fresh issue, meaning that the company is issuing new shares to raise funds. As per the RHP, the company intends to use about 35% of the proceeds for capital expenditure, and over 50% to boost working capital. About 15% cap is for general corporate purposes.
How to Check Prostarm IPO Allotment Status Online
Check Allotment Status on NSE
The allotment status on NSE can be checked on this link.
BSE Allotment Status Verification
The allotment status on BSE can be checked on this link.
MUFG Intime Allotment Portal
Monarch Networth Capital Ltd is serving as the book-running lead manager for the Scoda Tubes IPO, with MUFG Intime India Private Limited (Link Intime) appointed as the registrar for the issue. Link.
Company Profile and Business Overview
Scoda Tubes caters to varied sectors like oil and gas, power, chemicals, and transportation. Strategically located near major ports, Scoda’s established client base includes engineering and EPC firms across domestic and international markets.
Financial Performance Highlights
Over the last three years, Scoda Tubes has demonstrated steady financial growth. From ₹156.06 crore in March 2022 to ₹238.26 crore in March 2023 and then to ₹330.42 crore in March 2024, its total assets grew. Additionally, revenue increased steadily, rising from 195.05 crore in FY22 to 307.79 crore in FY23 and 402.49 crore in FY24. The company’s increasing profitability was demonstrated by the profit after tax, which increased dramatically from ₹1.64 crore in FY22 to ₹10.34 crore in FY23 and nearly doubled to ₹18.3 crore in FY24.
Important Timeline and Listing Information
The IPO window ends today, May 30. The allotment of shares is scheduled to be finalised on 02 June 2025, with the listing date set for 04 June 2025.
