{"id":415577,"date":"2025-05-30T15:00:52","date_gmt":"2025-05-30T09:30:52","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=415577"},"modified":"2025-05-30T16:20:01","modified_gmt":"2025-05-30T10:50:01","slug":"scoda-tubes-ipo-final-subscription-figures-and-details","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details","title":{"rendered":"Scoda Tubes IPO: Final Subscription Figures and Details"},"content":{"rendered":"<h2>Key Highlights<\/h2>\n<p>On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 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.<\/p>\n<h2>Subscription Breakdown by Investor Category<\/h2>\n<p>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.<\/p>\n<h2>IPO Structure and Investment Details<\/h2>\n<p>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.<\/p>\n<h2>How to Check Prostarm IPO Allotment Status Online<\/h2>\n<h3>Check Allotment Status on NSE<\/h3>\n<p>The allotment status on NSE can be checked on this <a href=\"https:\/\/www.nseindia.com\/market-data\/issue-information?symbol=PROSTARM&amp;series=EQ&amp;type=Active\" target=\"_blank\" rel=\"noopener\">link<\/a>.<\/p>\n<h3>BSE Allotment Status Verification<\/h3>\n<p>The allotment status on BSE can be checked on this <a href=\"https:\/\/www.bseindia.com\/markets\/publicIssues\/BSEDemandSchedule_new.aspx?Scripcode=7087&amp;status=L\" target=\"_blank\" rel=\"noopener\">link<\/a>.<\/p>\n<h3>MUFG Intime Allotment Portal<\/h3>\n<p>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. <a href=\"https:\/\/in.mpms.mufg.com\/Initial_Offer\/public-issues.html\" target=\"_blank\" rel=\"noopener\">Link<\/a>.<\/p>\n<h2>Company Profile and Business Overview<\/h2>\n<p>Scoda Tubes caters to varied sectors like oil and gas, power, chemicals, and transportation. Strategically located near major ports, Scoda\u2019s established client base includes engineering and EPC firms across domestic and international markets.<\/p>\n<h2>Financial Performance Highlights<\/h2>\n<p>Over the last three years, Scoda Tubes has demonstrated steady financial growth. From \u20b9156.06 crore in March 2022 to \u20b9238.26 crore in March 2023 and then to \u20b9330.42 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&#8217;s increasing profitability was demonstrated by the profit after tax, which increased dramatically from \u20b91.64 crore in FY22 to \u20b910.34 crore in FY23 and nearly doubled to \u20b918.3 crore in FY24.<\/p>\n<h2>Important Timeline and Listing Information<\/h2>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 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 [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":415594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152],"tags":[755,276],"class_list":["post-415577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ipo","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scoda Tubes IPO: Final Subscription Figures and Details &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 220 crores Initial Public\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scoda Tubes IPO: Final Subscription Figures and Details\" \/>\n<meta property=\"og:description\" content=\"Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 220 crores Initial Public\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-30T09:30:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-30T10:50:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details\",\"url\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details\",\"name\":\"Scoda Tubes IPO: Final Subscription Figures and Details &#8211; Z-Connect by Zerodha\",\"isPartOf\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#primaryimage\"},\"image\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#primaryimage\"},\"thumbnailUrl\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\",\"datePublished\":\"2025-05-30T09:30:52+00:00\",\"dateModified\":\"2025-05-30T10:50:01+00:00\",\"author\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210\"},\"description\":\"Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 220 crores Initial Public\",\"breadcrumb\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#primaryimage\",\"url\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\",\"contentUrl\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\",\"width\":700,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/zerodha.com\/z-connect\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/zerodha.com\/z-connect\/category\/news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Scoda Tubes IPO: Final Subscription Figures and Details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#website\",\"url\":\"https:\/\/zerodha.com\/z-connect\/\",\"name\":\"Zerodha product and business updates\",\"description\":\"Z-Connect is Zerodha&#039;s official blog. Get the latest updates, product announcements news, and insights all in one place.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/zerodha.com\/z-connect\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210\",\"name\":\"Team Zerodha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g\",\"caption\":\"Team Zerodha\"},\"description\":\"Simple and secure, no nonsense investing and trading.\",\"sameAs\":[\"https:\/\/facebook.com\/zerodha.social\",\"https:\/\/x.com\/zerodhaonline\"],\"url\":\"https:\/\/zerodha.com\/z-connect\/author\/team-zerodha\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Scoda Tubes IPO: Final Subscription Figures and Details &#8211; Z-Connect by Zerodha","description":"Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 220 crores Initial Public","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details","og_locale":"en_US","og_type":"article","og_title":"Scoda Tubes IPO: Final Subscription Figures and Details","og_description":"Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 220 crores Initial Public","og_url":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details","og_site_name":"Z-Connect by Zerodha","article_publisher":"https:\/\/www.facebook.com\/zerodha.social","article_author":"https:\/\/facebook.com\/zerodha.social","article_published_time":"2025-05-30T09:30:52+00:00","article_modified_time":"2025-05-30T10:50:01+00:00","og_image":[{"width":700,"height":400,"url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png","type":"image\/png"}],"author":"Team Zerodha","twitter_card":"summary_large_image","twitter_creator":"@zerodhaonline","twitter_site":"@zerodhaonline","twitter_misc":{"Written by":"Team Zerodha","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details","url":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details","name":"Scoda Tubes IPO: Final Subscription Figures and Details &#8211; Z-Connect by Zerodha","isPartOf":{"@id":"https:\/\/zerodha.com\/z-connect\/#website"},"primaryImageOfPage":{"@id":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#primaryimage"},"image":{"@id":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#primaryimage"},"thumbnailUrl":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png","datePublished":"2025-05-30T09:30:52+00:00","dateModified":"2025-05-30T10:50:01+00:00","author":{"@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210"},"description":"Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a \u20b9 220 crores Initial Public","breadcrumb":{"@id":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#primaryimage","url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png","contentUrl":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png","width":700,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/zerodha.com\/z-connect\/news\/scoda-tubes-ipo-final-subscription-figures-and-details#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/zerodha.com\/z-connect\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/zerodha.com\/z-connect\/category\/news"},{"@type":"ListItem","position":3,"name":"Scoda Tubes IPO: Final Subscription Figures and Details"}]},{"@type":"WebSite","@id":"https:\/\/zerodha.com\/z-connect\/#website","url":"https:\/\/zerodha.com\/z-connect\/","name":"Zerodha product and business updates","description":"Z-Connect is Zerodha&#039;s official blog. Get the latest updates, product announcements news, and insights all in one place.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/zerodha.com\/z-connect\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210","name":"Team Zerodha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g","caption":"Team Zerodha"},"description":"Simple and secure, no nonsense investing and trading.","sameAs":["https:\/\/facebook.com\/zerodha.social","https:\/\/x.com\/zerodhaonline"],"url":"https:\/\/zerodha.com\/z-connect\/author\/team-zerodha"}]}},"jetpack_featured_media_url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/415577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/users\/176551"}],"replies":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/comments?post=415577"}],"version-history":[{"count":3,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/415577\/revisions"}],"predecessor-version":[{"id":415595,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/415577\/revisions\/415595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/media\/415594"}],"wp:attachment":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/media?parent=415577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/categories?post=415577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/tags?post=415577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}