Scoda Tubes IPO
Scoda Tubes IPO — date, price band, lot size & details 2025
Scoda Tubes listed on 4 Jun 2025 at ₹140, flat to the ₹140 issue price.
Scoda Tubes makes stainless steel seamless and welded tubes and pipes at Mehsana in Gujarat. In FY2024 it supplied 49 stockists and exported to 16 countries.
Stock price
Scoda Tubes is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 28 May 2025
- Close 30 May 2025
- Allotment 02 Jun 2025
- Refund/credit 03 Jun 2025
- Listing 04 Jun 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 30 May, 2025 |
|---|---|
| Price Band | ₹130 – ₹140 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹220 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹140 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹14,000 |
| Retail (max) | 14 | 1,400 | ₹1,96,000 |
| S-HNI (min) | 15 | 1,500 | ₹2,10,000 |
| S-HNI (max) | 71 | 7,100 | ₹9,94,000 |
| B-HNI (min) | 72 | 7,200 | ₹10,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 195.05 crore in FY2022 to Rs 402.49 crore in FY2024.
- 02Profit after tax rose from Rs 1.64 crore in FY2022 to Rs 18.30 crore in FY2024.
- 03Profit after tax was Rs 24.91 crore in the nine months to 31 December 2024, above the full FY2024 figure.
- 04Rs 76.99 crore of the fresh issue was for expanding seamless tube capacity.
- 05Exports reached 16 countries in FY2024.
Risks · 7
- 01Total borrowing of Rs 202.16 crore on 31 December 2024 was higher than net worth of Rs 143.55 crore.
- 02The PAT margin was low at 4.58%, as per the figures at the source.
- 03The P/E was 25.25 at the upper band of Rs 140, based on post-issue EPS of Rs 5.54.
- 04Rs 110.00 crore of the Rs 220 crore issue was for working capital, so the business needs a lot of cash to run.
- 05Return on equity of 28.77% was far above return on capital employed of 15.92%, which reflects the high debt.
- 06All 5 product lines come from a single manufacturing location in Mehsana, Gujarat.
- 07Promoter holding fell from 90.04% before the issue to 66.43% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Scoda Tubes offer document.
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 428.49 | 330.42 | 238.26 | 156.06 |
| Total Income | 363.48 | 402.49 | 307.79 | 195.05 |
| Profit After Tax | 24.91 | 18.30 | 10.34 | 1.64 |
| EBITDA | 60.63 | 58.79 | 34.78 | 9.99 |
| NET Worth | 143.55 | 63.61 | 45.31 | 34.98 |
| Reserves and Surplus | 99.35 | 62.33 | 44.03 | 33.69 |
| Total Borrowing | 202.16 | 202.66 | 139.31 | 109.90 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Scoda Tubes RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Scoda Tubes IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.14 | ₹5.54 |
| P/E Ratio (x) | 33.81 | 25.25 |
| Market Cap at Offer Price (₹ Cr) | ₹842.37 | ₹629.49 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹140 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹221.87 Cr of the issue is earmarked to named objects.
Scoda Tubes IPO Anchor Investors
6 anchor investors across 6 fund houses committed ₹66.00 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Malabar India Fund Ltd. | Malabar | 2,142,800 | 30.00 | 45.45% |
| Mncl Capital Compounder Fund | Mncl Capital Compounder | 1,142,600 | 16.00 | 24.24% |
| Aarth AIF Growth Fund | Aarth | 357,200 | 5.00 | 7.58% |
| Imap India Capital Investment Trust-Catalyst New India Fund | Imap India | 357,200 | 5.00 | 7.58% |
| Chhattisgarh Investments Ltd. | Chhattisgarh Investments | 357,200 | 5.00 | 7.58% |
| Swyom India Alpha Fund | Swyom | 357,200 | 5.00 | 7.58% |
| Total anchor allocation | 66.00 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The plant is on the Ahmedabad-Mehsana Highway at Rajpur, Kadi, in Mehsana district of Gujarat. It includes a hot piercing mill that produces mother hollow, the main input for seamless products.
Customers include engineering companies, EPC firms and industrial users in oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive and railways. In FY2024 the company supplied 49 stockists and exported to 16 countries.
The IPO was a fresh issue of Rs 220 crore. Rs 110.00 crore was planned for working capital and Rs 76.99 crore for expanding seamless capacity.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Scoda Tubes IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Monarch Networth Capital Ltd
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +18.7%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Scoda Tubes?
The current Grey Market Premium is ₹19, or 14% over the issue price.
What is the Scoda Tubes IPO price band?
₹130 to ₹140, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 June 2025, with listing on 4 June 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
