SCODA TUBES LIMITED IPO is fully book build issue and total IPO size is ₹220.00 crores. The entire share offering is a fresh issue worth ₹1.57 crores.
The dates for the SCODA TUBES LIMITED IPO have not been announced yet.
The allotment process is expected to be finalized by June 2, 2025. The SCODA TUBES LIMITED IPO is scheduled to list on BSE, NSE, with a tentative listing date of June 4, 2025.
The price band for the SCODA TUBES LIMITED IPO has not been announced yet.
Registrar for this IPO is LINK INTIME INDIA PRIV ATE LIMITED and lead managers for SCODA TUBES LIMITED IPO are MONARCH NETWORTH CAPITAL LIMITED.
IPO Schedule
| IPO Open Date | Wednesday, 28 May, 2025 |
|---|---|
| IPO Close Date | Friday, 30 May, 2025 |
| IPO Allotment Date | Monday, 02 Jun, 2025 |
| Refund Initiation | Tuesday, 03 Jun, 2025 |
| Share credit in Demat | Tuesday, 03 Jun, 2025 |
| Listing Date | Wednesday, 04 Jun, 2025 |
Key Details
| Price Band | ₹130 to ₹140 Per Share |
|---|---|
| Lot Size | 100 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹220.00 Crores |
| Fresh Issue | ₹220.00 Crores |
| Issue Type | IPO |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | 14,000 |
| Retail (Max) | 14 | 1400 | 196,000 |
| S-HNI (Min) | 15 | 1500 | 210,000 |
| S-HNI (Max) | 71 | 7100 | 994,000 |
About Scoda Tubes Limited Company
Scoda Tubes Limited is a leading Indian manufacturer specializing in stainless steel seamless and welded tubes and pipes, marketed under the "Scoda Tubes Limited" brand. Serving diverse sectors like Oil & Gas, Chemicals, Pharmaceuticals, and Automotive, the company boasts a wide customer base both domestically and internationally.
With over 14 years of experience, Scoda Tubes prides itself on international quality standards, holding certifications like ISO 9001:2015, 14001:2015, and 45001:2018. The company’s manufacturing facility in Gujarat has an installed capacity of 20,000 MT per annum of mother hollow, 10,068 MT per annum of seamless products and 1,020 MT per annum of welded products. A key strength is backward integration through its hot piercing mill, enabling cost control and reduced supplier dependence.
The company's revenue from operations has shown consistent growth, reaching ₹399.86 crore in fiscal 2024. Exports account for over 20% of revenue, with a presence in 16 countries. Strong financials are reflected in improved operating and net margins, and the company has a dedicated quality control team ensuring adherence to stringent standards.
Scoda Tubes Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 428.49 | 330.42 | 238.26 | 156.06 |
| Revenue | 363.48 | 399.86 | 305.13 | 194.03 |
| Profit After Tax | 24.91 | 18.30 | 10.34 | 1.64 |
| 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 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 4.60 | 28.77% | 15.99 | 28.77% | 15.92% |
Offer Objectives
The company plans to utilize the net proceeds from its IPO, estimated to be ₹275 crore, for capital expenditure, incremental working capital, and general corporate purposes.
Capital Expenditure: ₹104.984 million (₹10.5 crore) is allocated to expand seamless and welded tubes and pipes production. This includes ₹55.441 million (₹5.54 crore) for seamless tubes and pipes and ₹44.509 million (₹4.45 crore) for welded tubes and pipes. The expansion will occur at existing and new manufacturing facilities, with civil work, structural development, and equipment costs factored in.
Working Capital: ₹110 crore is designated for funding incremental working capital needs.
General Corporate Purposes: The remaining net proceeds will be used for general corporate activities, ensuring this allocation does not exceed 25% of gross proceeds, adhering to SEBI regulations.
The implementation of these plans is scheduled across Fiscal Years 2025, 2026, and 2027, with specific amounts allocated to each category in each fiscal year.
The Board has considered the Project Cost Vetting Report, with project costs not appraised by any external financial institution. Funding will be exclusively from Net Proceeds. Expansions are motivated by anti-dumping measures on imported steel tubes.
Company Details
Address:
Survey No. 1566/1, Village Rajpur, Kadi, Mehsana, Ahmedabad 382740, Gujarat
Phone: 027 64278278
Email: [email protected]
Website: http://www.scodatubes.com
IPO Registrar Details
LINK INTIME INDIA PRIV ATE LIMITED
Phone: + 91 81 0811 4949
Email: [email protected]
Website: http://www.linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- MONARCH NETWORTH CAPITAL LIMITED
