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Scoda Tubes IPO
57.37xsubscribed

Scoda Tubes IPO

Steel & Iron Products
listed
₹13,000Min. investment

Scoda Tubes Limited IPO Details

SectorSteel & Iron Products
Price range₹130 – ₹140
IPO type
Regular
Lot size100 shares
Issue size₹220Cr
Red Herring Prospectus
Read
Market cap
₹838.73CrLower than sector avg
RevenueApr 8 - Mar 9
₹399.86CrLower than sector avg
Growth rate3Y CAGR
27.26%

Scoda Tubes IPO Subscription Status

Date
QIB
NII
Retail
Total
28-May-25
1.51 times (X)
3.06 times (X)
2.27 times (X)
2.22 times (X)
29-May-25
2.08X
21.5X
6.94X
8.67X
30-May-25
74.85X
120.38X
20.38X
57.37X

As on 28-May-25, 5:30 PM

Scoda Tubes IPO Timeline

  1. Pre-apply
    27 May 2025
  2. Bid start
    28 May 2025
  3. Bid end
    30 May 2025
  4. Allotment
    2 Jun 2025
  5. Release of funds
    3 Jun 2025
  6. Demat transfer
    3 Jun 2025
  7. Listing
    4 Jun 2025

About Scoda Tubes Limited

Incorporated in 2008, Scoda Tubes Limited is one of the leading Indian manufacturers of stainless steel tubes and pipes with over 14 years of experience. It offers seamless and welded products across 5 categories, serving sectors like Oil & Gas, Chemicals, Fertilisers, Power, Pharmaceuticals, Automotive, Railways, and Transportation. To support its manufacturing capabilities, Scoda Tubes operates a hot piercing mill with an annual capacity of 20,000 MT for producing mother hollow, the key raw material for seamless products.
Scoda Tubes Limited’s manufacturing facility, located on the Ahmedabad-Mehsana Highway in Gujarat, is 360 km from Mundra Port and 23 km from an Inland Container Depot.
As of December 31, 2024, the facility has an annual capacity of 20,000 MT for mother hollow, 10,068 MT for seamless products, and 1,020 MT for welded products, with dedicated storage for raw materials and finished goods.
Since 2016, the company has increased its land holdings from 9,429 sq. mtrs. to 69,411 sq. mtrs., including a 21,199 sq. mtrs. operational facility. The additional land secured is designated for future expansion of both seamless and welded product lines.
The company caters to both domestic and international markets across sectors like Oil & Gas, Chemicals, Power, and Automotive. It works with 26 stockists, including exclusive partners in Maharashtra (India) and the U.S. and supplies to Europe through stockists in Italy, Germany, Austria, and Eastern Europe.
The company has delivered strong financial growth, with revenue from operations increasing from ₹194.03 crore in FY22 to ₹399.86 crore in FY24, registering a 3-year CAGR of 27.26%. For 9MFY25, revenue stood at ₹361.17 crore. EBITDA grew from ₹9.99 crore in FY22 to ₹58.79 crore in FY24, with margins improving from 5.15% to 14.70%. For 9MFY25, EBITDA was ₹60.63 crore, with a margin of 16.79%. (RHP Pg No. 192-194)
The domestic stainless-steel industry has shown strong growth, with demand rising at a CAGR of around 8% between FY22 and FY24. After a 12% dip in FY21 due to the pandemic, demand rebounded sharply by 27% in FY22, driven by a revival in consumer demand and increased government spending on infrastructure.

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Strength and Weakness

Diversified Customer Base across industries

The company caters to diverse industries—Oil & Gas, Chemicals, Fertilisers, Power, Pharmaceuticals, Automotive, Railways, and Transportation—across domestic and international markets. It operates through stockists, including exclusive partners in Maharashtra and the U.S. As of December 31, 2024, with over 232 active customers for FY25, the company benefits from strong revenue diversification and reduced sectoral and regional dependency.

Steady growth in export performance

In FY24, products were exported to 16 countries, with exports during 9MFY25 reaching 11 countries. Export revenues stood at ₹100.99 crores (27.96%), ₹83.22 crores (20.82%), ₹94.12 crores (30.84%), and ₹59.21 crores (30.52%) for the 9MFY25 and FY24, FY23, and FY22 respectively, highlighting strong global demand and a resilient revenue stream.

Strong Quality Control

A 14-member quality team ensures adherence to global standards through rigorous testing at all stages. In FY24, the rejection rates were low at 2.6% internally and 0.31% by customers, demonstrating the company’s commitment to high-quality products and enhancing its brand value.

Strategic Location and Fully Integrated Production

The company’s factory is well-located near Mundra Port and a container depot, helping save on transport costs. It has 18 seamless and 2 welded tube lines, plus its own hot piercing mill since May 2022. This setup cuts raw material costs, improves efficiency, and helps the company stay a leader in India’s stainless-steel tubes and pipes market.

Consistent Financial Growth

The company has shown steady growth in both revenue and profitability. Revenue from operations increased from ₹194.03 crore in FY22 to ₹399.86 crore in FY24, reflecting a CAGR of 27.26% over 3 years. PAT grew significantly from ₹1.64 crore in FY22 to ₹18.30 crore in FY24, with a CAGR of 123.64% during the same period.

Objectives of Scoda Tubes Limited IPO

Funding Working Capital Expenditure
50.00%
₹110.00 crore of the net proceeds will fund the company's increased working capital needs.
Funding Capital Expenditure
35.00%
₹76.99 crore allocated for expanding seamless and welded tube/pipe production.
General corporate purposes
Not assigned
Remaining net proceeds (up to 25% of gross proceeds) for general corporate needs.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹399.86Cr27.26%₹18.3Cr₹838.73Cr30.433.19
This sector (avg.)₹3,652.65Cr0%₹112.07Cr₹6,638.34Cr114.910.53
₹1,68,824Cr---₹3,491Cr₹2,96,623Cr39.881.50
₹2,18,542.51Cr---₹3,173.78Cr₹2,41,094.5Cr35.361.04
₹39,312.21Cr---₹2,499.72Cr₹67,753.99Cr23.050.38

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

Scoda Tubes IPO Contact Details

Company NameScoda Tubes Limited

How to apply for Scoda Tubes IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Scoda Tubes Limited IPO FAQs

Investors can apply for the Scoda Tubes IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Scoda Tubes IPO is 220 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Scoda Tubes IPO will be open between 2025-05-28 and 2025-05-30.
Scoda Tubes IPO allotment date is 2025-06-03. For Scoda Tubes IPO allotment status check, you can visit the website of the registrar of the IPO.
For Scoda Tubes IPO, the IPO registrar is MUFG INTIME INDIA PRIVATE LIMITED. You can check Scoda Tubes IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Scoda Tubes IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Scoda Tubes IPO lot size is 100 and minimum order quantity is 100.
Scoda Tubes IPO has set the price band for its IPO at 140 per equity share with a face value of 10.