Scoda Tubes IPO

57.37x

subscribed

Scoda Tubes IPO

Steel & Iron Products
listed
₹13,000Min. investment
  1. Pre-apply
    27 May
  2. Bid start
    28 May
  3. Bid end
    30 May
  4. Allotment
    2 Jun
  5. Release of funds
    3 Jun
  6. Demat transfer
    3 Jun
  7. Listing
    4 Jun

About Scoda Tubes Limited

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 2024 - Mar 2025
₹399.86CrLower than sector avg
Growth rate3Y CAGR
27.26%

Scoda Tubes Limited IPO Overview

Scoda Tubes Limited IPO Date

Scoda Tubes Limited IPO will open for subscription on May 28, 2025, and the closing date for the IPO is May 30, 2025, according to the offer document filed by the company with SEBI. After this, investors are expected to be updated about the allotment status on Monday, June 2, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on June 3, 2025. The shares will be listed on the NSE and the BSE on Monday, June 4, 2025.

Scoda Tubes Limited IPO Price Band

The IPO includes a fresh issue of shares. The IPO price band has been set between ₹130 to ₹140 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue of ₹220.00 crore, comprising a wholly fresh issue of ₹220.00 crore.

The Scoda Tubes Limited IPO listing price will be determined on June 4, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Scoda Tubes Limited IPO Lot Size

The minimum lot size for an application is 100 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹220.00 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹399.86Cr
This sector
₹3,650.65Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹18.3Cr
This sector
₹110.15Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹838.73Cr
This sector
₹6,774.65Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
30.43
This sector
51.78
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
3.19
This sector
0.53
Compare with companies

Objectives

Funding Working Capital Expenditure
50.00%
Funding Capital Expenditure
35.00%
General corporate purposes
Not assigned

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.

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.

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

Latest News on IPO

news logo
Scoda Tubes, a Gujarat-based stainless-steel tubes and pipes manufacturer, has set a price band of Rs 130-140 per share for its Rs 220-crore IPO, opening on May 28 and closing on May 30. The fresh issue will fund production expansion, working capital, and corporate purposes. Shares will list on BSE and NSE by June 4.
news logo
Scoda Tubes IPO is a fresh issuance of 1.57 crore equity shares worth ₹220 crore, with no offer for sale (OFS) component. Proceeds will be used to expand the production capacity, working capital needs and corporate general purposes.

2 min read

news logo
Scoda Tubes IPO is exclusively a fresh issuance of equity shares worth ₹220 crore. There is no offer for sale (OFS) component.

2 min read

news logo
Scoda Tubes share price: The ₹220 crore initial public offer got subscribed 53.78 times due to strong participation from institutional investors. The initial share sale, which was solely a fresh issuance of 1.57 crore shares, had a price band of ₹130-₹140 per share.

2 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Scoda Tubes IPO ?

The issue size of the Scoda Tubes IPO is 220 Cr.

What is 'pre-apply' for Scoda Tubes IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Scoda Tubes IPO shares list on?

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.