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Scoda Tubes IPO Opens on May 28: Key Things to Know

Roshani Ballal Posted on May 29, 2025

Scoda Tubes Limited, a manufacturer of stainless steel pipes and tubes, is set to launch its Initial Public Offering (IPO) on May 28, 2025. The issue will be open for subscription until May 30, and the shares will be listed on the NSE SME platform.

IPO Details

The company plans to raise ₹220 Crores through a fresh issue of over 1.57 Crore shares. The IPO is priced at ₹130-₹140 per share, and the minimum lot size for retail investors is 100 shares, translating to a minimum investment of ₹14,000 per lot required for retail investors at the upper price band.

Scoda Tubes’ IPO is being managed by Monarch Networth Capital Ltd., and MUFG Intime India Pvt. as the registrar for the IPO. The allotment of shares is expected to be finalised by June 2, with credit to demat accounts likely by June 3. The tentative listing date is June 4, 2025.

Disclaimer: The securities quoted are for illustration only and are not recommendatory.

Company Overview

Founded in 2008, Scoda Tubes is based in Gujarat and is primarily engaged in the manufacturing of stainless steel seamless and welded pipes and tubes. These products are widely used in industries such as oil & gas, chemicals, power, and construction.

The company owns and operates a production facility equipped with modern machinery and testing tools. With a focus on quality and export readiness, Scoda Tubes exports a portion of its products to international markets.

Financial Performance

In 2024, Scoda Tubes reported an increased revenue of ₹402.49 Crores and a net profit of ₹18.3 Crores (a 77% increase over the previous year). Investors may evaluate this data along with other fundamentals and risk disclosures from the red herring prospectus.

Conclusion

Scoda Tubes’ IPO offers access to the public equity markets through an SME listing in the steel pipe manufacturing sector. SME IPOs involve risks and opportunities that vary from company to company. Individuals are advised to assess the prospectus and seek guidance from certified financial advisors.

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Hi! I’m Roshani Ballal

Blogger

Roshani has over 6 years of experience and has honed her skills in performance content marketing in the financial domain. She loves diving into research and has crafted and overviewed creative copies, long-form financial content, engaging blogs, and informative articles. She specialises in delivering user-oriented content and solving problems through various content formats. On the side, Roshani enjoys writing poems-that's how she stays creative when she is not crunching numbers.