Scoda Tubes IPO Price: ₹130 to ₹140 per share
IPO Dates: 28th May 2025 – 30th May 2025
Company Overview
Scoda Tubes Limited, incorporated on November 10, 2008, is an established manufacturer of stainless-steel tubes and pipes in India with over 14 years of experience. The company has built a strong reputation in the industry by consistently delivering high-quality products and maintaining a strong presence in both domestic and international markets.
Product Range
Scoda offers a wide range of stainless-steel tubes and pipes, broadly classified into two main categories: seamless and welded. These products are further segmented into five key lines — stainless steel seamless pipes, seamless tubes, seamless “U” tubes, instrumentation tubes, and welded tubes. These offerings are commonly referred to as “Stainless Steel Products” and are marketed under the brand name “Scoda Tubes Limited.”
Applications and Client Segments
The demand for Scoda’s products typically arises from three broad segments: new projects, repair and maintenance, and replacement needs. The company’s products are used across various industries including oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation. Its customer base includes a mix of engineering firms, EPC contractors, and industrial companies.
Manufacturing and Operations
Scoda operates a strategically located manufacturing facility at Kadi, Mehsana in Gujarat, just about 200 kilometres from Mundra Port. The plant houses 21 production lines, which include 18 for seamless tubes and pipes, 2 for welded tubes and pipes, and 1 dedicated line for hot piercing.
The company also operates a hot piercing mill used to produce mother hollow—the primary raw material for its seamless products. This mill currently has an annual production capacity of 20,000 metric tonnes per annum (MTPA), supporting the company’s integrated manufacturing process.
Approvals and Market Presence
Scoda has secured product approvals from several prestigious organizations including Laxmi Organic Industries Ltd, GNFC, Krishak Bharati Co-op Ltd, Triveni Turbine, HPCL, and BHEL. Additionally, it supplies to key public sector clients such as the Western, Central, Eastern, and Northeastern Railways, Modern Coach Factory, Rail Coach Factory, and the Department of Atomic Energy. On the global front, Scoda exported its products to over 16 countries in FY 2024, underlining its growing international footprint.
Competitive Strengths
- Scoda Tubes specializes exclusively in stainless-steel tubes and pipes, allowing it to deliver highly focused and reliable solutions to its clients.
- The company holds international accreditations and multiple product approvals, enhancing its credibility in both domestic and global markets.
- Its customer base is well-diversified across industries and geographies, reducing dependence on any single sector or region.
- Scoda maintains strict quality control standards throughout its manufacturing process, ensuring consistent product performance.
- The manufacturing facility is strategically located near Mundra Port and is fully integrated, with in-house production of mother hollows through its hot piercing mill.
- The company is supported by an experienced and qualified management and technical team, which has contributed significantly to its operational efficiency.
- Scoda has demonstrated consistent financial performance over the years, reflecting its stable business model and strong market position.
Bidding Starts In
Scoda Tubes IPO Specifics:
| IPO Date | May 28, 2025 to May 30, 2025 |
| Listing Date | Wednesday, June 4, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹140 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 1,57,14,286 shares (aggregating up to ₹220.00 Cr) |
| Fresh Issue | 1,57,14,286 shares (aggregating up to ₹220.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,41,94,700 shares |
Scoda Tubes IPO Timetable (Important Dates)
| IPO Open Date | Wednesday, May 28, 2025 |
| IPO Close Date | Friday, May 30 2025 |
| Basis of Allotment | Monday, June 2 2025 |
| Initiation of Refunds | Tuesday, June 3, 2025 |
| Credit of Shares to Demat | Tuesday, June 3, 2025 |
| Listing Date | Wednesday, June 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 30, 2025 |
Scoda Tubes IPO Lot Size
Bidders have the opportunity to bid for a minimum of 100 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Scoda Tubes IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Scoda Tubes Limited IPO Financial Information
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Dec 2024 |
|---|---|---|---|---|
| Assets | 156.06 | 238.26 | 330.42 | 428.49 |
| Revenue | 195.05 | 307.79 | 402.49 | 363.48 |
| Profit After Tax | 1.64 | 10.34 | 18.30 | 24.91 |
| Net Worth | 34.98 | 45.31 | 63.61 | 143.55 |
| Reserves and Surplus | 33.69 | 44.03 | 62.33 | 99.35 |
| Total Borrowing | 109.90 | 139.31 | 202.66 | 202.16 |
Key Performance Indicator – Scoda Tubes IPO
| KPI | Values |
|---|---|
| Market Cap | ₹838.73 Cr |
| EPS | ₹4.14 |
| P/E (x) | 33.81 |
| ROE | 28.77% |
| ROCE | 15.92% |
| PAT Margin | 4.58 |
| RoNW | 28.77% |
Objects of the Issue:
Scoda Tubes plans to utilize the net proceeds from its IPO for the following purposes:
- Capital expenditure to enhance the production capacity of seamless and welded tubes and pipes.
- Partial funding of the company’s additional working capital needs.
- General corporate purposes.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
