Scoda Tubes IPO Allotment Status

Scoda Tubes Limited, incorporated in 2008, is a manufacturer of stainless-steel tubes and pipes. The Scoda Tubes IPO comes with a total issue size of ₹220.00 crore, comprising entirely a fresh issue of 1.57 crore shares. The IPO opened on May 28, 2025, and closed on May 30, 2025. The allotment date for the Scoda Tubes IPO is expected to be finalized on Monday, June 2, 2025.

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Steps to Check Scoda Tubes IPO Allotment Status on Registrar Site

• Visit MUFG Intime India Private Ltd website
• Select "Scoda Tubes IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Scoda Tubes IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Scoda Tubes IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Scoda Tubes IPO Subscription Status

Scoda Tubes IPO received overwhelming investor interest, being subscribed 57.37 times overall. Here is a category-wise breakdown of the subscription as of 5:09:40 PM on May 30, 2025:

• Retail Category: 20.89 times
• Qualified Institutional Buyers (QIB): 72.97 times
• Non-Institutional Investors (NII): 121.72 times

Utilization of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Capacity Expansion: Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes
• Working Capital: Funding the part incremental working capital requirements of the Company
• General Corporate Purposes: Supporting various business initiatives

Business Overview

The company's products are broadly categorized into seamless tubes/pipes and welded tubes/pipes, further divided into five product lines: stainless steel seamless pipes, seamless tubes, seamless "U" tubes, instrumentation tubes, and welded tubes and "U" tubes. The company markets its products under the brand name "Scoda Tubes Limited" and serves customers including engineering companies, EPC firms, and industrial companies across sectors such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation.

Scoda operates a manufacturing facility in Rajpur, Kadi, Mehsana, Gujarat, and has supplied products to 49 stockists across domestic and international markets, exporting to 16 countries including the United States, Germany, Netherlands, Italy, Spain and France, with a workforce of 496 employees (149 permanent and 347 contractual) as of August 31, 2024.