Scoda Tubes IPO Anchor Allocation at 30.00%

Scoda Tubes IPO received a strong anchor allocation response, with 30.00% of the total IPO size subscribed by anchor investors. Out of the 1,57,14,286 shares on offer, anchor investors were allocated 47,14,200 shares, demonstrating significant market confidence. The anchor allocation details were reported to the stock exchanges on May 27, 2025, just ahead of the IPO opening on May 28, 2025.

The book-built issue of ₹220.00 crores is entirely a fresh issue of 1,57,14,286 shares. The price band is set at ₹130 to ₹140 per share, with a face value of ₹10 per share. This includes a share premium of ₹130 per share at the upper end of the price band.

The anchor allocation process, which took place on May 27, 2025, saw robust participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹140 per share, highlighting strong demand and confidence in the company's growth potential.

After the anchor allocation, the overall allocation of the Scoda Tubes IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For the Scoda Tubes IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): July 4, 2025
• Lock-in Period (Remaining Shares): September 2, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, contributing to stock price stability post-listing.

Anchor Investors in Scoda Tubes IPO

Anchor investors, typically large institutional investors, are allotted shares in an IPO before it opens to the public. The anchor allocation process plays a pivotal role in price discovery and instilling confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and influences the overall subscription levels.

On May 27, 2025, Scoda Tubes' IPO completed the bidding for its anchor allocation. A total of 47,14,200 shares were allotted to anchor investors at the upper IPO price band of ₹140 per share, resulting in an overall anchor allocation of ₹66.00 crore. This represents 30.00% of the total issue size of ₹220.00 crore, indicating robust institutional demand.

Scoda Tubes IPO Key Details:

About Scoda Tubes IPO and How to Apply

Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes operating under the brand name "Scoda Tubes Limited." The company's products are broadly categorised into two types: seamless tubes/pipes and welded tubes/pipes, further divided into five product lines, including stainless steel seamless pipes, seamless tubes, seamless "U" tubes, instrumentation tubes, and welded tubes and "U" tubes.

Their customers include engineering companies, EPC (Engineering, Procurement, and Construction) firms, and industrial companies across sectors such as oil and gas, chemicals, fertilisers, power, pharmaceuticals, automotive, railways, and transportation. The company operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products, with their manufacturing facility located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat. In Fiscal 2024, Scoda supplied products to 49 stockists across domestic and international markets and exported to 16 countries, including the United States, Germany, the Netherlands, Italy, Spain, and France.

The company maintains a strong distribution network with an authorised stockist in Maharashtra handling domestic sales, a dedicated stockist exclusively distributing products in the United States, and products supplied through stockists in Italy, Germany, Austria, and Eastern European markets. As of August 31, 2024, the company employed 496 people, including 149 permanent employees and 347 contractual workers.