Scoda Tubes IPO - Day 3 Subscription at 57.37 Times

Scoda Tubes initial public offering (IPO) has demonstrated exceptional investor demand through its three-day subscription period. The ₹220.00 crore IPO has witnessed remarkable momentum, with subscription rates opening at 2.24 times on day one, rising to 8.77 times on day two, and reaching an impressive 57.37 times by 5:09:40 PM on the final day, demonstrating overwhelming investor confidence in this manufacturer of stainless-steel tubes and pipes that specialises in producing seamless and welded tubes across five product lines, serving engineering companies, EPC firms, and industrial companies across oil and gas, chemicals, fertilisers, power, pharmaceuticals, automotive, railways, and transportation sectors.

Scoda Tubes IPO non-institutional investors segment leads with exceptional 121.72 times subscription, while retail investors show strong participation at 20.89 times and qualified institutional buyers at 72.97 times, reflecting extraordinary investor confidence in this company that operates a hot piercing mill for producing mother hollow and serves 49 stockists across domestic and international markets, exporting to 16 countries including the United States, Germany, Netherlands, Italy, Spain and France, with 496 employees as of August 2024.

Scoda Tubes IPO subscription reaching phenomenal 57.37 times on the final day, led by NII (121.72x), QIB (72.97x) and Retail (20.89x). Total applications reached 12,75,154.

Subscription Status of Scoda Tubes IPO:

Here are the subscription details for Scoda Tubes IPO as of Day 3 (May 30, 2025, 05:19:45 AM):

Key Highlights - Day 3:

• Overall subscription reaching a phenomenal 57.37 times, showing explosive growth from day two's 8.77 times
• NII segment leading with exceptional demand at 121.72 times, massive jump from day two's 21.78 times
• Retail investors demonstrating strong interest at 20.89 times, a significant increase from day two's 7.02 times
• QIB segment showing remarkable participation at 72.97 times, a dramatic surge from day two's 2.08 times
• Total applications reached 12,75,154, indicating massive investor participation
• The cumulative bid amount reached ₹8,835.75 crores
• Final day demonstrating extraordinary confidence in the stainless-steel manufacturing sector
• All investor categories showing massive oversubscription, reflecting unprecedented retail, NII and institutional interest
• Strong across-the-board participation reflects confidence in the specialised steel tubes business model

Scoda Tubes IPO - Day 2 Subscription at 8.77 Times

Key Highlights - Day 2:

• Overall subscription rising to 8.77 times, showing significant growth from day one's 2.24 times
• NII segment showing strong acceleration at 21.78 times, a substantial jump from day one's 3.09 times
• Retail investors showing increased interest at 7.02 times, up from day one's 2.29 times
• QIB segment showing improved participation at 2.08 times, up from day one's 1.51 times
• Second day momentum indicates growing investor confidence in the steel manufacturing sector
• Specialised stainless-steel products are attracting significant investor attention
• Strong second-day performance, setting the foundation for final-day acceleration

Scoda Tubes IPO - Day 1 Subscription at 2.24 Times

Key Highlights - Day 1:

• Overall subscription opening at 2.24 times, showing strong initial investor interest
• NII segment showing early enthusiasm at 3.09 times, indicating strong high-net-worth investor confidence
• Retail investors began at 2.29 times, reflecting solid individual investor participation
• QIB segment showing good initial participation at 1.51 times on day one
• Opening day demonstrates strong investor engagement across all categories
• Initial momentum reflecting a positive assessment of the stainless-steel manufacturing sector opportunity
• Specialised tube manufacturing expertise draws strong initial investor attention
• Strong first-day foundation, setting the stage for subsequent explosive growth

About Scoda Tubes IPO

Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes. The company's products are broadly categorised into two types: 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 operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products. Their manufacturing facility is located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat. The company markets its products under the brand name "Scoda Tubes Limited."

Financial performance shows strong growth with revenue increasing from ₹195.05 crores in FY2022 to ₹402.49 crores in FY2024, while profit after tax rose from ₹1.64 crores to ₹18.30 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹363.48 crores with PAT of ₹24.91 crores. The company maintains strong profitability metrics with 28.77% ROE, 15.92% ROCE, and 28.77% RONW.

Highlights of the Scoda Tubes IPO:

• IPO type: Book Building IPO
• IPO size: ₹220.00 crores
• Fresh Issue: 1.57 crore shares
• Face value: ₹10 per share
• Issue price band: ₹130 to ₹140 per share
• Lot size: 100 shares
• Minimum investment for retail investors: ₹14,000
• Minimum investment for sNII: ₹2,10,000 (15 lots)
• Minimum investment for bNII: ₹10,08,000 (72 lots)
• Listing at: BSE, NSE
• IPO opens: May 28, 2025
• IPO closes: May 30, 2025
• Allotment date: June 2, 2025
• Listing date: June 4, 2025