Scoda Tubes IPO: Check IPO Date, Live Subscription and Key Details
Scoda Tubes Limited, founded in 2008, manufactures stainless steel tubes and pipes. Their products include seamless and welded tubes/pipes, with five main types: seamless pipes, seamless tubes, seamless U tubes, instrumentation tubes, and welded tubes/U tubes. They sell under the brand name Scoda Tubes Limited and serve clients in industries such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation.
Min Investment
₹14000
Price Range
₹130.00-140.00
Issue Size
₹220.00 Cr
IPO Type
Mainboard
Key Metrics
Check Live GMP
Face Value
₹10
EPS
5.54
P/E Ratio
25.25
RoNW
28.77%
ROE
28.77%
Timeline
IPO Opens
28 May
IPO Closes
30 May
Allotment
2 Jun
Listing
4 Jun
IPO Objectives
- Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes.
- Funding the part incremental working capital requirements of the Company
- General corporate purposes.
Strengths
- Strong revenue and PAT growth in FY24 show solid financial momentum and operational efficiency.
- Strategic location in Gujarat, along with backward integration and export presence, supports long-term scalability.
- Favorable government policies and growing global demand benefit stainless steel tube manufacturers in India.
- IPO proceeds will enhance production capacity and strengthen working capital for future growth.
Weaknesses
- Market growth projections at moderate 6.43% CAGR might limit aggressive expansion.
- Heavy reliance on cyclical sectors like oil & gas and construction could cause demand fluctuations.
- Intense competition from domestic and international players may pressure margins.
- Capacity expansion plans could face execution risks and cost overruns.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 428.49 | 330.42 | 238.26 | 156.06 |
| Revenue (₹ Cr.) | 363.48 | 402.49 | 307.79 | 195.05 |
| PAT (₹ Cr.) | 24.91 | 18.3 | 10.34 | 1.64 |
| Net Worth (₹ Cr.) | 143.55 | 63.61 | 45.31 | 34.98 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Scoda Tubes Limited | 8.76 | 25.25 | 28.77 | 143.55 |
| Ratnamani Metals & Tubes | 6.35 | 31.93 | 19.9 | 3216 |
| Venus Pipes & Tubes Ltd | 6.51 | 30.77 | 21.17 | 406 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.51x | 2.08x | 72.97x |
| NII | 3.09x | 21.78x | 111.87x |
| S-HNI | 3.61x | 21.54x | 94.34x |
| B-HNI | 2.83x | 21.89x | 135.31x |
| RII | 2.29x | 7.02x | 20.65x |
| Total | 2.24x | 8.77x | 55.14x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 31,42,943 | 22,93,30,500 | 3,210.63 |
| NII | 23,57,143 | 26,36,89,100 | 3,691.65 |
| Small NII | 7,85,714 | 7,41,21,500 | 1,037.70 |
| Big NII | 15,71,429 | 21,26,34,400 | 2,976.88 |
| RII | 55,00,000 | 11,35,59,300 | 1,589.83 |
| Total | 1,10,00,086 | 60,65,78,900 | 8,492.10 |
Company Details
- Survey No. 1566/1, Village Rajpur, Kadi, Mehsana, Ahmedabad - 382740
- 027 64278278
- cs@scodatubes.com
- https://www.scodatubes.com/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- scodatubes.ipo@linkintime.co.in
- https://in.mpms.mufg.com/Initial_Offer/public-issues.html