Scoda Tubes IPO: Price, Allotment, Size, And GMP

Scoda Tubes IPO - Complete Overview 

Scoda Tubes IPO, a Mainboard IPO, is a book-built issue of Rs. 220 Cr (1.57 Cr Shares) by Scoda Tubes Limited, which was incorporated in 2008 and deals in stainless steel tubes and pipes.

The products of the company are separated broadly into two forms: seamless tubes/pipes and welded tubes/pipes. These are divided into separate product lines of which are further subdivided into five.

1. Stainless steel seamless pipe

2. Stainless steel seamless tubes

3. Stainless steel seamless U Tubes

4. Stainless steel instrumentation tubes

5. SS welded tubes and ‘U’ Tubes
   
   

Scoda Tubes Ltd. is the brand under which the company markets its products to customers.

 

Customers - Engineering Companies, EPCs ( a combination of engineering, procurement, and construction) in sectors that are among oil and gas [chemicals, fertilizer, superpowerpharmaceuticals, automobile, locomotive, and transport.

Industries and Manufacturing :

• The operation of a soft piercing mill for mother hollow production is the main raw material for the products.

• Manufacturing Facility: HQ Location on Ahmedabad-Mehsana Highway in Rajpur Kadi, Mehsana-Gujarat

FY24 Market presence

• Delivered goods to 49 stockists in Domestic and international markets.

• Exported to 16 countries: The US, Germany, the Netherlands, Italy, Spain, and France.

Distribution Network

• India: Maharashtra (Authorised Stockist)

• United States: Products are vend out exclusively by the US-enabled stockist.

• Europe: Products are served through stockists in Germany, Austria, and Eastern European markets.
  
  

This new IPO is to be launched on 28 May 2025, and its ‘initial public offering’ will end on 30 May 2025.

 

 

Scoda Tubes IPO Details

This Mainline IPO comprises a wholly fresh issue of 1,57,14,286 Shares (Rs. 220 Cr). The Scoda Tubes IPO listing date is 04 June 2025. The Scoda Tubes IPO price is between Rs. 130 to Rs. 140 for each Share.

If you want to apply for the IPO, click to open a Demat Account.

Company Financial

(Amount in Cr)

Period	31 Dec 2024	31 Mar 2024	31 Mar 2023
Total Assets	428.49	330.42	238.26
Total Revenue	363.48	402.49	307.79
PAT	24.91	18.30	10.34
Net Worth	143.55	63.61	45.31
Reserves & Surplus	99.35	62.33	44.03
Borrowings	202.16	202.66	139.31

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in million)

Net Cash Flow In Multiple Activities	31 Dec 2024 (Nine Months)	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	54.23	22.64	203.46
Net Cash Flow Investing Activities	(426.38)	(465.76)	(385.23)
Net Cash Flow Financing Activities	382.98	442.65	179.36

 

Revenue from operations Bifurcation

 

Products-wise Revenue Bifurcation

(Source RHP)

 

The Objective of the Issue

• Investment to increase the capacity for producing seamless and welded pipes and tubes.

• Paying for the company's partially increased working capital needs.

 

Peers of Scoda Tubes

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Ratnamani Metals & Tubes Ltd.	2	89.18	31.93
Venus Pipes & Tubes Limited	10	42.36	30.77
Welspun Specialty Solutions Ltd.	6	1.18	27.15
Suraj Limited	10	11.72	34.79

 

Evaluation

The Scoda Tubes Limited IPO price is Rs. 130 to Rs. 140 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Dec 2024 with an EPS of Rs. 4.60 from the last year, the resulting P/E ratio is 30.43x.

Considering the weighted EPS of Rs. 3.28 for the last three years, the P/E ratio is 42.68x.

The Prostarm Info Systems IPO application will be available from 27 May 2025.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 30.97.

Particulars	P/E Ratio (x)
Highest	34.79
Lowest	27.15
Average	30.97

In simple words, the P/E ratio of this IPO (30.43x), compared with the industry’s average P/E of 30.97x, has an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

 

 

IPO's Strengths   

• Additive focuses on value-enhancing stainless steel long products.

• Possesses strong global industry certifications and accreditations.

• Holds a well-diversified overseas customer base.

• Has a strategically located integrated manufacturing facility.

• Possesses stringent quality assurance with very low rejection rates.

 

IPO’s Weaknesses

• Dependence on a narrow sales and distribution stockist network.

• The possibility of termination or underperformance by exclusive stockists.

• Vulnerability to the potential withdrawal of unsecured loans by creditors at any point.
  
  

Scoda Tubes IPO GMP Today

Scoda Tubes IPO GMP is Rs. 16 as of May 24, 2025, when this information was written. With the price of Rs. 140, the Scoda Tubes IPO listing price might be Rs. 156 (estimated).

Scoda Tubes Limited IPO Timetable (Tentative)

The Scoda Tubes IPO date is from 28 May to 30 May. With IPO allocation on Jun 02, refund initiation on Jun 03, and listing on Jun 04, 2025.

Events	Date
IPO Opening Date	28 May 2025
IPO Closing Date	30 May 2025
IPO Allotment Date	02 Jun 2025
Refund Initiation	03 Jun 2025
IPO Listing Date	04 Jun 2025

 

IPO Other Details 

The IPO with a face value of Rs. 10 per Share, offers an IPO size of 1,57,14,286 shares (Rs. 220 Cr) and it will be listed at BSE and NSE.

IPO Opening & Closing Date	28 May 2025 to 30 May 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 130 to Rs. 140
Lot Size	100 Shares
Issue Size	1,57,14,286 shares (Rs. 220 Cr)
Offer for Sale	-
Fresh Issue	1,57,14,286 shares (Rs. 220 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Private Limited (Link Intime)

 

IPO Grey Market Premium

The live IPO GMP is available at our live IPO GMP page, where you can get the GMP today of open IPOs.

 

Scoda Tubes IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (100 Shares) amounting to Rs. 14,000 and 14 Lots (1400 Shares) for Rs. 1,96,000 respectively, while for HNI investors, the minimum Lot is 15 (1500 Shares) amounting to Rs. 2,10,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	14 Lots
S-HNI (Minimum)	15 Lots
S-HNI (Maximum)	71 Lots
B-HNI (Minimum)	72 Lots

 

IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

 

Promoters and Management of Scoda Tubes Ltd. 

• Samarth Patel

• Jagrutkumar Patel

• Ravi Patel

• Saurabh Patel

• Vipulkumar Patel.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Monarch Networth Capital Ltd.
  
  

Dividend Policy

The company hasn’t paid a dividend in the last three FYs.

 

 

Conclusion

Scoda Tubes IPO stands to be a window of opportunity for those who want exposure to the segment of stainless steel pipes and tubes. With healthy financials, exports to global markets, and a fair valuation, the IPO looks attractively priced.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

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DISCLAIMER: This IPO blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.