Scoda Tubes Ltd, a leading manufacturer of stainless steel seamless and welded tubes and pipes, is set to finalise the allotment of shares for its ₹220-crore Initial Public Offering (IPO) on Monday, June 2, 2025. Following the overwhelming response from investors, the company is gearing up for the listing of its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) scheduled for Wednesday, June 4.

Oversubscribed IPO Reflects Strong Investor Confidence

The IPO was open for subscription from May 28 to May 30 and witnessed exceptional demand, being oversubscribed by an impressive 57 times. This strong subscription across investor categories underscores the market’s confidence in Scoda Tubes’ business prospects and growth potential.

Breaking down the subscription details, the Non-Institutional Investors (NIIs) segment recorded the highest interest, subscribing nearly 122 times to their allotted quota. The Qualified Institutional Buyers (QIBs) subscribed their quota 73 times, indicating robust institutional interest. Meanwhile, the retail investor segment also performed well, with a subscription rate close to 21 times.

The IPO price band was fixed between ₹130 and ₹140 per share, making it an attractive offering for investors looking to participate in the metals and stainless steel sector.

How to Check Scoda Tubes IPO Allotment Status

As the allotment process concludes, IPO applicants are eagerly awaiting confirmation of their share allotment status. Investors can check their status using the following methods:

• Via BSE website:

  1. Visit the BSE IPO allotment page.

  2. Select ‘Equity’ as the issue type.

  3. Choose ‘Scoda Tubes’ from the dropdown.

  4. Enter PAN or application number.

  5. Click ‘Search’ to view allotment status.

• Via MUFG Intime India Pvt Ltd (IPO Registrar):

  1. Visit the MUFG Intime India IPO status page.

  2. Select ‘Scoda Tubes’.

  3. Enter PAN, application number, or DP/Client ID.

  4. Click ‘Submit’ to check the status.

• Via NSE website:
  Investors can also verify their allotment status using PAN and application number.

Successful bidders will have their allotted shares credited to their Demat accounts on June 3, while refunds for unsuccessful applicants will be processed on the same day.

IPO Details and Use of Proceeds

Prior to the IPO, Scoda Tubes raised ₹66 crore from anchor investors on May 27, which added further credibility and support to the issue. The current IPO is a fresh issue of 1.57 crore equity shares, without any offer-for-sale component, aimed at raising ₹220 crore.

The company plans to use the proceeds primarily for expanding its production capacity of seamless and welded tubes and pipes to meet growing demand. Additionally, funds will be deployed to meet working capital requirements, helping the company strengthen its operational efficiency and market reach.

About Scoda Tubes Ltd

Founded in 2008 and headquartered in Mehsana, Gujarat, Scoda Tubes has carved a niche in manufacturing stainless steel seamless and welded tubes and pipes. It caters to a diverse range of industries such as oil & gas, power, pharmaceuticals, and others. The company also exports its products to 16 countries, reflecting its global footprint.

Scoda Tubes boasts integrated manufacturing operations, including a hot piercing mill for backward integration, which helps maintain quality and cost control. This operational advantage positions the company well for future growth in the competitive metals industry.

The successful conclusion of the IPO allotment and the upcoming listing on June 4 mark a significant milestone for Scoda Tubes Ltd. With strong investor interest and a clear plan for expansion, the company is poised to capitalize on increasing demand for stainless steel products in both domestic and international markets.

Investors who participated in the IPO can now check their allotment status through official channels and prepare for trading once the shares debut on the stock exchanges. This IPO represents a key opportunity for those interested in the metals and manufacturing sectors, especially stainless steel tubing, which is critical for multiple industrial applications.

The Upcoming IPOs in this week and coming weeks are Ganga Bath Fittings, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are 3B Films

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