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Business Standard
2 days ago
- Business
- Business Standard
Scoda Tubes IPO allotment today; check status, latest GMP, listing date
Scoda Tubes IPO allotment status: The basis of allotment for the Scoda Tubes shares is expected to be finalised today, Monday, June 2, 2025. The public offering closed for subscription on Friday, May 30, 2025, after receiving a solid response from investors and getting oversubscribed by 57.37 times. Here's how to check Scoda Tubes IPO allotment status online: Once the Scoda Tubes IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or MUFG Intime India, the issue registrar. Alternatively, investors can use the following links to check the Scoda Tubes IPO allotment status: Check Scoda Tubes IPO allotment status on MUFG Intime: Scoda Tubes IPO final subscription status The ₹220 crore public offering of Scoda Tubes, offered at a price band of ₹130 to ₹140 with a lot size of 100 shares, received bids for 63,11,23,200 shares against the 1,10,00,086 shares offered. This led to an oversubscription of 57.37 times by the end of the subscription period, according to data available on the NSE. Among the individual categories, Non-institutional investors (NIIs) led the demand by oversubscribing the quota reserved for them by 121.72 times. This was followed by Qualified institutional buyers (QIBs), who subscribed 72.97 times, and retail investors, at 20.89 times. Scoda Tubes IPO grey market premium (GMP) today The unlisted shares of Scoda Tubes were commanding a strong premium in the grey market on Monday. According to sources tracking unofficial market activities, Scoda Tubes shares were trading at around ₹160.5 per share, reflecting a grey market premium (GMP) of ₹20.5 or 14.64 per cent over the issue price. Scoda Tubes IPO details Scoda Tubes IPO comprises an entirely fresh issue of 15.7 million equity shares with no offer for sale (OFS) component. A retail investor would require a minimum of ₹14,000 to bid for one lot or 100 shares of Scoda Tubes IPO (taking the upper end of the IPO price into consideration). A retail investor can bid for a maximum of 14 lots or 1,400 shares, amounting to ₹1,96,000. Shares of Scoda Tubes are scheduled to make their D-Street debut on Wednesday, June 4, 2025, by listing on the BSE and NSE. According to the red herring prospectus (RHP), from the net issue proceeds, the company proposes to utilise ₹77 crore to finance capital expenditure for expanding the production capacity of seamless and welded tubes and pipes, and ₹110 crore will be allocated towards incremental working capital requirements. The remaining funds will be used for general corporate purposes. About Scoda Tubes Scoda Tubes is a manufacturer of stainless-steel piping solutions. Its portfolio includes high-quality Austenitic, Martensitic, Duplex, and Super Duplex seamless pipes, tubes, and 'U' tubes, designed for durability across diverse industrial applications. The company operates a fully integrated manufacturing facility with advanced solar infrastructure.
Time of India
2 days ago
- Business
- Time of India
Repo, tariff talks to drive Dalal Street
MUMBAI: The direction of trading on Dalal Street in the new week could be decided by a host of factors, including the RBI policy decision on interest rates set for June 6, tariff-related developments, foreign funds' trading trends, and geopolitical developments, market players said. On Friday, the sensex closed at 81,451 points, while Nifty closed at 24,853 points, marginally down for the week. D-Street traders and investors are expecting a 25 basis points (100bps = 1 percentage point) cut in RBI's repo rate to 5.75%. Tariff-related developments, after a US court stayed all executive orders related to US President Donald Trump's proposals and then an appeals court stayed the lower court order, market players feel there's still time for any clarity to emerge on this front. This uncertainty is expected to lead to volatility in the global market. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
5 days ago
- Business
- Business Standard
Scoda Tubes IPO Day 3 update; check subscription status, GMP, listing date
Scoda Tubes IPO entered the day 3 of the subscription window with a subscription of 8.11 times. Scoda Tubes shares were commanding a grey market premium (GMP) of ₹22 or 15.71 per cent SI Reporter New Delhi Scoda Tubes IPO Day 3 subscription status: The three-day subscription window to bid for the initial public offering (IPO) of stainless-steel tubes and pipes manufacturing company Scoda Tubes is set to conclude today, Friday, May 30, 2025. Scoda Tubes IPO, which opened for subscription on Wednesday, May 28, 2025, has received a decent response from investors so far. The NSE data shows that the ₹220 crore offering of Scoda Tubes received bids for 9,60,85,200 shares, against 1,18,46,169 shares on offer, resulting in an oversubscription of 8.11 times by the end of the second day of subscription. The public offering witnessed the highest demand from the non-institutional investors (NIIs), who oversubscribed the category reserved for them by 20.21 times. This was followed by retail investors, who bid for 6.46 times the reserved quota, while the qualified institutional buyers (QIBs) portion was subscribed 1.93 times. Scoda Tubes IPO details Scoda Tubes IPO comprises an entirely fresh issue of 15.7 million equity shares with no offer for sale (OFS) component. The public offering is available at a price band of ₹130-140 per share, with a lot size of 100 shares. Investors can bid for a minimum of 100 shares and in multiples thereof. A retail investor would require a minimum of ₹14,000 to bid for one lot or 100 shares of Scoda Tubes IPO (taking the upper end of the IPO price into consideration). A retail investor can bid for a maximum of 14 lots or 1,400 shares, amounting to ₹1,96,000. Scoda Tubes IPO grey market premium (GMP) The unlisted shares of Scoda Tubes were commanding a strong premium in the grey market on the last day of its subscription window. Sources tracking unofficial market activities revealed that Scoda Tubes shares were seen trading at around ₹162 per share, reflecting a grey market premium (GMP) of ₹22 or 15.71 per cent over the upper end of the issue price. Scoda Tubes IPO review Analysts at the brokerage firm, Bajaj Broking, have assigned a neutral rating to the Scoda Tubes IPO, while Angel One has recommended investors to subscribe for the long term. READ MORE Scoda Tubes IPO allotment date, listing date As the subscription window closes today, the basis of allotment of Scoda Tubes shares is likely to take place on Monday, June 2, 2025, with the shares being credited to demat accounts on Tuesday, June 3, 2025. Shares of Scoda Tubes are scheduled to make their D-Street debut on Wednesday, June 4, 2025, by listing on the BSE and NSE. Scoda Tubes IPO objective The company proposes to utilise the proceeds from the public offering to finance capital expenditure for expanding the production capacity of seamless and welded tubes and pipes, amounting to ₹77 crore. An amount of ₹110 crore, the company said, will be allocated towards funding a part of the company's incremental working capital requirements. The remaining will be used for general corporate purposes. Scoda Tubes IPO registrar, lead managers For the public issue, MUFG Intime India (erstwhile Link Intime) serves as the registrar, while Monarch Networth Capital is the sole book-running lead manager. About Scoda Tubes Scoda Tubes is a manufacturer of stainless-steel piping solutions. Its portfolio includes high-quality Austenitic, Martensitic, Duplex, and Super Duplex seamless pipes, tubes, and 'U' tubes, designed for durability across diverse industrial applications. The company operates a fully integrated manufacturing facility with advanced solar infrastructure.
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Business Standard
6 days ago
- Business
- Business Standard
Prostarm Info Systems IPO ends today; subscription soars 48x, GMP at 23%
Prostarm Info Systems IPO Day 3 Subscription Status: The three-day subscription period to bid for the initial public offering (IPO) of Prostarm Info Systems is set to conclude today, May 29, 2025. The public offering, which opened for subscription on Tuesday, May 27, has received an overwhelimg response from investors. NSE data suggests that the ₹168 crore offering of Prostarm Info Systems received bids for 53,96,78,668 shares, against 1,12,00,000 shares on offer, resulting in a subscription of 48.19 times as of 1:30 PM on Thursday, May 29. Among the investor categories, Non-institutional investors (NIIs) led the demand by oversubscribing the category reserved for them by 136.70 times. This was followed by retail investors, who bid for 27.37 times, and Qualified institutional buyers (QIBs), at 18.22 times. Prostarm Info Systems IPO details The public offering comprises an entirely fresh issue of 16 million equity shares. Prostarm Info Systems IPO is available at a price band of ₹95–105 per share, with a lot size of 142 shares. To bid for one lot or 142 shares of Prostarm Info Systems IPO, a retail investor would require a minimum of ₹14,910, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 13 lots or 1,846 shares, amounting to ₹1,93,830. Prostarm Info Systems IPO grey market premium (GMP) The unlisted shares of Prostarm Info Systems were commanding a strong premium in the grey market on the final day of its subscription period. Sources tracking unofficial market activities revealed that Prostarm Info Systems shares were seen trading at around ₹129 per share, reflecting a grey market premium (GMP) of ₹24 or 22.86 per cent over the upper end of the issue price. Prostarm Info Systems IPO review Prostarm Info Systems IPO allotment date, listing aate As the public offering closes for subscription today, the basis of allotment of Prostarm Info Systems IPO shares is likely to be finalised on Friday, May 30, 2025, with shares getting credited into demat accounts by Monday, June 2, 2025. Prostarm Info Systems shares are slated to make their D-Street debut on Tuesday, June 3, 2025, by listing on the BSE and NSE. Prostarm Info Systems IPO objective Prostarm Info Systems, in its Red Herring Prospectus (RHP), has said that it will use the IPO proceeds to fund working capital requirements, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, and for achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as for general corporate purposes. Prostarm Info Systems IPO registrar, lead managers For the public offering, KFin Technologies serves as the registrar, while Choice Capital Advisors is the sole book-running lead manager. About Prostarm Info Systems Prostarm Info Systems specialises in energy storage and power conditioning equipment. They design, manufacture, and sell various power solution products, including UPS systems, inverters, and solar hybrid systems. The company serves diverse industries like healthcare, aviation, and renewable energy, with a wide geographical presence across 18 states and 1 union territory in India. As of March 2025, they employed 442 staff members and have 21 branch offices and 2 storage facilities. Their services include installation, rental options, and after-sales support, catering to clients like Airports Authority of India and NTPC.
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Business Standard
6 days ago
- Business
- Business Standard
Prostarm Info Systems IPO ends today; subscription soars 19x, GMP at 23%
Prostarm Info Systems IPO Day 3 Subscription Status: The three-day subscription period to bid for the initial public offering (IPO) of Prostarm Info Systems is set to conclude today, May 29, 2025. The public offering, which opened for subscription on Tuesday, May 27, has received a favourable response from investors. NSE data suggests that the ₹168 crore offering of Prostarm Info Systems received bids for 21,21,35,078 shares, against 1,12,00,000 shares on offer, resulting in a subscription of 18.94 times as of 10:27 AM on Wednesday, May 28. Among the investor categories, Non-institutional investors (NIIs) led the demand by oversubscribing the category reserved for them by 47.67 times. This was followed by retail investors, who bid for 116.31 times, and Qualified institutional buyers (QIBs), at 2 times. Prostarm Info Systems IPO details The public offering comprises an entirely fresh issue of 16 million equity shares. Prostarm Info Systems IPO is available at a price band of ₹95–105 per share, with a lot size of 142 shares. To bid for one lot or 142 shares of Prostarm Info Systems IPO, a retail investor would require a minimum of ₹14,910, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 13 lots or 1,846 shares, amounting to ₹1,93,830. Check Vopak Terminals IPO allotment status Prostarm Info Systems IPO grey market premium (GMP) The unlisted shares of Prostarm Info Systems were commanding a strong premium in the grey market on the final day of its subscription period. Sources tracking unofficial market activities revealed that Prostarm Info Systems shares were seen trading at around ₹129 per share, reflecting a grey market premium (GMP) of ₹24 or 22.86 per cent over the upper end of the issue price. Prostarm Info Systems IPO review The company has received favourable reviews from brokerages for its public offering. Anand Rathi Research Team, and Bajaj Broking have recommended subscribing to the issue for a long-term perspective. READ MORE Prostarm Info Systems IPO allotment date, listing aate As the public offering closes for subscription today, the basis of allotment of Prostarm Info Systems IPO shares is likely to be finalised on Friday, May 30, 2025, with shares getting credited into demat accounts by Monday, June 2, 2025. Prostarm Info Systems shares are slated to make their D-Street debut on Tuesday, June 3, 2025, by listing on the BSE and NSE. Check Leela Hotels IPO allotment status Prostarm Info Systems IPO objective Prostarm Info Systems, in its Red Herring Prospectus (RHP), has said that it will use the IPO proceeds to fund working capital requirements, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, and for achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as for general corporate purposes. Prostarm Info Systems IPO registrar, lead managers For the public offering, KFin Technologies serves as the registrar, while Choice Capital Advisors is the sole book-running lead manager. About Prostarm Info Systems Prostarm Info Systems specialises in energy storage and power conditioning equipment. They design, manufacture, and sell various power solution products, including UPS systems, inverters, and solar hybrid systems. The company serves diverse industries like healthcare, aviation, and renewable energy, with a wide geographical presence across 18 states and 1 union territory in India. As of March 2025, they employed 442 staff members and have 21 branch offices and 2 storage facilities. Their services include installation, rental options, and after-sales support, catering to clients like Airports Authority of India and NTPC.
