Latest news with #ScodaTubesIPO
Mint
6 days ago
- Business
- Mint
Scoda Tubes IPO allotment status in focus. GMP, step-by-step guide to check share allotment status online
Scoda Tubes IPO allotment is expected to be finalised soon. The initial public offering (IPO) of Scoda Tubes Ltd, the manufacturer of stainless-steel tubes and pipes, witnessed strong response from investors during its subscription period. As the bidding has ended, investors now shift focus towards Scoda Tubes IPO allotment date, which is expected to be today, June 2. The public issue was open for subscription from May 28 to May 30. Scoda Tubes IPO allotment date is likely 2 June 2025, Monday. Scoda Tubes IPO listing date is expected to be June 4. The company will finalise the Scoda Tubes IPO allotment status soon. After the Scoda Tubes IPO allotment status is fixed, the company will then credit the equity shares into the Demat accounts of eligible allotment holders, and initiate refunds to unsuccessful bidders. In order to do Scoda Tubes IPO allotment status online check, investors can go through the websites of BSE and NSE, and on the official portal of the IPO registrar. MUFG Intime India Private Limited (Link Intime) is the Scoda Tubes IPO registrar. Here's how to do Scoda Tubes IPO allotment status online check by following a few simple steps mentioned below: Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'Scoda Tubes Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your Scoda Tubes IPO allotment status will be displayed on the screen. Step 2] Choose 'Scoda Tubes IPO Limited' in the Select Company dropdown menu Step 3] Select among PAN, App. No., DP ID or Account No. Step 4] Enter the details as per the option selected Your Scoda Tubes IPO allotment status will be displayed on the screen. Scoda Tubes IPO is showing a bullish trend in the unlisted market with a positive grey market premium (GMP) today. Scoda Tubes IPO GMP today is ₹ 20.5 per share. This means that in the grey market, the Scoda Tubes shares are trading higher by ₹ 20.5 apiece than their issue price. Scoda Tubes IPO GMP today signals the estimated Scoda Tubes IPO listing price would be ₹ 160.5 per share, which is 14.64% premium to the issue price of ₹ 140 per share. Scoda Tubes IPO commenced on Wednesday, May 28, and concluded on Friday, May 30. Scoda Tubes IPO allotment date is likely today, June 2, and the IPO listing date is estimated to be June 4, Wednesday. The ₹ 220-crore Scoda Tubes IPO was entirely a fresh issue of 1.57 crore equity shares. Scoda Tubes IPO price band was fixed at ₹ 140 per share. Scoda Tubes IPO was subscribed 53.78 times in total. The retail investors' portion was booked 19.40 times, while the non-institutional investors (NII) category was subscribed 113.03 times. The qualified institutional buyers (QIBs) portion received 69.51 times subscription. Monarch Networth Capital Ltd is the book-running lead manager of the Scoda Tubes IPO, while MUFG Intime India (Link Intime) is the IPO registrar.
Mint
7 days ago
- Business
- Mint
Scoda Tubes IPO allotment soon. GMP, step-by-step guide to check share allotment status online
Scoda Tubes IPO allotment is expected to be finalised soon. The initial public offering (IPO) of Scoda Tubes Ltd, the manufacturer of stainless-steel tubes and pipes, witnessed strong response from investors during its subscription period. As the bidding has ended, investors now shift focus towards Scoda Tubes IPO allotment date, which is expected to be today, June 2. The public issue was open for subscription from May 28 to May 30. Scoda Tubes IPO allotment date is likely 2 June 2025, Monday. Scoda Tubes IPO listing date is expected to be June 4. The company will finalise the Scoda Tubes IPO allotment status soon. After the Scoda Tubes IPO allotment status is fixed, the company will then credit the equity shares into the Demat accounts of eligible allotment holders, and initiate refunds to unsuccessful bidders. In order to do Scoda Tubes IPO allotment status online check, investors can go through the websites of BSE and NSE, and on the official portal of the IPO registrar. MUFG Intime India Private Limited (Link Intime) is the Scoda Tubes IPO registrar. Here's how to do Scoda Tubes IPO allotment status online check by following a few simple steps mentioned below: Scoda Tubes IPO Allotment Status on BSE Step 1] Visit BSE website on this link - Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'Scoda Tubes Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your Scoda Tubes IPO allotment status will be displayed on the screen. Scoda Tubes IPO Allotment Status on MUFG Intime Step 1] Visit IPO registrar website on this link - Step 2] Choose 'Scoda Tubes IPO Limited' in the Select Company dropdown menu Step 3] Select among PAN, App. No., DP ID or Account No. Step 4] Enter the details as per the option selected Step 5] Click on Search Your Scoda Tubes IPO allotment status will be displayed on the screen. Scoda Tubes IPO GMP Today Scoda Tubes IPO is showing a bullish trend in the unlisted market with a positive grey market premium (GMP) today. Scoda Tubes IPO GMP today is ₹20.5 per share. This means that in the grey market, the Scoda Tubes shares are trading higher by ₹20.5 apiece than their issue price. Scoda Tubes IPO GMP today signals the estimated Scoda Tubes IPO listing price would be ₹160.5 per share, which is 14.64% premium to the issue price of ₹140 per share. Scoda Tubes IPO Details Scoda Tubes IPO commenced on Wednesday, May 28, and concluded on Friday, May 30. Scoda Tubes IPO allotment date is likely today, June 2, and the IPO listing date is estimated to be June 4, Wednesday. The ₹220-crore Scoda Tubes IPO was entirely a fresh issue of 1.57 crore equity shares. Scoda Tubes IPO price band was fixed at ₹140 per share. Scoda Tubes IPO was subscribed 53.78 times in total. The retail investors' portion was booked 19.40 times, while the non-institutional investors (NII) category was subscribed 113.03 times. The qualified institutional buyers (QIBs) portion received 69.51 times subscription. Monarch Networth Capital Ltd is the book-running lead manager of the Scoda Tubes IPO, while MUFG Intime India (Link Intime) is the IPO registrar.
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Business Standard
30-05-2025
- 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
28-05-2025
- Business
- Business Standard
Scoda Tubes IPO invites bids: GMP up 16%; should you park your money?
Scoda Tubes IPO opens for subscription: The initial public offering (IPO) of the stainless-steel tubes and pipes manufacturing company, Scoda Tubes, opens for public subscription today, Wednesday, May 28, 2025. At the upper end, the company seeks to raise ₹220 crore from the public offering. Ahead of the opening of the public offering, Scoda Tubes has already raised ₹66 crore from anchor investors in a bidding that concluded on Tuesday, May 27. As the public offering opens for subscription, here are the key details of the Scoda Tubes IPO: Scoda Tubes IPO structure Scoda Tubes IPO is a book-built issue comprising an entirely fresh issue of 15.7 million equity shares, aggregating up to ₹220 crore. The public offering does not have any offer-for-sale (OFS) component. Scoda Tubes has reserved not more than 50 per cent of the net offer for qualified institutional buyers, not less than 35 per cent for retail investors, and not less than 15 per cent for non-institutional investors. Scoda Tubes IPO lot size, price band Scoda Tubes IPO is available at a price band of ₹130–140 per share, with a lot size of 100 shares. Accordingly, investors can bid for a minimum of 100 shares of Scoda Tubes and in multiples thereof. The minimum amount required by a retail investor to bid for the Scoda Tubes IPO is ₹14,000. A retail investor can bid for a maximum of 14 lots or 1,400 shares, amounting to ₹1,96,000. ALSO READ | Scoda Tubes IPO grey market premium (GMP) The unlisted shares of Scoda Tubes were commanding a decent premium in the grey market ahead of the opening of the public issue. 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 allotment date, listing date The three-day subscription window to bid for Scoda Tubes will conclude on Friday, May 30, 2025. Following the closure of the subscription window, 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 Should you subscribe to the Scoda Tubes IPO? Bajaj Broking - Neutral Analysts at Bajaj Broking have assigned a Neutral rating on the Scoda Tubes IPO, and advised a cautious approach for investment at this stage. "Considering the operational strengths but also factoring in the existing working capital challenges, market risks, and margin pressures, we maintain a neutral view on Scoda Tubes. The outlook remains stable, with medium-term performance likely to depend on improved cash flow management, sustained demand from infrastructure sectors, and mitigation of external risks." Angel One - Subscribe for long-term At the current price band, Vaqarjaved Khan, Sr. Fundamental Analyst, Angel One, said that it is a decent opportunity for someone seeking to play out the infrastructure and industrial growth story in India. "In the longer term, it can provide decent gains, but one should also be cautious regarding the competitive industry it operates in, as well as keep a close eye on its cash flow trajectory." "Sectoral demand for its products continues to remain strong in the infrastructure and industrial segments. Meanwhile, in the last two years, revenue has doubled for the company and operating margin has also expanded by 1000 bps to 15 per cent during the same time frame. On the negative front, the company operates in a highly competitive space with big players commanding high market share. Also, OCF for the company for FY22, FY23, and FY24 is negative, which is not a good sign," said Khan. About Scoda Tubes Scoda Tubes is an Indian manufacturer of stainless-steel tubes and pipes with over 14 years of experience in the industry. Headquartered in Gujarat, the company specialises in producing high-quality stainless-steel solutions that cater to both domestic and international markets. The company's product offerings are broadly classified into two categories—seamless tubes and pipes, and welded tubes and pipes—and are further segmented into five key product lines: stainless steel seamless pipes, stainless steel seamless tubes, stainless steel seamless 'U' tubes, stainless steel instrumentation tubes, and stainless steel welded tubes and 'U' tubes.
