Latest news with #Tubes
India Today
5 days ago
- Business
- India Today
Scoda Tubes share price: Stock makes flat debut on BSE and NSE
Scoda Tubes made their debut on the stock market on Wednesday, listing flat at the issue price of Rs.140 on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).The listing was anticipated to be at a premium; however, the shares opened flat, contrary to grey market expectations which suggested a 14% Tubes, a manufacturer of stainless-steel seamless and welded tubes and pipes, saw good interest during its initial public offering (IPO) phase, which ran from May 28 to May 30, The IPO was oversubscribed by 57.37 times, highlighting strong market demand. Specifically, the retail investment segment was oversubscribed by 20.89 times, the Qualified Institutional Buyers (QIB) segment by 72.97 times, and the Non-Institutional Investors (NII) segment by 121.72 shares were allotted to investors on June 2, ahead of the official Tubes, incorporated in 2008 and based in Mehsana, Gujarat, serves key sectors such as oil and gas, power, and pharmaceuticals, with exports to 16 countries. The company's backward integration is facilitated through a hot piercing lead manager for the IPO was Monarch Networth Capital Ltd. The funds raised from this IPO are intended for expanding the production capacity of seamless and welded tubes and pipes and for meeting the company's working capital the nine months ending December 2024, Scoda Tubes reported a profit of Rs.25 crore on a revenue of Rs.361 crore. Over the fiscal year 2024, the company recorded a 77% increase in profit, reaching Rs.18 crore, while revenue saw a 31% rise to Rs.400 crore compared to the previous fiscal
Time of India
29-05-2025
- Business
- Time of India
Scoda Tubes IPO subscribed 4.4 times so far on Day 2, GMP rises to 13%. Check details
Scoda Tubes IPO: The oversubscription was largely fueled by non-institutional investors (NIIs), who had subscribed to the issue 8.63 times by around 12:40 pm. Retail investors followed, subscribing 4.09 times, while qualified institutional buyers (QIBs) subscribed 1.8 times. Tired of too many ads? Remove Ads Scoda Tubes GMP: Scoda Tubes shares are trading at a premium of Rs 19–21 in the unlisted market, reflecting a grey market premium (GMP) of 13.6%. Scoda Tubes IPO key dates: The issue opened on May 28 and will close on May 30, with the allotment expected to be finalized by June 2. The stock is likely to list on the exchanges on June 4. Scoda Tubes IPO details: Scoda Tubes, incorporated in 2008, is engaged in the manufacturing of stainless-steel seamless and welded tubes, catering to core sectors such as oil & gas, chemicals, power, railways, and pharmaceuticals. Tired of too many ads? Remove Ads Scoda Tubes financial performance: Financially, Scoda Tubes has demonstrated strong growth over the past two years. Its revenue nearly doubled from Rs 194 crore in FY22 to Rs 400 crore in FY24, while profit after tax surged from Rs 1.63 crore to Rs 18.3 crore during the same period. The company also reported a significant improvement in operating performance, with EBITDA margin rising from 5.15% in FY22 to 14.7% in FY24, and return on equity (RoE) climbing to 28.77%. After sailing through on the first day of the bidding process, the initial public offering ( IPO ) of Scoda Tubes has garnered a total subscription of 4.4 times so far on the second oversubscription was primarily driven by non-institutional investors (NIIs), who, around 12:4 pm, had subscribed to the issue by 8.63 times. This was followed by the retail investors, who subscribed to the issue by 4.09 times and the qualified institutional buyers (QIBs), who subscribed to the issue by 1.8 company operates from Mehsana, Gujarat, with backward integration via a hot piercing mill, and has established a growing export footprint spanning 11 countries. Notably, exports contributed over 28% of total revenue in the first nine months of Tubes is looking to raise Rs 220 crore through a 100% fresh issue of shares, with the price band set between Rs 130 and Rs 140 per share. The offering comprises 1.57 crore to 1.69 crore equity shares and the stock will be listed on both the NSE and the company's cash flow efficiency remains a point of concern. Despite the sharp increase in revenue and profitability, cash generated from operations in FY24 stood at only Rs 2.26 read: The Leela IPO allotment to be finalised today: How to check status, GMP and listing details Brokerage firm Canara Bank Securities has recommended a 'SUBSCRIBE' rating for long-term investors. It noted that the company's technical expertise, rising export share, asset-backed expansion, and sector tailwinds position it well for scalable growth. While the IPO is priced at a P/E of 30.43x and a P/B of 8.76x -- broadly in line with industry peers -- investors should be mindful of cash flow concerns and customer concentration at Anand Rathi stated they believe that the company's key differentiator is its manufacturing process of its crucial raw material which enables backward integration, enabling Scoda Tubes to exercise greater control over production costs, reduce dependence on third-party suppliers, and improve overall operational the issue is fully priced, they gave a 'Subscribe for long term' rating for the summary, investors with a long-term view looking to tap into India's industrial and export manufacturing story may consider subscribing to Scoda Tubes IPO.
Economic Times
29-05-2025
- Business
- Economic Times
Scoda Tubes IPO subscribed 4.4 times so far on Day 2, GMP rises to 13%. Check details
Scoda Tubes GMP: Scoda Tubes shares are trading at a premium of Rs 19–21 in the unlisted market, reflecting a grey market premium (GMP) of 13.6%. Scoda Tubes IPO key dates: The issue opened on May 28 and will close on May 30, with the allotment expected to be finalized by June 2. The stock is likely to list on the exchanges on June 4. Scoda Tubes IPO details: Scoda Tubes, incorporated in 2008, is engaged in the manufacturing of stainless-steel seamless and welded tubes, catering to core sectors such as oil & gas, chemicals, power, railways, and pharmaceuticals. Live Events Scoda Tubes financial performance: Financially, Scoda Tubes has demonstrated strong growth over the past two years. Its revenue nearly doubled from Rs 194 crore in FY22 to Rs 400 crore in FY24, while profit after tax surged from Rs 1.63 crore to Rs 18.3 crore during the same period. The company also reported a significant improvement in operating performance, with EBITDA margin rising from 5.15% in FY22 to 14.7% in FY24, and return on equity (RoE) climbing to 28.77%. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After sailing through on the first day of the bidding process, the initial public offering ( IPO ) of Scoda Tubes has garnered a total subscription of 4.4 times so far on the second oversubscription was primarily driven by non-institutional investors (NIIs), who, around 12:4 pm, had subscribed to the issue by 8.63 times. This was followed by the retail investors, who subscribed to the issue by 4.09 times and the qualified institutional buyers (QIBs), who subscribed to the issue by 1.8 company operates from Mehsana, Gujarat, with backward integration via a hot piercing mill, and has established a growing export footprint spanning 11 countries. Notably, exports contributed over 28% of total revenue in the first nine months of Tubes is looking to raise Rs 220 crore through a 100% fresh issue of shares, with the price band set between Rs 130 and Rs 140 per share. The offering comprises 1.57 crore to 1.69 crore equity shares and the stock will be listed on both the NSE and the company's cash flow efficiency remains a point of concern. Despite the sharp increase in revenue and profitability, cash generated from operations in FY24 stood at only Rs 2.26 read: The Leela IPO allotment to be finalised today: How to check status, GMP and listing details Brokerage firm Canara Bank Securities has recommended a 'SUBSCRIBE' rating for long-term investors. It noted that the company's technical expertise, rising export share, asset-backed expansion, and sector tailwinds position it well for scalable growth. While the IPO is priced at a P/E of 30.43x and a P/B of 8.76x -- broadly in line with industry peers -- investors should be mindful of cash flow concerns and customer concentration at Anand Rathi stated they believe that the company's key differentiator is its manufacturing process of its crucial raw material which enables backward integration, enabling Scoda Tubes to exercise greater control over production costs, reduce dependence on third-party suppliers, and improve overall operational the issue is fully priced, they gave a 'Subscribe for long term' rating for the summary, investors with a long-term view looking to tap into India's industrial and export manufacturing story may consider subscribing to Scoda Tubes IPO.
Economic Times
28-05-2025
- Business
- Economic Times
Scoda Tubes IPO opens for subscription: Should you invest?
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Scoda Tubes will open for subscription on May 28 and will close on May 30. The stainless-steel tubes and pipes manufacturer plans to raise Rs 220 crore entirely through a fresh issue of shares, priced in the range of Rs 130–140 per Tubes is offering between 1.57 crore and 1.69 crore shares and will be listed on both the NSE and BSE. Retail investors can bid for a minimum of one lot consisting of 100 shares, amounting to Rs 14,000 at the upper band. The allotment is expected to be finalized by June 2, and the stock is likely to debut on the exchanges on June firm Canara Bank Securities has recommended a 'SUBSCRIBE' rating for long-term investors. It noted that the company's technical expertise, rising export share, asset-backed expansion, and sector tailwinds position it well for scalable growth. While the IPO is priced at a P/E of 30.43x and a P/B of 8.76x -- broadly in line with industry peers -- investors should be mindful of cash flow concerns and customer concentration summary, investors with a long-term view looking to tap into India's industrial and export manufacturing story may consider subscribing to Scoda Tubes company, incorporated in 2008, specializes in manufacturing stainless-steel seamless and welded tubes, which are supplied to key sectors including oil & gas, chemicals, power, railways, and operates out of Mehsana, Gujarat, with backward integration through a hot piercing mill, and has a growing export presence across 11 countries. In the first nine months of FY25, export revenue accounted for over 28% of total the company has shown solid growth. Revenue jumped from Rs 194 crore in FY22 to Rs 400 crore in FY24. Profit after tax rose from Rs 1.63 crore in FY22 to Rs 18.3 crore in FY24. The company's EBITDA margin improved from 5.15% in FY22 to 14.7% in FY24, and the return on equity (RoE) stood at 28.77% for the same Scoda's cash flow efficiency has been a concern. Despite growing revenues and profits, cash generated from operations stood at just Rs 2.26 crore in the company is heavily reliant on select stockists for both domestic and international sales, which poses a concentration risk. It also plans significant capacity expansion for welded pipes despite currently low utilization.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Daily Mirror
04-05-2025
- Sport
- Daily Mirror
Chelsea take advantage of Liverpool title hangover as Blues star silences Reds chants
CHELSEA 3-1 LIVERPOOL: Enzo Maresca's side were given a helping hand by the new champions in their race for a Champions League spot as Liverpool had an off-day after sealing the title Arne Slot's newly crowned champions were given a guard of honour before kick-off - but that is where the respect ended. Chelsea were hell-bent on taking advantage of a much-changed Liverpool line-up who were well below their best at Stamford Bridge. Liverpool had certainly earned the right to party and celebrate their success after clinching their 20th title at Anfield last week. The Reds were handing out gifts all over the pitch with an own goal and an injury time penalty for Cole Palmer to end his 19-game drought. That probably brought the biggest cheer from the home fans as they rolled over the champions with relative ease. And even the travelling fans in the away end were so busy singing about titles that they did not seem to be too worried about what happened on the pitch. With the title already in the bag, Liverpool boss Slot does not owe anyone any favours but Chelsea were certainly given a big one because the victory is a huge boost for their chances of securing a Champions League spot. It was all too easy for Chelsea who started on the front foot - Enzo Fernandez's third-minute opener was the fastest goal at Stamford Bridge since 2017 - and they never looked back. Chelsea defended well, they only briefly wobbled after Virgil van Dijk's late consolation but even that came too late to save the visitors. Chelsea's second goal - courtesy of a bizarre own goal off Jarell Quansah - just summed it all up as Liverpool were guilty of some comical defending. The only sour note for Chelsea was Nicolas Jackson who looked very unhappy at being substituted but that felt like a small footnote by the end. They now look well capable of snatching a place in the top five. The Liverpool fans, who battled their way to London despite chaos on the trains and Tubes, were still singing, dancing and taunting until the end as if it did not matter much anyway. 'You should have signed for the champions' they sang at Romeo Lavia as they taunted the Chelsea midfielder who chose Stamford Bridge over Anfield a couple of years ago. Nothing much bothered them - and you can understand why. What a season they have enjoyed. Slot had promised to give everything until the end but they were below their best and Chelsea were bang at it. Slot also probably owed it to a few squad players to give them a go. Chelsea set the tone after just three minutes when Palmer spread a clever ball wide to Pedro Neto wide on the right who was given time and space to pick out a team-mate in the penalty box. In rushed Fernandez and the Chelsea captain had time, space and the composure to pick his shot and fire past Liverpool keeper Alisson and into the far corner. It was a dream start for Chelsea - and they rarely looked back. Liverpool were off colour as even Mo Salah could not find his touch. Even he looked miles off. Chelsea were given breathing space after 56 minutes with Palmer heavily involved in the build-up as the England star's low cross caused chaos in the Liverpool box. Van Dijk went to clear but only ended up hammering the ball against fellow defender Quansah and it cannoned past Liverpool keeper Alisson for Chelsea's rather comical second goal. Liverpool pulled one back when Van Dijk headed in Alexis Mac Allister's corner but then the game got even worse for Quansah as he gifted Chelsea a penalty with a clumsy trip on Moises Caicedo - and an open invitation to Palmer end his drought. Palmer stepped up and stroked it into the corner to complete the win.
