Scoda Tubes IPO – Day 1 Subscription at 0.36 Times

Categories: Markets

May 28, 2025

Scoda Tubes’s initial public offering (IPO) has begun its subscription period with initial interest on the first day. The ₹220.00 crore IPO has witnessed early demand, reaching 0.36 times by 10:49:45 AM on the opening day, showing initial investor response to this manufacturer of stainless-steel tubes and pipes that produces seamless tubes/pipes and welded tubes/pipes across five product lines including stainless steel seamless pipes, tubes, “U” tubes, instrumentation tubes, and welded tubes.

Scoda Tubes IPO retail investors segment leads with 0.53 times subscription, while non-institutional investors show participation at 0.41 times and qualified institutional buyers at 0.00 times, reflecting initial investor response to this company that serves customers including engineering companies, EPC firms, and industrial companies across sectors such as oil and gas, chemicals, fertilisers, power, pharmaceuticals, automotive, railways, and transportation.

Scoda Tubes IPO subscription at 0.36 times on the first day, led by Retail (0.53x), NII (0.41x) and QIB (0.00x). Check the details at 5paisa.

Subscription Status of Scoda Tubes IPO:

Date	QIB	NII	Retail	Total
Day 1 (May 28)	0.00	0.41	0.53	0.36

Here are the subscription details for Scoda Tubes IPO as of Day 1 (May 28, 2025, 10:49:45 AM):

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Qualified Institutions	0.00	31,42,943	3,000	0.042
Non-Institutional Buyers	0.41	23,57,143	9,69,000	13.566
– bNII (bids above ₹10L)	0.37	15,71,429	5,86,100	8.205
– sNII (bids below ₹10L)	0.49	7,85,714	3,82,900	5.361
Retail Investors	0.53	55,00,000	29,38,800	41.143
Total	0.36	1,10,00,086	39,10,800	54.751

Key Highlights – Day 1:

Overall subscription at 0.36 times, showing moderate initial investor response on the first day
Retail investors showing good early interest at 0.53 times, indicating strong individual investor participation
NII segment showing solid initial participation at 0.41 times, with smaller NIIs (below ₹10L) slightly more active at 0.49 times
QIB segment yet to show significant participation at 0.00 times on the first day
Total applications reaching 23,755 on the first day, indicating initial investor awareness
Cumulative bid amount reaching ₹54.751 crores on opening day
First day setting the baseline for potential increased subscription in coming days
Early participation reflecting positive assessment of stainless steel manufacturing sector opportunity

About Scoda Tubes IPO

Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes. The company’s products are broadly categorised into two types: seamless tubes/pipes and welded tubes/pipes, further divided into five product lines: stainless steel seamless pipes, seamless tubes, seamless “U” tubes, instrumentation tubes, and welded tubes and “U” tubes.

The company operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products. Their manufacturing facility is located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat. The company markets its products under the brand name “Scoda Tubes Limited.”

Financial performance shows strong growth with revenue increasing from ₹195.05 crores in FY2022 to ₹402.49 crores in FY2024, while profit after tax rose from ₹1.64 crores to ₹18.30 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹363.48 crores with PAT of ₹24.91 crores. The company maintains strong profitability metrics with 28.77% ROE, 15.92% ROCE, and 28.77% RONW.