IPO Details
RHP/DRHPIssue Date
28 May - 30 May'25
Investment/lot
₹ 14000
Price Range
130 - 140
Lot Size
100
IPO Size
₹ 220.00 Cr
IPO Listing Details
Listing On
4 Jun'25
Issue Price
140
Listed Price
₹ 140
Retail Gain/Listing Gain
▲0.00%
Schedule of Scoda Tubes IPO
Start date
28/05/2025
End date
30/05/2025
Allotment of bids
02/06/2025
Refund Initiation
03/06/2025
Listing on exchange
04/06/2025
About Scoda Tubes IPO
The IPO of Scoda Tubes Ltd is a 100% book-built issue comprising a fresh issue with no offer for sale. The fresh issue aggregates up to ₹220 crore. The price band ranges from ₹130 to ₹140. The lot size is 15 equity shares and in batches of 15 thereafter.
The listing of the equity shares will take place on June 4, 2025. The basis of allotment will take place on June 2, 2025. The initiation of refund will take place on June 3, 2025 and the credit of shares to the demat account will take place on June 3, 2025.
Objectives of Scoda Tubes IPO
The company proposes to utilise the net proceeds received from the IPO:
- To meet capital expenditure towards expanding production capacity of seamless and welded tubes and pipes
- To fund the part incremental working capital requirements of the company
- For general corporate purposes
Scoda Tubes IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the offer |
Non-institutional Bidders | Not less than 15% of the offer |
Retail Individual Bidders | Not less than 35% of the offer |
Industry Outlook
Between fiscals 2024 and 2029, the domestic demand for stainless steel pipes and tubes is expected to increase at a CAGR of 6-8% to 0.45-0.47 million tonnes in fiscal 2029. This healthy growth in the demand will primarily be led by strong growths in major end use industries of stainless-steel pipes and tubes such as building and construction, automobile, oil and gas, chemical manufacturing, food and beverage, etc.
Company Information
Scoda Tubes Ltd is a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience. It markets its products under the brand, Scoda Tubes Limited. Its products are used by a diverse range of customers like engineering companies, EPC and industrial companies engaged in oil and gas, chemicals, fertilisers, power, pharmaceuticals, automotive, railways and transportation sectors.
Scoda Tubes IPO Strengths
Specialised production of stainless-steel tubes and pipes
Scoda Tubes Ltd is a tubes and pipes manufacturer, specialising in the production of seamless and welded products in a single metal category, i.e., stainless steel. With its expertise in this segment, it’s able to offer various specialised stainless-steel tubes and pipes products in terms of length, thickness and grades as required or preferred by customers.
International accreditations and product approvals
The company follows internationally recognised standard manufacturing practices, including ASTM standards, ASME standards and EN standards. Its manufacturing facility benefits from the quality benchmarking certifications, including ISO 9001:2015, 14001:2015 and 45001:2018 certified by TUV SUD South Asia Private Ltd.
Customer diversification & international presence
The company’s products cater to diversified industrial companies engaged in oil and gas, chemicals, fertilisers, power, pharmaceuticals, automotive, railways and transportation sectors, both domestically and internationally. In International markets, the company supplies its products through a stockist. In the United States, it has a stockist authorised to exclusively sell their products in the United States market.
Risks of Scoda Tubes IPO
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The company derived 16.26%, 16.33% and 6.70% of its revenue from operations from its top customer and 47.77%, 45.04% and 39.76% of its revenue from operation from its top ten customers in Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Any loss of its single largest customer or any number of top ten customers or a significant reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.
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The company’s business and profitability are substantially dependent on the demand for its products from engineering, EPC and industrial companies, stockists, in and outside of India. Any reduction in the activity and expenditure levels in such customers may adversely affect its business, prospects, results of operations and financial condition.
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The company’s business and profitability are substantially dependent on the availability and cost of raw materials. It’s dependent on third-party suppliers/manufacturers/stockists for meeting its raw material requirements. Any disruption to the timely and adequate supply, or volatility in the prices of raw materials may adversely impact its business, results of operations and financial condition.
All Financial Information about Scoda Tubes
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter for FY 24 | Scoda Tubes Ltd | Ratnamani Metals & Tubes Ltd | Venus Pipes & Tubes Ltd | Welspun Specialty Solutions Ltd | Suraj Ltd |
|---|---|---|---|---|---|
Revenue from Operations (in ₹ crore) | 399.861 | 5059.090 | 802.198 | 696.670 | 330.665 |
P/E | NA | 31.93 | 30.77 | 27.15 | 34.79 |
Return on Net Worth (in %) | 28.77 | 19.90 | 21.17 | 67.11 | 17.57 |
EPS in ₹ | 4.60 | 89.18 | 42.36 | 1.18 | 11.72 |
IPO Registrar and Book Running Lead Manager
Link Intime India Pvt Ltd is the registrar of Scoda Tubes Ltd IPO. Monarch Networth Capital Ltd is the book running lead manager of the IPO.
Business Model
Scoda Tubes Ltd manufactures stainless-steel tubes and pipes. Its products are broadly categorised into:
- Seamless tubes/pipes
- Welded tubes and pipes
The welded tubes and pipes are further categorised into five product lines namely:
- Stainless steel seamless pipes
- Stainless steel seamless tubes
- Stainless steel seamless “U” tubes
- Stainless steel instrumentation tubes
- Stainless steel welded tubes and “U” tubes
Company Growth Trajectory
Scoda Tubes Ltd has demonstrated consistent growth in terms of revenues and profitability. Its revenue from operations has grown from ₹12.846 crore in Fiscal 2016 to ₹399.861 crore in Fiscal 2024. Its profit after tax has grown from ₹0.123 crore in Fiscal 2016 to ₹18.3crore in Fiscal 2024.
Market Position
Scoda Tubes Ltd has an experience of over 14 years. Currently, its hot piercing mill has a production capacity of 20,000 MT per annum. It caters to both the domestic as well as the international markets. It supplies its products through stockists in Italy, Germany, Austria and Eastern European markets.
Scoda Tubes IPO Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crore) | 402.488 | 307.785 | 195.053 |
Profit before Tax | 25.939 | 14.376 | 2.310 |
Profit after Tax | 18.3 | 10.336 | 1.636 |
PAT Margin (in %) | 4.79 | 2.17 | 1.94 |
EBITDA (in ₹ crore) | 48.40 | 30.558 | 9.989 |
EPS in ₹ | 4.60 | 2.60 | 0.72 |
Scoda Tubes IPO Cash Flow Statement
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit After Tax (in ₹ crore) | 18.30 | 10.336 | 1.636 |
Net Cash Flow from Operating Activities (in ₹ crore) | 2.264 | 20.346 | (46.865) |
Net Cash used in Investing Activities (in ₹ crore) | (46.576) | (38.523) | (33.436) |
Net Cash from Financing Activities (in ₹ crore) | 44.265 | 17.936 | 80.157 |
Cash and Cash Equivalents at the End of the Financial Year (in ₹ crore) | 0.007 | 0.054 | 0.294 |
How to Check Allotment Status of Scoda Tubes IPO?
You can check the allotment status of Scoda Tubes Ltd IPO through the BSE website or through its registrar’s portal. To check status on BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt
- Select the Issue Name from the drop-down.
- Enter your application number or PAN number
- Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status
To know the allotment status through the registrar’s portal:
- Visit the website of Link Intime India Private Ltd
- Choose ‘Public Issues’ from Investor Services dropdown
- Choose the name of the company from ‘Select Company’ dropdown
- Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
- Click on Submit to check the status
How to Apply for Scoda Tubes IPO?
To apply for the IPO of Scoda Tubes Ltd:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Scoda Tubes IPO FAQs
When is Scoda Tubes IPO listing date?
Scoda Tubes IPO will list on 2025-06-04.
What is the issue size of Scoda Tubes IPO?
220.00 is the issue size of Scoda Tubes IPO.
What is the minimum lot size required for Scoda Tubes IPO?
The minimum lot size is 100 shares and the investment required is ₹14000.
What is the price band of the Scoda Tubes IPO?
The price band of Scoda Tubes IPO is ₹130 to ₹140.
Where can I read more about Scoda Tubes business?
You can read more about Scoda Tubes and its IPO from the company’s red herring prospectus (RHP) here.
What is the Scoda Tubes Ltd IPO?
The IPO of Scoda Tubes Ltd is an entirely fresh issue aggregating up to ₹275 crore. The IPO has no offer for sale. It’s a 100% book-built issue.
When will the IPO of Scoda Tubes Ltd go live?
The exact dates of the IPO are yet to be announced. However, it’s expected to go live soon.
From where can I read more about Scoda Tubes Ltd and its IPO?
You can read more about Scoda Tubes Ltd and its IPO from the company’s red draft herring prospectus here.
