Scoda Tubes IPO
Bookbuilding IPO | ₹6.17 Cr | Listing at BSE, NSE
IPO Open
Wed, May 28, 2025
IPO Close
Fri, May 30, 2025
Price Band
₹130.00 to ₹140.00
Market Cap (Pre-IPO)
₹838.73 Cr
IPO Details
| IPO Date | May 28, 2025 to May 30, 2025 |
| Listing Date | Tentative: Jun 04, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹130.00 to ₹140.00 |
| Lot Size | 100 Shares (Minimum: ₹14,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹6.17 Crores |
| Total Shares Offered | 15,714,200 shares |
| Offer For Sale | 15,714,200 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 72.97x |
| NII | 121.72x |
| RII | 20.89x |
| Total | 57.37x |
Scoda Tubes IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 78,57,000 (50.00%) |
| Retail Shares Offered | 55,00,000 (35.00%) |
| NII Shares Offered | 23,57,200 (15.00%) |
Scoda Tubes IPO Lot Size
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,000 |
| Retail (Max) | 14 | 1,400 | ₹196,000 |
| S-HNI (Min) | 15 | 1,500 | ₹210,000 |
| S-HNI (Max) | 71 | 7,100 | ₹994,000 |
| B-HNI (Min) | 72 | 7,200 | ₹1,008,000 |
Scoda Tubes Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 428.49 | 330.42 | 238.26 | 156.06 |
| Total Income | 363.48 | 402.49 | 307.79 | 195.05 |
| Profit After Tax | 24.91 | 18.30 | 10.34 | 1.64 |
| EBITDA | 60.63 | 58.79 | 34.78 | 9.99 |
| NET Worth | 143.55 | 63.61 | 45.31 | 34.98 |
| Reserves and Surplus | 99.35 | 62.33 | 44.03 | 33.69 |
| Total Borrowing | 202.16 | 202.66 | 139.31 | 109.90 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 28.77% |
| ROCE (Return on Capital Employed) | 15.92% |
| RoNW (Return on Net Worth) | 28.77% |
| PAT Margin (Profit After Tax Margin) | 4.58% |
| EBITDA Margin | 14.70% |
| Price to Book Value | 8.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.14 | 5.54 |
| P/E (x) | 33.81 | 25.25 |
| Promoter Holding | 90.04% | 66.43% |
Company Promoters
- Samarth Patel
- Jagrutkumar Patel
- Ravi Patel
- Saurabh Patel and Vipulkumar Patel are the company promoters.
Company Overview
Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes.
The company's products are broadly categorized into two types: (i) seamless tubes/pipes and (ii) welded tubes/pipes. These are further divided into five product lines:
- Stainless steel seamless pipes
- Stainless steel seamless tubes
- Stainless steel seamless “U” tubes
- Stainless steel instrumentation tubes
- Stainless steel welded tubes and “U” tubes
The company markets its products under the brand name “Scoda Tubes Limited.” Customers include engineering companies, EPC (Engineering, Procurement, and Construction) firms, and industrial companies across sectors such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation.
Manufacturing and Production:
- The company operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products.
- Manufacturing Facility: Located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat.
Market Presence (Fiscal 2024):
- Supplied products to 49 stockists across domestic and international markets.
- Exported to 16 countries, including the United States, Germany, Netherlands, Italy, Spain and France.
Distribution Network:
- India: An authorized stockist in Maharashtra handles domestic sales.
- United States: A dedicated stockist exclusively distributes products.
- Europe: Products are supplied through stockists in Italy, Germany, Austria, and Eastern European markets.
Workforce (as of August 31, 2024):
- Total Employees: 496
- Permanent Employees: 149
Contractual Workers: 347
Use of Proceeds
| 1) | Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes. | 76.99 |
| 2) | Funding the part incremental working capital requirements of the Company | 110.00 |
| 3) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Scoda Tubes IPO Peer Comparison
Scoda Tubes peer comparison with similar listed entities. (As on March 31, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Scoda Tubes Limited | 4.60 | 4.60 | 15.99 | - | 28.77 | - | Standalone |
| Ratnamani Metals & Tubes Ltd. | 89.18 | 89.18 | 448.07 | 31.93 | 19.90 | 6.35 | Consolidated |
| Venus Pipes & Tubes Limited | 42.36 | 42.36 | 200.05 | 30.77 | 21.17 | 6.51 | Standalone |
| Welspun Specialty Solutions Ltd | 1.18 | 1.18 | 1.76 | 27.15 | 67.11 | 32.00 | Standalone |
| Suraj Limited | 11.72 | 11.72 | 66.74 | 34.79 | 17.57 | 6.17 | Consolidated |
Quick Info
| Sector | Metals & Mining |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹838.73 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | May 28, 2025 |
| IPO Close | May 30, 2025 |
| Allotment Date | Jun 02, 2025 |
| Credit to Demat | Jun 03, 2025 |
| Listing Date | Tentative: Jun 04, 2025 |
Lead Manager(s)
Monarch Networth Capital Ltd.
Registrar
Description
- Scoda Tubes IPO is a book build issue of ₹220.00 crores. The issue is entirely a fresh issue of 1.57 crore shares of ₹220.00 crore.
- Scoda Tubes IPO bidding started from May 28, 2025 and ended on May 30, 2025. The allotment for Scoda Tubes IPO was finalized on Jun 2, 2025. The shares got listed on BSE, NSE on Jun 4, 2025.
- Scoda Tubes IPO price band is set at ₹140.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹13,000 (100 shares). The lot size investment for sNII is 15 lots (1,500 shares), amounting to ₹2,10,000, and for bNII, it is 72 lots (7,200 shares), amounting to ₹10,08,000.