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Scoda Tubes IPO
Price Band
₹130.0–140.0
Issue Size
₹220.0 Cr
Lot Size
100 shares
Min Investment
₹14,000
GMP
+₹20.0 (14.29%)
Issue Price
₹140.0
Subject to Sauda
₹1500
Paid only if allotted
Scoda Tubes IPO AI Summary
- Scoda Tubes IPO is listed on BSE, NSE in the Iron & Steel Products sector.
- Price band: ₹130.0–₹140.0 per share, lot size 100 shares (min. investment ₹14,000).
- Subscription window: 28 May–30 May 2025, listing on 04 Jun 2025.
- Current GMP is +₹20.0 (14.29%), an estimated listing price of ₹160 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Scoda Tubes IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 May 2025 — not a current signal.
3 of 5 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Scoda Tubes IPO Grey Market Premium (GMP) Today
GMP
+₹20.0
GMP %
+14.29%
Est. Listing
₹160.0
Updated: 25 Jul 2026 14:15
About the Company
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
Company Financials (₹ Cr)
As of 2024-12-31
| 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 |
Key Ratios
EPS
₹4.14
NAV
₹15.99
ROE
28.77%
ROCE
15.92%
RoNW
28.77%
P/B Value
8.76
P/E Ratio
33.81
Market Cap
₹838.73 Cr
PAT Margin
4.58%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Suraj Limited | 66.74 | 17.57% | 34.79 | 11.72 | 11.72 |
| Welspun Specialty Solutions Ltd | 1.76 | 67.11% | 27.15 | 1.18 | 1.18 |
| Venus Pipes & Tubes Limited | 200.05 | 21.17% | 30.77 | 42.36 | 42.36 |
| Ratnamani Metals & Tubes Ltd. | 448.07 | 19.9% | 31.93 | 89.18 | 89.18 |
| Scoda Tubes Limited This IPO | 15.99 | 28.77% | — | 4.6 | 4.6 |
Promoters
Samarth Patel, Jagrutkumar Patel, Ravi Patel, Saurabh Patel and Vipulkumar Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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 13.74 4 Issue Expenses 21.14 Total 221.87
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹195.05 Cr in the fiscal year ending 31 Mar 2022, increasing to ₹307.79 Cr by 31 Mar 2023, then rising further to ₹402.49 Cr by 31 Mar 2024. However, the most recent figure of ₹363.48 Cr as of 31 Dec 2024 is not directly comparable since it represents a 9-month period.
Profit Trend
Profit After Tax was ₹1.64 Cr for the fiscal year ending 31 Mar 2022, increasing to ₹10.34 Cr by 31 Mar 2023. This rose to ₹18.30 Cr for the fiscal year ending 31 Mar 2024, and further increased to ₹24.91 Cr as of 31 Dec 2024. Again, the latest figure is for a 9-month period and isn't directly comparable to the full fiscal years.
Valuation
Scoda Tubes Limited has an EPS of ₹4.14, which implies a P/E ratio of approximately 33.81 at the issue price. This is priced at roughly 33.81 trailing earnings, compared to peers trading at a P/E range of 27.15 to 34.79.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of the IPO in the stock market compared to its issue price. A positive GMP suggests that the shares are likely to list at a premium, while a negative GMP indicates the opposite. Investors often use GMP as a gauge of market sentiment towards an IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's growth potential and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO. Individuals looking for guaranteed returns or those unfamiliar with the iron and steel sector should also be cautious.
IPO Timeline, Explained
The IPO opens for subscription on May 28, 2025, and closes on May 30, 2025. Allotment of shares will be done on June 2, 2025, and the shares are expected to be listed on the stock exchange on June 4, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a significant rise in share price on their first day of trading, others may not perform as well. Investors should be aware that market conditions, investor sentiment, and overall demand can influence listing prices.
This evaluation is generated from Scoda Tubes's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Scoda Tubes IPO GMP today?
Scoda Tubes IPO GMP today is +₹20.0 (14.29%), indicating an estimated listing price of ₹160. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Scoda Tubes IPO?
The price band of Scoda Tubes IPO is ₹130.0–₹140.0 per share.
When does Scoda Tubes IPO open and close?
Scoda Tubes IPO opens on 28 May 2025 and closes on 30 May 2025.
When does Scoda Tubes IPO list on the stock exchange?
Scoda Tubes IPO listed on 04 June 2025 at ₹160.0.
What is the lot size for Scoda Tubes IPO?
The lot size for Scoda Tubes IPO is 100 shares, requiring a minimum investment of ₹14,000.
What is the price band for the Scoda Tubes IPO?
The price band for the Scoda Tubes IPO is ₹130 to ₹140.
What is the minimum investment required?
The minimum investment required is ₹14,000.
What is the lot size for the IPO?
The lot size for the IPO is 100 shares.
When is the listing date for Scoda Tubes?
The listing date for Scoda Tubes is June 4, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO in the stock market compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 May 2025
Close
30 May 2025
Allotment
02 Jun 2025
Listing
04 Jun 2025
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