Archive · 2 Jun 2025
Scoda Tubes IPO: Allotment Status and Listing Details
Scoda Tubes, a company that makes stainless steel tubes, had an IPO, which means they sold shares to the public to raise money.
Investors showed a lot of interest, with the IPO being oversubscribed.
The company will use the money to make more tubes and pipes.
If you applied for shares, you can check if you got them on the BSE or through MUFG Intime India.
Successful applicants will get shares in their accounts, and unsuccessful ones will get refunds.
Scoda Tubes finalized share allotment for its IPO on June 2.
Shares are scheduled to be listed on BSE and NSE on June 4.
The IPO was oversubscribed 57 times by investors.
The price band for the IPO was fixed between ₹130 to ₹140 per share.
Funds will be used to expand production and meet working capital needs.
- Who
- Scoda Tubes Ltd, a stainless steel tubes and pipes manufacturer.
- What
- An Initial Public Offering (IPO) of shares.
- When
- Share allotment finalized on June 2, shares listed June 4.
- Where
- BSE and NSE, Mehsana, Gujarat (company based).
- Why
- To expand production capacity and meet working capital needs.
- IPO Size
- ₹220 crore
- Subscription Dates
- May 28-30
- Oversubscribed
- 57 times
- Price Band per Share
- ₹130 to ₹140
- Share Allotment Finalized
- June 2
- Shares Listed
- June 4