Archive · 5 Jun 2025
Scoda Tubes Shares Debut Flat on Dalal Street at ₹140
Scoda Tubes, a company that makes stainless steel tubes, started trading on the stock market.
When the shares were first offered, they were priced at ₹140 each, and that's exactly what they were worth when they started trading.
This was disappointing because people had expected the shares to be worth more.
The company will use the money from selling these shares to make more tubes and to help run the business.
Scoda Tubes makes tubes and pipes for various industries, including oil & gas, power, and pharmaceuticals, and sells them in 16 countries.
Scoda Tubes shares listed flat at the issue price of ₹140 on NSE and BSE.
The IPO was open for bidding from May 28 to May 30.
The company's shares were trading at a premium of ₹20 in the grey market before listing.
The IPO consisted of a fresh issue of 1.57 crore shares.
Proceeds will be used for expanding production capacity and working capital.
- Who
- Scoda Tubes, a stainless steel tubes and pipes maker.
- What
- Shares of Scoda Tubes made a flat listing at par on both NSE and BSE.
- When
- The shares were listed on June 4. The IPO was open for bidding between May 28 and May 30.
- Where
- On Dalal Street.
- Why
- The IPO proceeds will be utilized for expanding production capacity of seamless and welded tubes and pipes, and working capital requirements.
- Listing Price
- ₹140
- Listing Date
- June 4
- IPO Open Dates
- May 28 - May 30
- IPO Type
- Fresh issue
- Shares Offered
- 1.57 crore
- Company Revenue (FY24)
- ₹400 crore