Scoda Tubes IPO Opeing on Wednesday 28 May 2025, and closing on dated Friday 30, may 2025
Scoda Tubes Limited IPO – Key Details in Simple Words
Scoda Tubes Limited is a well-established manufacturer of stainless steel tubes and pipes, with over 14 years of experience in the industry. The company is now coming out with an IPO (Initial Public Offering), which is a fresh issue of shares — meaning all the funds raised will go directly to the company for its future plans.
How will the company use the IPO money?
The money raised through the IPO will be used for:
- Expanding its production capacity
- Meeting increased working capital needs
- General corporate purposes
Table of Contents
Important Dates:
- IPO Open Date: May 28, 2025
- IPO Close Date: May 30, 2025
- Allotment Date (Expected): June 2, 2025 (Monday)
- Listing Date (Tentative): June 4, 2025 (Wednesday) on BSE and NSE
This IPO is a chance for investors to participate in a growing company that serves both domestic and international demand for high-quality stainless steel tubes and pipes.
The company manufactures two main categories of products:
- Seamless tubes and pipes
- Welded tubes and pipes
These categories are further segmented into the following five product lines:
- Seamless stainless steel pipes
- Seamless stainless steel tubes
- Seamless stainless steel “U” tubes
- Stainless steel instrumentation tubes
Details of Scoda Tubes IPO
Scoda Tubes IPO opens on May 28, 2025 and closes on May 30, 2025.
| Face Value | Rs 10 per share |
| Lot size | 100 shares |
| Issue price band | Rs 130-140 per share |
| Total issue size | Rs 220 Cr |
| Fresh issue | Rs 220 Cr |
Investment Limits:
- Minimum investment: ₹14,000 (1 lot = 100 shares at ₹140 each)
- Maximum investment for retail investors: ₹1,96,000 (14 lots)
Listing Date: The company’s shares are expected to be listed on the stock exchange on 4th June 2025
Scoda Tubes Limited company Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 428.49 | 330.42 | 238.26 | 156.06 |
| Revenue | 363.48 | 402.49 | 307.79 | 195.05 |
| Profit After Tax | 24.91 | 18.30 | 10.34 | 1.64 |
| 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 |
Scoda Tubes IPO Review: A Best Opportunity for Long-Term Investors
The company stands out for its technical expertise, backward integration, and strong global certifications, all of which strengthen its presence in the niche precision stainless steel manufacturing sector. Its product portfolio, especially in seamless stainless steel, caters to high-margin segments and is well-aligned with broader industrial and infrastructure growth trends both in India and globally.
From a financial perspective, the IPO is priced at the upper band of ₹140 per share, valuing the company at a P/E of 30.43x and P/B of 8.76x based on FY24 earnings—figures that are quite reasonable when compared to industry averages (P/E ~31.96x and P/B ~9.56x). This suggests that the valuation is in line with peers, without being overly aggressive.
Positive Factors:
- Rising exports indicate global demand for Scoda’s offerings.
- Focus on seamless products supports higher profitability.
- Expansion is supported by tangible assets, ensuring financial stability.
- The company is positioned well to benefit from the ongoing push for infrastructure and industrial growth in India.
Key Concerns:
- Cash flow efficiency could be improved.
- The business has a degree of dependency on a few key distributors.
Despite these concerns, Scoda Tubes’ consistent profitability, clear growth strategy, and sector tailwinds present a solid opportunity for investors looking to be part of India’s growing precision engineering and export-driven manufacturing story.