New Delhi: The Initial Public Offering (IPO) of India’s leading stainless steel tube manufacturer Scoda Tubes Ltd. was recently concluded and received tremendous support from investors. In a span of just three days, the issue received a very good response from all categories of investors, making it a much talked about IPO.
IPO Key Details:
IPO Opening Date: May 28, 2025
IPO Closing Date: May 30, 2025
Price Band: ₹137 – ₹140 per share
Lot Size: 100 Shares
Issue Size: ₹220 Crore
Face Value: ₹10 per share
Listing Date (Expected): June 4, 2025
Tremendous subscription figures:
- Skoda Tubes IPO saw tremendous interest from investors as soon as it opened.
- Total subscription: 57.37 times
- Retail investors: 20.89 times
- HNI (non-institutional): 121.72 times
- QIB (institutional): 72.97 times
These figures clearly show that investors have expressed confidence in the company’s financial position and future prospects.
Read More….https://ipohubindia.com/issue-size-of-physics-wallah-ipo-complete-details/
Company Profile:
Skoda Tubes Limited is specialized in the manufacturing of stainless steel tubes and pipes. These products are used in key sectors such as oil and gas, chemicals, energy, automotive and pharmaceuticals.
The company’s export network extends to 16 countries, prominent among them being the US, Europe and the Middle East.Skoda Tubes has emerged as a strong brand in its industry, due to which investors see future growth in this IPO.
What does Grey Market Premium (GMP) say?
Skoda Tubes shares also witnessed a lot of buzz in the grey market before and during the IPO. The GMP (Grey Market Premium) remains at ₹20 to ₹25, which indicates a listing gain potential of around 15-18% against the upper price band of ₹137.
However, experts also believe that GMP is based on market sentiment and is not a guarantee of final performance.
Objective of IPO:
The company will use the capital raised from this IPO for the following purposes:
- Meeting working capital requirements
- Increasing production capacity
- Paying off debt
- For general corporate purposes
Why did Skoda Tubes become a topic of discussion?
- Jobs in the Specialty Manufacturing Sector – Demand for Stainless Tubes is Growing in the Indian Market
2. Export based business – Investors prefer companies that earn in dollars
3. Clean balance sheet – low debt and good cash flow
4. Smaller size of IPO – This makes it more likely that there will be more demand upon listing
Advice for investors:
Looking at the oversubscription in the IPO, it is clear that investors have expressed confidence in this company. If you have applied, you can check your IPO Allotment Status on 2 June 2025 on the website of Link Intime or on the official site of BSE.