Scoda Tubes IPO GMP: Comprehensive Guide for Investors
In the dynamic landscape of Indian IPOs, Scoda Tubes Limited has emerged as a focal point for investors in 2025. As the IPO window opened on May 28, 2025, a surge of interest from retail investors, analysts, and institutional players has been observed towards this stainless steel products manufacturer.
This in-depth, human-written, SEO-rich article delves into every critical aspect of the Scoda Tubes IPOβfrom Grey Market Premium (GMP) to subscription status, company fundamentals, risk analysis, and expert investment verdict. If you’re contemplating an investment, this comprehensive guide will equip you with all the necessary information.
π Table of Contents
- What is the Scoda Tubes IPO?
- Key IPO Details
- Company Overview: Who is Scoda Tubes?
- Product Portfolio and Industry Applications
- Scoda Tubesβ Financial Performance
- Use of IPO Proceeds
- What is Grey Market Premium (GMP)?
- Scoda Tubes IPO GMP Trends: May 28β30, 2025
- Subscription Status Live Update
- Expert Investment Analysis
- Pros and Cons for Investors
- Should You Subscribe?
- Final Verdict
- FAQs
- External References
π§Ύ What is the Scoda Tubes IPO?
Scoda Tubes Limited shall accord the inaugural public equity offering in May 2025.. This IPO is a book-built issue aiming to raise fresh capital primarily for expansion and working capital needs.
π Key IPO Details
- IPO Open Date: May 28, 2025
- IPO Close Date: May 30, 2025
- Issue Type: Book Built
- Total Issue Size: βΉ220 Crore
- Price Band: βΉ130 β βΉ140 per equity share
- Lot Size: 100 shares (minimum)
- Listing Exchange: NSE and BSE
- Lead Managers: Monarch Networth Capital
- Registrar: Link Intime India Pvt Ltd
π’ Company Overview: Who is Scoda Tubes?
Established in the year 2008 in Gujarat, Skoda Tubes is among the leading manufacturers of stainless steel seamless and welded pipes and tubes. Gradually, the company has emerged as a preferred supplier for the following industries:
- Oil & Gas
- Petrochemicals
- Pharmaceuticals
- Power Generation
- Automotive
- Food & Dairy
With clients across India, Europe, and the Middle East, Scoda Tubes is banking on increased industrial demand and infrastructure projects for future growth.
π Product Portfolio and Industry Applications
Key Products:
- Stainless Steel Seamless Tubes
- U-Bend Tubes
- Instrumentation Tubes
- Heat Exchanger Tubes
- Welded Pipes
These products are used in high-pressure, corrosive environments like chemical processing plants and oil rigs, making their quality and standards crucial.
π Financial Performance
Revenue & Profit Trends:
| FY | Revenue (βΉ Cr) | Net Profit (βΉ Cr) |
|---|---|---|
| 2022 | βΉ298.34 Cr | βΉ10.24 Cr |
| 2023 | βΉ350.19 Cr | βΉ15.01 Cr |
| 2024 | βΉ402.49 Cr | βΉ18.30 Cr |
Assets and Liabilities:
- Total Assets (2024): βΉ512 Cr
- Debt (2024): βΉ209 Cr
- Debt/Equity Ratio: 0.9 (Moderate risk)
π¦ Use of IPO Proceeds
Scoda Tubes plans to use the raised funds for:
- Capacity Expansion Projects (βΉ120 Cr)
- Working Capital (βΉ100 Cr)
- General Corporate Purposes (βΉ50 Cr)
- Issue Expenses (βΉ5 Cr)
This clearly shows a growth-centric intent.
πΉ What is Grey Market Premium (GMP)?
GMP is the extra amount investors are willing to pay over the issue price in the unofficial βgrey market.β It gives a hint about expected listing gains but isn’t a guaranteed metric.
π Scoda Tubes IPO GMP Trends: May 28β30, 2025
| Date | GMP (βΉ) | Expected Listing Price |
|---|---|---|
| May 28 | βΉ15 | βΉ155 |
| May 29 | βΉ18 | βΉ158 |
| May 30 | βΉ20 | βΉ160 |
π This suggests a 13-15% premium, indicating healthy demand.
π’ Subscription Status (Live)
As per the latest data:
- Day 1: 2.45x subscription
- Day 2: 5.54x subscription
- Day 3 (Expected): Over 10x full subscription
Category-wise Split:
| Investor Type | Subscription (Day 2) |
|---|---|
| QIBs | 1.95x |
| NIIs | 4.63x |
| Retail | 6.75x |
Strong retail interest shows confidence in the companyβs future.
π§ Expert Investment Analysis
Strengths:
- High demand from critical industries
- Rising export footprint
- Strong historical revenue growth
- Listed peer companies have performed well (e.g., Ratnamani Metals)
Weaknesses:
- High working capital requirements
- Competitive pressure from Chinese manufacturers
- Market volatility risk post-listing
β Pros and Cons for Investors
π Pros
- Attractive valuation compared to peers
- Robust GMP & demand
- Growth-focused fund utilization
- Trusted management team
π Cons
- High debt may restrict agility
- Possible listing volatility
- Dependency on commodity steel prices
π€ Should You Subscribe?
If you are:
- A short-term investor β‘ Likely to see listing gains
- A long-term investor β‘ Watch post-listing performance and quarterly updates
π Final Verdict
Scoda Tubes is shaping up to be one of the most discussed IPOs of 2025. It offers a mix of:
- Solid fundamentals
- Industry relevance
- Export growth potential
- Listing day euphoria via GMP
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