Scoda Tubes IPO Opens on May 28
Bengaluru: Scoda Tubes Limited’s ₹220 crore Initial Public Offering (IPO) is set to open on Wednesday, May 28, 2025, and will close on Friday, May 30, 2025. Here are the key details:
IPO Details
- Price Band: ₹130 to ₹140 per equity share
- Face Value: ₹10 per equity share
- Lot Size: 100 equity shares and in multiples of 100 thereafter
- Issue Size: ₹220 crore, comprising only a fresh issue of equity shares
Important Dates
- Anchor Investor Bidding Date: Tuesday, May 27, 2025
- IPO Opening Date: Wednesday, May 28, 2025
- IPO Closing Date: Friday, May 30, 2025
- Basis of Allotment: Monday, June 2, 2025
- Refunds/Unblocking: Tuesday, June 3, 2025
- Listing Date: Wednesday, June 4, 2025
Use of Proceeds
- Expansion of Production Capacity: ₹769.90 million (₹76.99 crore) for expanding production capacity of seamless and welded tubes and pipes
- Working Capital Requirements: ₹1,100 million (₹110 crore) for funding part incremental working capital requirements
- General Corporate Purposes: Remaining amount
Listing and Allocation
- Listing: BSE Limited (BSE) and National Stock Exchange of India Limited (NSE)
- Allocation: Not more than 50% of the issue to Qualified Institutional Buyers (QIBs), not less than 15% to Non-Institutional Bidders, and not less than 35% to Retail Individual Bidders ¹ ² ³.
