Scoda IPO Tubes: Initial offering public (IPO) to stainless-steel tubes and tube scoda manufacturers subscribed to 53.78 hours on the last day of bidding on Friday. According to NSE data, IPO received bids for 63,70,52,700 parts against 1,18,46,46,46,46,16,16,16,169 aspects of offer.
Institutional non-institutional category sees strong interest with 113.03 subscription times, while the part reserved for the qualified institutional buyers (qibs) subscribed to 69.51 times. Part of Retail (RIIS) raiders reached 19.39 hours more bids than parts available.
Scoda Tubes Ipo Day 2: Subscription Status
On the second day of bidding, Thursday, May 29, the IPO was subscribed 8.11 times overall, with a total of 9,61,29,600 bids received against 1,18,46,169 shares on offer, according to BSE data. Eligible institutional buyers (qibs) apply for 65,46,000 parts against 33,84,569 available, while retails individual investors (Riiss) part of 692,14,100,100.
Scoda Tubs: Anchor Investor Details and Io
Before starting the shake sales on Tuesday, Scoda tubes generated Rs 66 crore from rural investors, showing strong confidence in the company.
The IPO price band placed between Rs 130 and Rs 140 per part. Capital Monarch Networth is appointed that the book running in lead manager (BRLM) for the issue. This is a recent equity issue worth Rs 220 crore, which means that the company has raised new funds and not including any parts offered.
How to use IPO funds?
Money grown use to expand production capacity for seamless and welded tubes and tubes, meet job capital requirements.
About scoda tubes
The built in 2008, Scoda tubes make stainless steel without seamless and welded tubes. Their products are used in many industries such as oil and gas, chemical, power, metals, and pharmacists. The company is based in Mehsana, Gujarat, and has its own hot mill piercing as part of its production process. It exports products to 11 countries, and export contributes some 28 percent of the total income in the first nine months of year financial year in its financial year’s financial year
Finance, Scoda Tubes income has many Rs 194 crore to FY22 to Rs 400 crore at FY24. Its profit after tax increases from Rs 1.63 crore to FY22 to Rs 18.3 crore at FY24. The company’s ritsda, showing its surgical efficiency, progressed from 5.15 percent of FY22 to 14.7 percent of FY24. Back to Equity (Roe), profit steps compared to shareholder investment, a healthy 28.77 percent.
However, the company has some concerns. Despite the profits, the operating cash flow is just the crore crore at FY24. Also, it depends on some stockists for India’s sales and abroad, dangerous. Finally, the company plans to expand the capacity of its pipeline tubes even if current levels of use are still less.
