Scoda Tubes IPO

About the company

Incorporated in 2008, Scoda Tubes Limited is one of the leading Indian manufacturers of stainless steel tubes and pipes with over 14 years of experience. It offers seamless and welded products across 5 categories, serving sectors like Oil & Gas, Chemicals, Fertilisers, Power, Pharmaceuticals, Automotive, Railways, and Transportation. To support its manufacturing capabilities, Scoda Tubes operates a hot piercing mill with an annual capacity of 20,000 MT for producing mother hollow, the key raw material for seamless products. Scoda Tubes Limited’s manufacturing facility, located on the Ahmedabad-Mehsana Highway in Gujarat, is 360 km from Mundra Port and 23 km from an Inland Container Depot. As of December 31, 2024, the facility has an annual capacity of 20,000 MT for mother hollow, 10,068 MT for seamless products, and 1,020 MT for welded products, with dedicated storage for raw materials and finished goods. Since 2016, the company has increased its land holdings from 9,429 sq. mtrs. to 69,411 sq. mtrs., including a 21,199 sq. mtrs. operational facility. The additional land secured is designated for future expansion of both seamless and welded product lines. The company caters to both domestic and international markets across sectors like Oil & Gas, Chemicals, Power, and Automotive. It works with 26 stockists, including exclusive partners in Maharashtra (India) and the U.S. and supplies to Europe through stockists in Italy, Germany, Austria, and Eastern Europe. The company has delivered strong financial growth, with revenue from operations increasing from ₹194.03 crore in FY22 to ₹399.86 crore in FY24, registering a 3-year CAGR of 27.26%. For 9MFY25, revenue stood at ₹361.17 crore. EBITDA grew from ₹9.99 crore in FY22 to ₹58.79 crore in FY24, with margins improving from 5.15% to 14.70%. For 9MFY25, EBITDA was ₹60.63 crore, with a margin of 16.79%. (RHP Pg No. 192-194) The domestic stainless-steel industry has shown strong growth, with demand rising at a CAGR of around 8% between FY22 and FY24. After a 12% dip in FY21 due to the pandemic, demand rebounded sharply by 27% in FY22, driven by a revival in consumer demand and increased government spending on infrastructure.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   28 May 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   30 May 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Jun 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   03 Jun 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   03 Jun 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   04 Jun 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.