About Scoda Tubes
Incorporated in 2008, Scoda Tubes is an Indian manufacturer of stainless-steel seamless and welded tubes and pipes, catering to sectors such as oil and gas, power, chemicals, and transportation. The company’s five product lines are marketed under its own brand and are backed by in-house manufacturing capabilities, including a hot piercing mill with backward integration. Scoda exports to 16 countries and serves 49 stockists globally, with certifications including ISO 9001:2015, PED 2014/68/EU, and DNV. Strategically located near major ports, Scoda’s established client base includes engineering and EPC firms across domestic and international markets.
IPO schedule
| Issue Open date |
2025-05-28 |
| Issue close date |
2025-05-30 |
| Price band |
130 to 140 |
| Minimum Bid quantity |
100 |
| UPI Mandate Deadline |
2025-05-30 (5 PM) |
| Allotment Finalization |
2025-06-02 |
| Refund Initiation |
2025-06-03 |
| Share Credit |
2025-06-03 |
| Listing Date |
2025-06-04 |
| Mandate end date |
2025-06-14 |
| Lock-In End Date for Anchor Investors (50%) |
2025-07-02 |
| Lock-In End Date for Anchor Investors (Remaining) |
2025-08-31 |
Financials
| Financial Year Ended |
March 2022 |
March 2023 |
March 2024 |
| Total Assets |
156.06 |
238.26 |
330.42 |
| Revenue |
195.05 |
307.79 |
402.49 |
| Profit After Tax |
1.64 |
10.34 |
18.3 |
*All figures are in ₹ Crores.
Issue size
| Funds to be Raised in the IPO |
Amount |
| Overall |
₹220 crores |
| Fresh Issue |
₹220 crores |
The utilisation of proceeds:
| Purpose |
INR crores (%) |
| Capital expenditure |
76.9 (35%) |
| Working capital requirements |
110 (50%) |
| General corporate purposes |
33 (15%) |
Strengths
- Specialised focus on value-added stainless-steel long products
- Strong global accreditations and industry certifications
- Well-diversified international customer portfolio
- Strategically located integrated manufacturing facility
- Robust quality control with minimal rejection rates
- Steady financial growth with ongoing capacity expansion
Risks
- Dependence on limited stockist network for sales and distribution
- Risk of termination or underperformance by exclusive stockists
- Exposure to recall of unsecured loans by lenders at any time
- Potential cash flow strain due to sudden loan repayments
- Reliance on third-party logistics for product and raw material transport
- Adverse impact from logistics delays or rising transportation costs
- Vulnerability to theft, accidents, or loss of goods in transit
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