Scoda Tubes

Scoda Tubes Ltd, a Gujarat-based manufacturer of stainless-steel tubes and pipes, debuted on Indian stock exchanges at Rs. 140 per share—matching its issue price. The listing followed overwhelming investor interest, with the IPO receiving a subscription rate of 53.78 times. Post-listing, the stock hit its upper circuit on both the BSE and NSE, trading at Rs. 146.95 and Rs. 147 respectively. With a market capitalisation nearing Rs.

Scoda Tubes Ltd., a Gujarat-based manufacturer of stainless-steel tubes and pipes, is set to launch its Rs. 220-crore initial public offering (IPO) later this month. Priced between Rs. 130 and Rs. 140 per share, the offering is structured entirely as a fresh issue of equity shares. The proceeds will be deployed toward capacity expansion, working capital needs, and general corporate expenditures. With a valuation of approximately Rs.