Scoda tubes is a manufacturer of stainless-setl tubes and pipes, serving a wide array of clients including engineering, procurement, and construction (EPC) FIMMS, as well assistant in the Oil and gas, chemicals, fertilizers, and power sector.
The company markets its products under the brand name “Scoda tubes limited.” Their offerings are utilized by various customers, such as engineering firms, EPC contractors, and Industries involved in oil and gas, chemicals, fertilizers, power, chemicals, fertilizers, power, pharmacals, pharmaaceutials, utomotivite, Railways, and transportation. Additional, the company operates a hot piercing lal that produces mother hollows, which serve as the key raw material for their stainless-setl seamless products. At present, their hot piercing mill has an annual production capacity of 20,000 metric tons.
The company has a single manufacturing facility that is strategically satuated on the ahmedabad-mehsana highway in Rajpur, Kadi, Mehsana, Gujarat.
As per the Red Herring Prospectus (RHP), The company’s listed peers are ratnamani metals & tubes (with a p/e of 31.93), venus pipes & tubes (with a p/e of 30.77) (With a P/e of 27.15), and Suraj (with a P/E of 34.79).
Scoda Tubes iPo Gmp Today
Scoda Tubes iPo Gmp Today is +18. This indicates scoda tubes share price was trading at a premium of 18 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of scoda tubes share price is indicated at 158 Apiece, which is 12.86% higher than the IPO price of 140.
According to the green market activities observed over the last four sessions, today’s iPO GMP is trending upwards and is anticipated to have a strong listing. The minimum gmp recorded is 16.00, whereas the maximum gmp is 18, as per the experts at investment.com.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Scoda Tubes iPo Details
Scoda Tubes IPO CONSISTS SOLELY OF A New Issuance of Equity Shares, Totaling Up to 220 Crore, without any component for an offer for sale (ofs).
The funds raised from this issue will be allocated to increase the production capacity for seamless and welded tubes and pipps, meeting working capital needs, and covers, general corporate expected.
Monarch Networth Capital Ltd Serves as the Book-Running Lead Manager for the Scoda Tubes IPO, while mufg intimate India private limited (Link intimate) is designed as the registrar for the registration.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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