Scoda Tubes iPo Listing Tomorrow: Here’s What Gmp, Subscription Status, Hint Ahead of Debut

Scoda tubes iPo Listing Date has been Scheduled for Tomorrow (Wednsday, June 4). Scoda tubes iPo allotment was finalized yesterday (Monday, June 2). For there who have been allocated shares, the creediting of shares to demat accounts will Occur Today, TUESDAY, June 3. The process of refunding that those those who have not yet Receives Today.

The Initial Public Offer of Stainless-Steel Tubes and Pipes Manufacturer SCODA TUBES Opened on Wednsday, May 28, and Ended on Friday, May 30. By the conclusion of the conclusion of the conclusation, the conclrony Response, Particularly from Non-Instetrational Investors (NIIS) Who subscribed 113.03 times, Followed by Qualified Institutional Buyers (QIBS) at 69.51 times. Retail investors showed a subscription rate of 19.39 times. Notable, on the third day of the IPO, the scoda tubes IPO subscription status studs at 53.78 times.

Scoda Tubes Specializes in the production of stainless-setl tubes and pips, serving a wide array of clients, involuding EPC and Industrial Firms Involved in Sectors Such as oil and Gas, Chemist, Fertilizers, and power. Scoda tubes iPo price band was set between 130 and 140 per share. The company secured 66 Crore from its anchor investors.

Scoda Tubes iPo Gmp Today

Let’s check what does scoda tubes iPo Gmp Today Signal Ahead of Listing.

SCODA TUBES IPO GMP Today is +18.5. This indicates scoda tubes share price is trading at a premium of 18.5 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 158.5 Apiece, which is 13.21% higher than the IPO price of 140.

According to the green market trends from the past 12 sessions, the current gmp ( 18.5) Indicates a downward movement. The lowest gmp recorded is 16.00, whereas the highest is 22, as per the experts at investorgain.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 offer for sale (ofs) element.

The funds raised from this issue will be allocated towards increasing the production capacity of seamless and welded tubes and pipes, meeting working capital needs, and for general corporates.

Monarch Networth Capital Serves as the Lead Manager for the IPO’s Book-Running Process.

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