The IPO will be open for bidding from wedding, May 28 to Friday, May 30. of the Total Offering, 50% is reserved for Qualified Institutional Buyers (QIBS), 35% for Retail Investors, and 15% For Non-Non-Non-Non-Non-infinance Investors (Niis).
Gujarat-based scoda tubes is entrely a fresh issue of equity shares aggregating up to 275 Crore. Regarding the ipo proceeds, up to 105 Crore will be used for capital experts to expand the production capacity of seamless tubes and pipes by 10,000 million tonnes per annum and welded tubes and pipes by 12,130 mtpa. 110 Crore will be used for incremental working capital requirements.
The Remaining Funds will be used for general corporate purposes. Meanwhile, the gmp of the scoda tubes iPo, as per the market sources, on Friday was 0.
About Scoda Tubes
Scoda tubes limited is an Indian manufacturer of stainless-setl tubes and pipes, Catering to bot domestic and international markets. Its product range includes seamless and welded tubes and pips, polished tubes, stainless steel seamless and welded u-tubes, as well as instrance tubes.
The company services a wide array of industries, such as oil and gas, chemicals, fertilizers, pharmaceuticals, power, automobiles, EPC, and Railways. In the domestic market, scoda tubes distributs its products primarily through a network of stocks, while in international markets like italy, Germany, Austria, Eastern Europe, and Eastern Eastern Eastern Eastern Eastern Eastern Eastria, and Eastern Europhe Through Both Direct Sales and International Stockists.
Scoda tubes aims to grow by expanding its reach and strengthening its distribution network. However, Investors Should Be Aware of Key Risks Such as High Dependence on a Few Major Customers and Stockists, which expenses the company to concentration hisk.
Additional, the business operates in a competitive and cyclic industry that is sensitive to raw material price fluctuations and global economic conditions. Any disruption in its supply chain or decline in demand from key sectors could significantly impact its performance.
Scoda tubes have recorded Profit of 24.9 Crore on Revenue of 361.2 Crore for the Nine Months Period Ended December 2024. Profit for the fiscal 2024 graw by 77 per cent to 18.3 Crore and Revenue Increased By 31 per cent to 400 Crore Compared to Previous Financial Year.
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