Scoda Tubes IPO: Strong Subscription, GMP Trends & Investor Sentiment

Scoda Tubes Limited, a leading stainless-steel pipe manufacturer, has opened its IPO for bidding from May 28 to May 30, 2025. The company aims to raise ₹220 crore through a fresh issue of 1.57 crore equity shares. Investors are closely watching the grey market premium (GMP), which currently stands at ₹18 per share, indicating a potential listing price of ₹158.

Scoda Tubes IPO Subscription & Market Response

On Day 1, the IPO was subscribed 1.48 times overall, with strong participation across investor categories:

• Retail Investors: 1.47 times
• Qualified Institutional Buyers (QIBs): 1.48 times
• Non-Institutional Investors (NIIs): 1.50 times

The IPO is being managed by Monarch Networth Capital, with MUFG Intime India serving as the registrar. The shares are set to be listed on both BSE and NSE, with a tentative listing date of June 4, 2025.

Grey Market Premium (GMP) Trends

The GMP for Scoda Tubes IPO has fluctuated in recent days, currently standing at ₹18 per share. This suggests a potential listing price of ₹158, reflecting a 12.86% premium over the issue price. However, investors should note that GMP values are speculative and can change based on market sentiment.

Company Overview & Growth Prospects

Founded in 2011, Scoda Tubes specializes in manufacturing stainless-steel pipes and tubes for industries such as oil & gas, chemicals, power, and automobiles. The company has demonstrated impressive financial growth, with revenue and net profit increasing at 43.6% and 234.5% CAGR, respectively, between FY22 and FY24.

Brokerage Views & Investment Recommendations

Leading brokerages have expressed positive sentiment toward the IPO:

• Deven Choksey Research: Assigned a “Subscribe” rating for listing gains, citing strong financials and competitive pricing.
• Anand Rathi Research: Recommended “Subscribe for long-term”, highlighting Scoda Tubes’ backward integration strategy and operational efficiency.

Conclusion

Scoda Tubes IPO has garnered strong investor interest, with promising subscription numbers and a stable GMP. While market volatility may impact listing performance, the company’s robust financials and strategic positioning make it an attractive investment.

Read – Belrise Industries’ Market Debut