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Issue Open Date
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28-May-25
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Issue Closing Date
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30-May-25
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Application Money
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100
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Allotment Money
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Price Band
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130
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140
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Minimium Application No.
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100
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Issue Size (Shares)
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11846169
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Market Lot
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1
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Objective
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Our Company proposes to utilise the Net Proceeds from the Issue towards the following objects:1. Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes;2. Funding the part incremental working capital requirements of our Company;3. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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2538500
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286925600
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113.029584400236
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Qualified Institutional Buyers
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3384569
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235259000
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69.5092935023632
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Retail Individual Investors
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5923100
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114934300
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19.4044166061691
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Business Description
We are a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience . Ourproducts are broadly categorised into: (i) seamless tubes/pipes; and (ii) welded tubes and pipes, under five (5)product lines, namely, (i) stainless steel seamless pipes; (ii) stainless steel seamless tubes; (iii) stainless steelseamless “U” tubes; (iv) stainless steel instrumentation tubes; and (v) stainless steel welded tubes and “U” tubes(“Products” or “Stainless Steel Products”). We market our Products under the brand, “Scoda Tubes Limited”.Our Products are used by a diverse range of customers like engineering companies, EPC and industrial companiesengaged in Oil and Gas, Chemicals, Fertilisers, Power, Pharmaceuticals, Automotive, Railways andTransportation sectors. In addition, we operate a hot piercing mill for the production of mother hollow, which isthe principal raw material for our stainless-steel seamless products. Currently, our hot piercing mill has aproduction capacity of 20,000 MT per annum. Our ability to produce our principal raw material enables us toachieve backward integration of our seamless products’ processes, allowing us to control our production costs andreduce reliance on suppliers. Currently, any quantities of mother hollow in excess of our captive consumption aresold in the open market.
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Promoter's Holding
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Total Share Capital
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39794700
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Offered to Public
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11846169
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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66.43
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Address |
Survey No.1556/1
Village Rajpur
Kadi
Mehsana
Ahmedabad,
Gujarat,
382740
Phone : 027 64278278
Email : cs@scodatubes.com
Website : www.scodatubes.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Monarch Networth Capital Ltd.
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Promoters |
Jagrutkumar Patel
Ravi Patel
Samarth Patel
Saurabh Patel
Vipulkumar Patel
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