Scoda Tubes’ ₹220 crore IPO, priced between ₹130-140 per share, recorded an overall subscription of 0.86 times by midday on May 28, 2025, with the issue closing today.
The subscription pattern revealed varied investor interest across categories. Qualified Institutional Buyers (QIBs) attracted 31.95 lakh shares against 33.85 lakh offered, achieving 0.94 times subscription. Within this segment, Foreign Institutional Investors bid for 15.72 lakh shares while other categories including domestic financial institutions and mutual funds showed no participation.
Non-Institutional Investors demonstrated weaker demand at 0.69 times subscription, with only 17.41 lakh shares bid against 25.39 lakh available. The high-value segment (above ₹10 lakh) recorded 0.58 times subscription, while the mid-tier segment (₹2-10 lakh) performed better at 0.89 times.
Retail Individual Investors showed relatively stronger interest with 0.88 times subscription, bidding for 52.05 lakh shares against 59.23 lakh offered. Most retail investors opted for cut-off price bids (48.42 lakh shares) rather than specific price bids (3.63 lakh shares).
The IPO is tentatively scheduled to list on June 4, 2025, with Link Intime India serving as the registrar. The lukewarm response suggests cautious investor sentiment toward the steel tube manufacturer’s public offering.
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Published on May 28, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
