Scoda Tubes IPO GMP & Subscription Update: Scoda Tubes IPO is the buzzword in Dalal Street today, as the Gujarat-based stainless-steel pipes manufacturer closes its ₹220 crore issue with a strong 25.56x overall subscription. With an impressive grey market premium (GMP) of ₹22, rising investor interest, and solid fundamentals, Scoda Tubes has become a hot favourite among retail and institutional investors alike.
Let’s have a look on Scoda Tubes IPO GMP, Subscription and how to apply.
Scoda Tubes IPO GMP & its Trend: Grey Market Premium Signals Strong Listing
The IPO is trading at a GMP of ₹22, with highs recorded at ₹24 in recent sessions. Based on the upper price band:
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Estimated Listing Price: ₹162
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Upside from Issue Price: ~15.7%
This consistent uptrend in GMP over the last week suggests robust investor sentiment and hints at a premium listing.
Scoda Tubes IPO GMP History Snapshot:
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May 23 – ₹10
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May 26 – ₹18
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May 28 – ₹20
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May 30 – ₹24
Also Read: Prostarm Info Systems IPO
IPO Subscription Status: Stellar Demand from All Investor Categories
Scoda Tubes has received a phenomenal response across all categories, with Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) driving the bulk of the demand. Here’s a snapshot of the three-day subscription performance:
| Day | Total Subscription | Retail | NII | QIB |
|---|---|---|---|---|
| Day 1 (May 28) | 2.06x | 3.25x | 1.85x | 0.14x |
| Day 2 (May 29) | 25.56x | 13.74x | 72.80x | 10.80x |
| Day 3 (May 30) | Live till 2 PM | Updating | Updating | Updating |
How to Apply for Scoda Tubes IPO?
Applying for Scoda Tubes IPO today is super easy and can be done in a few minutes using your mobile apps or online trading portals. Here’s how:
Step-by-step Guide:
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Login to your broker account
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Navigate to the IPO section
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Select Scoda Tubes IPO
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Enter quantity (in lots) and bid price (preferably cut-off)
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Submit using UPI ID and approve the mandate request on your UPI app
**Note: The IPO closes today, May 30 at 5 PM. Don’t miss the window!
Company Overview & Peer Valuation: What Makes Scoda Tubes Stand Out?
Scoda Tubes Ltd is engaged in the manufacturing of seamless and welded stainless-steel tubes and pipes. Its products cater to industries like oil & gas, chemicals, power, and fertilizers — sectors expected to benefit from India’s infrastructure push.
Compared to listed peers, the IPO appears attractively priced:
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Ratnamani Metals & Tubes – P/E 31.93x
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Venus Pipes & Tubes – P/E 30.77x
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Suraj Ltd – P/E 34.79x
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Scoda Tubes (Est.) – Competitive in range
At the upper end of the price band ₹140, the company is valued at ₹840 crore — fairly reasonable given its future expansion plans.
Scoda Tubes IPO: Important Dates to Remember
| Event | Date |
|---|---|
| IPO Close | May 30, 2025 |
| Basis of Allotment | June 2, 2025 |
| Refund Initiation | June 3, 2025 |
| Demat Credit | June 3, 2025 |
| Listing Date | June 4, 2025 |
Key Takeaways: Scoda Tubes IPO GMP & Subscription
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Solid 25.56x subscription reflects high demand
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Attractive valuation vs peers
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₹22 GMP suggests healthy listing
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Apply before 5 PM today if interested
If you’re a retail investor looking for listing gains and long-term growth exposure, Scoda Tubes IPO offers a solid opportunity. Its strong order book, scalable operations, and investor appetite are promising signs. However, keep in mind general market conditions and invest only what you can afford to hold through potential volatility.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
