Around INR 77 crore will be used to enhance the company’s manufacturing capabilities for both seamless and welded tube products while INR 110 crore is planned to address incremental working capital needs, with the balance allocated toward general corporate expenses. 

May 23, 2025

Scoda Tubes has announced an INR 220 crore Initial Public Offering (IPO) scheduled for May 28, 2025. This IPO will comprise entirely of fresh equity issuance, meaning all proceeds will go directly to the company, with no shares being sold by existing stakeholders. Allocation-wise, 50 percent of the issue has been earmarked for qualified institutional buyers (QIBs), 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.

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Proceeds from the IPO will support various strategic initiatives. Around INR 77 crore will be used to enhance the company’s manufacturing capabilities for both seamless and welded tube products. Additionally, INR 110 crore is planned to address incremental working capital needs, with the balance allocated toward general corporate expenses.