Dalal Street debut today: Will Scoda Tubes stock live up to the hype?
Scoda Tubes is all set to hit the stock market today—Wednesday, June 4—and investors are buzzing. The Ahmedabad-based stainless-steel tubes and pipes manufacturer could see a solid listing, going by the latest grey market premium (GMP) numbers.
Last we heard, Scoda Tubes was commanding a GMP of ₹20 per share in the unofficial market. That’s a 14–15% bump over its IPO price, which was set at ₹130–140 per share. Not bad, right?
Quick Recap: Scoda Tubes IPO Details
- IPO Dates: May 28 to May 30
- Price Band: ₹130–₹140
- Lot Size: 100 shares
- Issue Size: ₹220 crore (entirely fresh issue)
- Total Shares Offered: 1,57,14,286 equity shares
The IPO was a hit with investors. It was subscribed a whopping 53.78 times overall, with QIBs (Qualified Institutional Buyers) booking it 69.51 times, NIIs (Non-Institutional Investors) subscribing 113.03 times, and retail investors showing strong interest at 19.40 times.
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What’s Fueling the Buzz?
The excitement around Scoda Tubes got a boost after Prostarm Info System delivered a better-than-expected listing on Tuesday. That momentum seems to have rubbed off here.
Also, the GMP has held pretty steady—₹18 a day ago, now at ₹20—which usually hints at stable demand in the grey market.
About Scoda Tubes
Founded in 2008, Scoda Tubes makes stainless steel tubes and pipes—both seamless and welded. Their products are marketed under the brand name Scoda Tubes, and they’ve got a manufacturing plant on the Ahmedabad-Mehsana highway in Rajpur.
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The People Behind the Scenes
- Lead Manager: Monarch Networth Capital
- Registrar: MUFG Intime India (Link Intime)
- Listing: BSE & NSE
What to Expect on Listing Day?
If you’re holding shares from the IPO, you could be looking at a decent pop. With the GMP sitting around ₹20 and the IPO priced at the top end (₹140), listing day might bring a sweet 14–15% premium—if market sentiment holds.
But hey, this is the stock market. Things can swing fast. So keep your eyes on the ticker.
Disclaimer:
This article is for informational purposes only and should not be considered as investment advice. Stock market investments are subject to market risks—please do your own research or consult with a financial advisor before making any investment decisions. We do not take responsibility for any losses or profits arising from your investments.
