Scoda Tubes Share Price Update: Stock ends at ₹147 apiece on NSE, 5% premium to IPO price

Scoda Tubes Share Price Update: Scoda Tubes share price jumped 5% after making a flat debut in the Indian stock market today. Scoda Tubes shares were listed at ₹140 apiece, which is at par against its issue price of ₹140 per share on the NSE and BSE. The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer, Scoda Tubes was launched on May 28. Scoda Tubes IPO listing date was today, 4 June 2025.

Scoda Tubes share price ended listing day at ₹147 on NSE, a 5% premium to the IPO price of ₹140, and at ₹146.95 on BSE, a 4.96% premium.

Scoda Tubes shares are available on both the stock exchanges, BSE and NSE. The stock is trading on the BSE as part of the ‘T’ Group of Securities. For the first ten trading days, Scoda Tubes shares will be classified within the Trade-for-Trade segment.

Scoda Tubes IPO price band was fixed at ₹130-140 per share, for a total issue size of ₹220 crore. The IPO consisted solely of a fresh issue of equity shares amounting to ₹220 crore, and it did not include any offer for sale (OFS) component.

Fifty percent of the total issue has been allocated for qualified institutional buyers, while 35 percent is designated for retail investors, and the remaining 15 percent is for non-institutional investors.

The company specializes in manufacturing stainless-steel tubes and pipes, serving a wide array of clients including EPC and industrial firms involved in sectors such as oil and gas, chemicals, fertilizers, and power.

Scoda Tubes Share Price Update: Stock ends at ₹147 apiece on NSE

Scoda Tubes share price ended listing day at ₹147 on NSE, a 5% premium to the IPO price of ₹140, and at ₹146.95 on BSE, a 4.96% premium.

Scoda Tubes Share Price Live: Growth Drivers

1. Capacity expansion of Seamless & Welded products from existing 10,068 MT/annum & 1,020 MT/annum to 20,068 MT/annum & 13,150 MT/annum, which are likely to be commissioned in 4QFY26. 

2. The company owns land measuring 63,246 sq mt, of which 15,034 sq mt is utilised, while the balance 10,669 sq mt/30,064 sq mt is reserved for Seamless products and Welded products capacity expansion.

Scoda Tubes Share Price Live: All you need to know about manufacturing facility

The company operates a single manufacturing plant on the Ahmedabad-Mehsana Highway in Kadi, Gujarat, just 360 km from Mundra port and 23 km from the Inland Container Depot, ensuring excellent connectivity and reduced logistics costs.

Scoda Tubes Share Price Live: Post listing views

Scoda Tubes is currently valued at a price-to-earnings (P/E) ratio of 30.43x and a price-to-book (P/B) ratio of 8.76x based on FY24 financials—broadly in line with industry peers.

Mahesh M Ojha, AVP – Research and Business Development at Hensex Securities Pvt Ltd, suggests a more patient approach. “Investors who were allotted shares during the IPO may consider holding Scoda Tubes for the medium to long term,” he said.

Scoda Tubes Share Price Live: Check out Arun Kejriwal's views

Arun Kejriwal, founder of Kejriwal Research and Investment Services, said that we experienced a different kind of listing where the issue was oversubscribed and the share list flat. After listing flat, the shares fell and presently it's locked in a 5% upper circuit. So this clearly shows very poor screen management, and this is a wake-up call for investors who apply in IPO, looking at the grey market. So the message to investors is that the grey market premium has a 'nasty habit of disappearing'. So here again, listing was poor, all the euphoria during listing has disappeared, and the object of the issue is capex, which is medium to long term; the impact of the capex will happen only in 12 months. So it's a long way off before you start seeing results. Look at the performance tomorrow and book whatever profits are available tomorrow.

Scoda Tubes Share Price Live: Listed Peers

The company's listed peers are Ratnamani Metals & Tubes Limited, Venus Pipes & Tubes Limited, Welspun Specialty Solutions Limited, and Suraj Limited.

 Scoda Tubes Share Price Live: Key risks 

1. They rely on stockists, including exclusive ones in Maharashtra and the US, for selling their stainless-steel tubes and pipes. Termination or underperformance by them could negatively impact their business and financials.
2. Capital expenditure is being used for welded pipes despite low-capacity utilisation rate and may not result in increase in revenue from operations.

Scoda Tubes Share Price Live: Check out Canara Bank Securities views 

"At the upper price band of ₹140, Scoda is valued at a P/E of 30.43x and a P/B of 8.76x on FY24 basis, reasonably in line with industry peers (~31.96x P/E and ~9.56x P/B). While concerns around cash flow efficiency and dependency on key distributors remain, its consistent profitability, asset-backed expansion, and sector tailwinds make it an attractive proposition.

We recommend SUBSCRIBE for long-term investors seeking exposure to India’s precision engineering and export-oriented manufacturing ecosystem," said the brokerage. 

Scoda Tubes Share Price Live: Stock Check 

The stock was trading at ₹147 per share on NSE, hitting 5% upper circuit at 10:39 IST, and at ₹146.95 per share on BSE, locked in 5% upper circuit.

Scoda Tubes Share Price Live: Stock makes a quiet debut

Scoda Tube made a listless stock market debut, with its shares listed at par against its issue price of ₹140 per share on the NSE and BSE on Wednesday.

Scoda Tubes Share Price Live: Scoda Tubes IPO subscription status

The initial public offer of Scoda Tubes IPO has been subscribed 53.78 times on the third day of subscription, as per BSE data.

The initial share sale received bids for 63,71,18,900 shares against 1,18,46,169 shares on offer, as on 19:00 IST, according to BSE.

The portion for retail investors received 19.40 times subscription while the quota for non-institutional investors subscribed 113.03 times to the issue. The qualified institutional buyers (QIBs) portion has been booked 69.51 times.

Scoda Tubes Share Price Live: Scoda Tubes IPO details

Scoda Tubes IPO from the Gujarat-based company involves a complete fresh issue of equity shares totaling up to ₹220 crore, with no offer for sale (OFS) component included.

The funds raised through this issue will primarily be allocated towards expanding the production capacity for seamless and welded tubes and pipes, meeting working capital needs, and addressing general corporate purposes.

Monarch Networth Capital is serving as the book-running lead manager for this IPO.

Scoda Tubes Share Price Live: Expert Views

"Scoda Tubes Ltd. is a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience , The industry forecast indicates healthy growth for the Indian SS pipes and tubes which is projected to expand at a CAGR of 6% - 8% for the FY24-FY29E period.

Scoda is valued at a P/E of 30.43x and a P/B of 8.76x on FY24 basis reasonably in line with industry peers, we are Expecting 10-12% Listing Gain and IPO Allottee Investor can hold medium to long term," said Mahesh M Ojha, AVP Research and Business development, Hensex Securities Pvt Ltd.

Scoda Tubes Share Price Live: Scoda Tubes IPO GMP today

Scoda Tubes IPO GMP today is +20. This indicates Scoda Tubes share price is trading at a premium of ₹20 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Scoda Tubes share price is indicated at ₹160 apiece, which is 14.29% higher than the IPO price of ₹140.

According to the grey market activities from the last 13 sessions, the IPO GMP is currently on an upward trend, indicating a promising listing. The minimum GMP recorded is ₹16.00, whereas the maximum GMP stands at ₹22, as per experts at investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.