Scoda Tubes IPO allotment: Here’s how to check status, listing details, and GMP

The allotment for Scoda Tubes’ Rs 220 crore IPO will be finalised today. Investors who participated in the issue, open from May 28 to May 30, can now check their allotment status online through the registrar Link Intime or the BSE portal.

The IPO saw overwhelming demand across investor categories, with an overall subscription of 57.37 times. Qualified institutional buyers (QIBs) led the way with 72.97 times subscription, while high-net-worth individuals (HNIs) and retail investors followed with 121.72 times and 20.89 times, respectively.

The intense oversubscription across segments indicates strong institutional and retail interest in the stainless steel manufacturer.

Shares are expected to be credited to the demat accounts of successful bidders by June 3, while refunds for unallocated applicants will be processed on the same day. The stock is slated to list on June 4 on both NSE and BSE. With a GMP hovering close to the issue price, all eyes are now on Scoda’s listing day performance.

How to Check Scoda Tubes IPO Allotment Status:

Through Link Intime

Visit: https://www.linkintime.co.in/IPO/public-issues.html

Select ‘Scoda Tubes’

Enter PAN, application number, or DP/Client ID

Click ‘Search’ to view allotment status

Through BSE website:

Visit: https://www.bseindia.com/investors/appli_check.aspx

Select ‘Equity’ and then ‘Scoda Tubes’

Enter PAN or application number

Click ‘Search’ to view status

Scoda Tubes IPO GMP and other details

Scoda Tubes IPO’s latest GMP was at Rs 20. Based on the issue price of Rs 140, the estimated listing price is Rs 160, implying a potential listing gain of around 15% if the current trends sustain.

Scoda Tubes manufactures a wide range of stainless steel pipes and tubes — including seamless, welded, instrumentation and U-tubes — catering to sectors such as oil and gas, power, chemicals, automotive, and pharmaceuticals. The company exports to 16 countries and maintains stockist networks in India, the US, and Europe.

The IPO proceeds will be used to expand production capacity, meet working capital needs, and support general corporate requirements. The company has shown consistent growth in financial performance, with PAT rising from Rs 1.64 crore in FY22 to Rs 24.91 crore in FY25 (nine months ended Dec).

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