SCODA Tubes Limited Aims for 220 Crore IPO on May 28

Scoda Tubes Limited (“STL” or “The Company”) will open its Bid / Issue for an initial public offer of Equity Shares on Wednesday, May 28, 2025. The Anchor Investor Bidding Date is set for Tuesday, May 27, 2025. The Bid/Issue will accept subscriptions from Wednesday, May 28, 2025, until Friday, May 30, 2025. Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

These Equity Shares are offered through the “Red Herring Prospectus” dated May 22, 2025, filed with the Registrar of Companies in Ahmedabad, Gujarat, and are planned to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). The designated stock exchange for the Issue will be NSE. This issue is made following Rule 19(2)(b) of the SCRR and Regulation 31 of the SEBI ICDR Regulations.

The Issue will follow the Book Building Process, where up to 50% will be allocated proportionately for Qualified Institutional Buyers (“QIBs”). The Company may allocate up to 60% of the QIB Portion to Anchor Investors, with one-third reserved for domestic Mutual Funds if valid Bids are received. If there are any under-subscriptions or non-allocations in the Anchor Investor Portion, the remaining Equity Shares will go to the Net QIB Portion.

Moreover, 5% of the Net QIB Portion will be allocated proportionately to Mutual Funds only, while the rest will be open to all QIB Bidders, including Mutual Funds, provided they submit valid Bids at or above the Issue Price. If demand from Mutual Funds is below 5% of the Net QIB Portion, those shares will be redistributed within the remaining Net QIB Portion.

At least 15% of the Issue is designated for Non-Institutional Bidders, divided into sub-categories for different application sizes, and any under-subscription can be reallocated between these categories. Furthermore, at least 35% of the Issue will be available for Retail Individual Bidders, also subject to valid Bids at or above the Issue Price. All potential Bidders, except Anchor Investors, must participate through the Application Supported by Blocked Amount (“ASBA”) process, during which their Bid Amounts will be blocked by Self Certified Syndicate Banks or the Sponsor Bank under the UPI Mechanism. Monarch Networth Capital Limited is the Book Running Lead Manager to the Issue.