Scoda Tubes IPO Subscribed 21x – What It Means?

Scoda Tubes, a stainless-steel pipes and tubes manufacturer from Gujarat, is getting a lot of attention for its IPO (Initial Public Offering). Here's everything you need to know: What is an IPO? An IPO is when a company sells its shares to the public for the first time to raise money. Scoda Tubes IPO Highlights: • Price Band: ₹130 to ₹140 per share • IPO Size: ₹220 crore (fresh issue, no shares sold by existing owners) • Purpose: To expand factory capacity, manage working capital & other business needs Huge Demand on Day 3: • Shares Offered: 1.18 crore • Shares Booked: 24.13 crore • ✅ Subscription: 21 times oversubscribed. (That means for every 1 share available, 21 were requested) Who's Investing? • Non-Institutional Investors (HNIs): Subscribed 58.28 times • Retail Investors: Subscribed 12.27 times • Big Institutions (QIBs): Subscribed 6.11 times GMP (Grey Market Premium)? • Current GMP is around 16%, which means the shares are trading unofficially for about ₹22 above the issue price. • This shows positive market sentiment, but GMP is not guaranteed profit. Key Dates: • Allotment Date: June 2 • Listing Date: June 4 (NSE & BSE) Summary: Scoda Tubes IPO is seeing strong demand across all investor categories. With good subscription numbers and decent grey market premium, many investors are hopeful — but remember, IPO investments come with risks. Always do your own research before investing.