IPO SCODA has attracted strong need, supporting over 9x on the 3 so far. Check details

Initial public offering, which has been a simple 2-day response to auction of bidding on the 3rd, by applying down.

Strong response is led by non-institutions (NIIS), who applied for 27.04 applicants around 11:15 am. Retail investors attached to 5.63 times investors, while buying institutions, 1.8 times.

Important details of the scoda tubs IPO:

Scada Gray Tream Marsium (GMP)

In the trading market, shares of the Scroda pipe is commanding the approval of Rs 19-21, translated as GMP of 13.6%.

Should you apply to the IPO scoda tube?

Broker Canra Canra Broker Company introduced to “Subscribal Support, and the IPO and P / B of the 8.76x – Investors should be concerned about the customer industry and risk.

Anandators at Anand Rathi said they believed to integrate with the production of a special production supplier, and improvement of overall work supplier.

While the issue is a full price, they gave “long-term subscriptions” to score for problems.

In conclusions, investors with long views find use of Industrial and Export Industry and Export of Industrial and Export of India.

Important date for scoda tub language

IPO has opened the application on May 28 and will remain open until 30 May.

IPO scoda tub structure

The company plans to add 220 crore through 100%, offering 1.57 crore as 1,69 shares at 130 shares.

About Scoda tube

Set up in 2008, the SCODA tube produces steel pipe and welding with steel and chemicals, rail, and medicines. The company operates from Mehsana, Gujarat, and boasting with the integration through a boiling plant.

The Scroda tube also extended from international, exported contribution to more than 28% in total income in the first 9 months of FY25, can be spread out of 11 months.

Financial record

SCODA tube has created an impressive impression over the past two years. Rapid income from Rs 194 crore in FY22 to Rs 400 crore in FY24,

Action, the company has increased its margin, using EBSDA Margin Ramin from FY22.

However, in spite of this operation, the company’s cash flow is an effective concern of cash.

(Refuse: Recommendation, instructions, attributions and opinions of experts are self-employed. These are not represented to the view of the economy