Fri May 30 03:40:00 UTC 2025: **Summary:**

Several IPOs are closing soon, including Nikita Papers IPO, Blue Water Logistics IPO, Prostarm Info Systems IPO & Astonea Labs IPO. Scoda Tubes IPO is also ongoing. Scoda Tubes IPO, a fresh issue of equity shares, opened on May 28 and closes on May 30, saw strong subscription rates, reaching 4.12 times by May 29. Prostarm Info Systems IPO, an integrated power solution company, has been heavily oversubscribed, reaching 31.04 times by May 29. The funds raised will be used for expansion, debt repayment, acquisitions, and general corporate purposes. Both companies cater to diverse industries and aim for listing on BSE and NSE.

**News Article:**

**IPOs Heat Up the Market: Scoda Tubes and Prostarm Info Systems See Strong Investor Interest**

**[City, Date]** – The initial public offering (IPO) market is buzzing with activity as several companies approach their closing dates. Investors are showing significant interest in Scoda Tubes and Prostarm Info Systems, with both IPOs experiencing robust subscription rates.

Scoda Tubes, a manufacturer of stainless-steel tubes and pipes, launched its IPO on May 28, with a price band of ₹130-140 per share. The ₹220 crore IPO, consisting entirely of a fresh issue of equity shares, has garnered considerable attention, being subscribed 4.12 times as of midday on May 29. The IPO closes on May 30. The company plans to use the funds raised to expand its production capacity and address working capital needs.

Meanwhile, Prostarm Info Systems, an integrated power solution provider, has witnessed even more enthusiastic participation. The ₹168 crore IPO has been oversubscribed by 31.04 times as of midday on May 29, with the IPO concluding today. The price band for the offer is fixed at Rs 95-105 per share. Prostarm aims to utilize the IPO proceeds for funding capital requirements, debt repayment, and strategic acquisitions.

Other IPOs closing today include Nikita Papers IPO, Blue Water Logistics IPO & Astonea Labs IPO. Aegis Vopak Terminals IPO, a subsidiary of Aegis Logistics Ltd, closed on Wednesday with 2.09 times subscription.

The strong demand for Scoda Tubes and Prostarm Info Systems signals positive investor sentiment towards these companies and the overall market. Both companies cater to a wide range of industries and are poised to list their shares on the BSE and NSE.

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