Fri May 30 03:40:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:

**Headline: Scoda Tubes Launches ₹220 Crore IPO, Eyes Listing on BSE and NSE**

**[City, State] – [Date of Article Publication – Assume May 27, 2025]** – Scoda Tubes Limited, a leading manufacturer of stainless steel pipes and tubes, is set to launch its Initial Public Offering (IPO) on May 28, 2025, with the subscription window closing on May 30, 2025. The company aims to raise approximately ₹220 crores through a fresh issue of equity shares, with a face value of ₹10 each, offered via a book-building process.

The IPO price band has been fixed between ₹130 and ₹140 per share. Investors can bid for a minimum lot size of 100 shares, requiring an application amount of ₹14,000 at the upper price band. Retail investors are allotted 35% quota while Qualified Institutional Buyers (QIBs) are assigned 50% and High Net Worth Individuals (HNIs) are assigned the remaining 15%. Retail investors can apply up to 14 lots, totaling 1,400 shares for an investment of ₹1,96,000.

The company plans to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on June 4, 2025. Allotment of shares is expected to be finalized on June 2, 2025.

Established in 2008, Scoda Tubes specializes in manufacturing stainless steel seamless pipes, instrumentation tubes, and U tubes, utilizing the Hot Pierce-Rolling Process. The company emphasizes premium quality and reliable business relations with its customers.

Financially, Scoda Tubes has demonstrated strong growth. The company reported revenue of ₹402.49 crores in fiscal year 2024, compared to ₹307.79 crore in the previous year. Profit after tax also saw a significant increase, rising to ₹18.3 crores in 2024 from ₹10.34 crores in 2023. Financial advisors are recommending investors to consider this IPO for a longer period.

The promoters of Scoda Tubes Limited are Samarth Patel, Jagrutkumar Patel, Ravi Patel, Saurabh Patel, and Vipulkumar Patel.

MUFG Intime India Private Ltd is the registrar for the issue. Potential investors can find more information, including valuation details such as Earnings Per Share (EPS), Price/Earning (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV), on the company’s website (https://www.scodatubes.com/) or the registrar’s website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html).

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