Scoda Tubes IPO Itemizing: Stainless-steel tubes and pipe -making Skoda tubes shares at present received flat entry within the home market. Its IPO acquired greater than 57 occasions the general. Shares have been issued at a value of ₹ 140 beneath IPO. As we speak it has entered ₹ 140 on BSE at ₹ 140 and NSE at ₹ 140.00, that’s, IPO buyers didn’t get any itemizing positive factors. After the itemizing, the shares climbed up. On the NSE, it reached the NSE at ₹ 145.00 (Scoda Tubes Share Worth) i.e. IPO buyers are actually 3.57% worthwhile. How would the cash of SCODA TUBES IPO be the price of ₹ 220.00 crore for the ₹ 220.00 crore IPO subscription was open until 28-30 Might. This IPO acquired good response from buyers and general it was subscribed to 57.37 occasions. It included 72.97 occasions reserved for certified Institutional Patrons (QIB), 121.72 occasions the share of non-institutional buyers (NII) and 20.89 occasions the share of retail buyers. Beneath this IPO, 1,57,14,286 new shares with a face worth of Rs 10 have been launched. Of the cash raised by these shares, ₹ 76.99 crore will likely be spent on growing manufacturing capability, elevated wants of ₹ 1100 crore working capital and remainder of the cash on frequent company targets. The information associated to SCODA TUBES makes the scoda tubes and pipes of stainless-steel and pipes. Its merchandise are offered beneath the model of Skoda Tubes Restricted. Its prospects embrace engineering corporations, EPC (engineering, procurement and building) agency, together with oil and fuel, chemical compounds, fertilizers, electrical energy, pharma, automotive, railway and transport. Its merchandise are equipped to 40 stockists from India and overseas. It exports to 16 international locations together with US, Germany, Netherlands, Italy, Spain and France. Speaking in regards to the monetary well being of the corporate, it has been strongly strengthened. It made a internet revenue of ₹ 1.64 crore in FY 2022, which jumped within the subsequent monetary yr 2023 to ₹ 10.34 crore and ₹ 18.30 crore in FY 2024. Throughout this era, the corporate’s income elevated to ₹ 402.49 crore yearly from the compound charge (CAGR) of greater than 43% yearly. Speaking in regards to the final monetary yr 2024-25, in April-December 2024, it has acquired a internet revenue of ₹ 24.91 crore and a income of ₹ 363.48 crore. Neptune petrochemicals IPO Itemizing: Retail buyers weren’t in a position to put up, now ₹ 122 shares of shares: The data is being supplied right here. It’s essential to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There’s by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
Supply hyperlink
