Scoda Tubes IPO: Ahmedabad -based Skoda Tubes is bringing its Rs 220 crore IPO. It’s going to open on Might 28. Closing will happen on 30 Might. Anchor traders will be capable to bid on 27 Might. The corporate makes stainless-steel tubes and pipes. It gives companies to many industries like engineering, oil and gasoline, chemical compounds, fertilizers, energy, prescription drugs, automotive, railway and transport. There will probably be solely new shares within the public situation of SCODA TUBES. There will probably be no supply on the market. Because of this the complete cash acquired from IPO will go to the corporate. After the closing of the difficulty, the allotment will probably be finalized by June 2. This will probably be adopted by the itemizing of shares on BSE, NSE on 4 June. This situation would be the fourth IPO opening within the mainboard phase subsequent week. The remaining 3 mainboards are IPO, Prostarm Information Methods, AEGIS VOPAK TERMINALS and Schloss Bangalore (Leela Resorts). How will the IPO’s packed newsscora tubes be used. Wish to do for 110 crore is meant for use to fulfill the rising working capital wants. The remaining cash will probably be used for basic company functions. 50 % in SCODA TUBES IPO is reserved for certified institutional patrons, 35 % for retail traders and 15 % for non -institutional traders. Monark Networth Capital is a service provider banker for this situation. Entered a revenue of Rs 24.9 crore. The revenue for FY 2023-24 elevated by 77 % to Rs 18.3 crore. Income elevated by 31 % to Rs 400 crore. On 21 October 2024, within the pre-IPO spherical, Skoda Tubes raised Rs 55 crore by way of pre-IPO placements of 44 lakh fairness shares at an IPO value of Rs 125 per share. Malabar India Fund and Carnelian India Amritkal Fund had been traders within the pre-IPO spherical. Disclaimer: Right here data offered is being offered right here just for data. It’s mandatory to say right here that the funding market out there is topic to dangers. At all times seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
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