Stainless Steel Demand On The Rise, Investors' Eyes Set On Scoda Tubes; June 2 IPO Allotment

Investors are demanding the IPO of stainless-steel tubes and pipes manufacturer Scoda Tubes Ltd. June 2 is the IPO allotment date. The subscription period is ending. The IPO listing is scheduled for June 4.

May 30 saw the bidding conclusion and the public issue was launched on May 28.

The company is expected to finalise the Scoda Tubes IPO allotment status soon. It will then credit the equity shares into the Demat accounts of eligible allotment holders, and initiate refunds to unsuccessful bidders after the finalisation of Scoda Tubes IPO allotment status.

Through the BSE and NSE websites, investors can check Scoda Tubes IPO allotment status online, and on the official portal of the IPO registrar which is MUFG Intime India Private Limited (Link Intime)

Scoda Tubes IPO has been subscribed 53.78 times in total, as the issue received bids for 63.71 crore equity shares against 1.18 crore shares on offer, according to BSE data. The retail investors’ portion received 19.40 times subscription, while the non-institutional investors (NII) category was subscribed 113.03 times.

In order to do Scoda Tubes IPO allotment status online check, investors must follow a few simple steps mentioned below:

Scoda Tubes IPO Allotment Status on BSE

Step 1] Visit BSE website on this link - https://www.bseindia.com/investors/appli_check.aspx

Step 2] Select ‘Equity’ in the Issue Type

Step 3] Choose ‘Scoda Tubes Limited’ in the Issue Name dropdown menu

Step 4] Enter Application No. or PAN

Step 5] Verify by ticking on ‘I am not robot’ and click on ‘Search’

The screen will show your Scoda Tubes IPO allotment status

Scoda Tubes IPO Allotment Status on MUFG Intime

Step 1] Visit IPO registrar website on this link - https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 2] Choose ‘Scoda Tubes IPO Limited’ in the Select Company dropdown menu

Step 3] Select among PAN, App. No., DP ID or Account No.

Step 4] Enter the details as per the option selected

Step 5] Click on Search

Your Scoda Tubes IPO allotment status will be displayed on the screen.

Scoda Tubes IPO GMP today is ₹20.5 per share, according to stock market experts. Scoda Tubes IPO is showing an upbeat trend in the unlisted market with a positive grey market premium (GMP) today. This signals that the estimated Scoda Tubes IPO listing price would be ₹160.5 per share, which is at a 14.64% premium to the issue price of ₹140 per share.

Scoda Tubes IPO price band was fixed at ₹140 per share. With a fresh issue of 1.57 crore equity shares, the company raised ₹220 crore from the IPO.

Disclaimer: This story is from the syndicated feed. Nothing has been changed except the headline.