Scoda Tubes Ltd is set to raise ₹220.00 crores through its IPO to expand production capabilities and meet working capital needs, supported by positive market conditions and significant investor interest.

Information on the Target

Scoda Tubes Ltd, located in Ahmedabad, Gujarat, specializes in the manufacturing of seamless and welded tubes and pipes. With a registered office in Kadi Mehsana, the company aims to expand its production capabilities to cater to the growing demand within various industries.

The company has initiated an initial public offering (IPO) to raise capital amounting to ₹220.00 crores by offering up to [*] equity shares at a price range of ₹130 to ₹140 per share, which will constitute [*]% of the post-issue paid-up equity share capital.

Industry Overview in India

The Indian manufacturing sector, particularly in the industrial metal products sphere, is projected to experience substantial growth due to increasing infrastructur