How To Check Scoda Tubes IPO Allotment Status On MUFG Intime India, BSE And NSE
The latest grey market premium for Scoda Tubes IPO was Rs 20.5 on June 2, indicating a potential listing gain of around 14.64% when the shares list on the market this week.
Scoda Tubes IPO allotment status is expected to be finalised on Monday, June 2.
The initial public offering (IPO) of Scoda Tubes closed with a strong demand on Friday, May 30. The mainboard issue saw an overall subscription of 53.78 times on the third and last day of bidding.
The Qualified Institutional Buyers (QIBs) subscribed their quota 69.51 times, while the Non-Institutional Investors (NIIs) booked their portion 113.03 times. The retail portion of the IPO was subscribed 19.39 times.
The price band for the Scoda Tubes IPO was set at Rs 130 - Rs 140 per share. The public offer, which opened for subscription on May 28, was worth Rs 220 crore. The IPO comprised entirely a fresh issue of 1.57 crore shares.
Investors who bid for the Scoda Tubes IPO are now eagerly waiting for the company to finalise the share allotment status. They can check their share allotment status on the websites of the BSE, NSE and the issue registrar, MUFG Intime India.
Steps to Check Scoda Tubes IPO Allotment Status On MUFG Intime India
Visit the IPO allotment page on the issue registrar’s official website here.
Select 'Scoda Tubes Limited - IPO' from the drop-down menu for company names. It’s important to note that the company name will only appear after finalisation of the share allotment status.
Choose any of these options: PAN, Application Number, DP/Client ID, or Account No / IFSC.
Enter the details as per your selection.
Click on the ‘Submit’ button to check the details.
Steps To Check Scoda Tubes IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the company symbol ‘SCODATUBES’ from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the Submit button to check the share allotment details.
Steps To Check Scoda Tubes IPO Allotment Status On BSE
Go to the BSE IPO allotment page here.
Select the issue type as 'Equity.'
Choose 'Scoda Tubes Limited’ from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the 'Search' button to view your allotment status.
After finalising the IPO allotment status, the company is scheduled to process refunds and transfer shares to the Demat accounts on June 3.
Shares of Scoda Tubes Ltd. are scheduled to be listed on the BSE and NSE on Wednesday, June 4.
Scoda Tubes IPO GMP Today
The latest grey market premium (GMP) for Scoda Tubes IPO was Rs 20.5 per share at 8:00 a.m. on Monday. The latest GMP indicates an estimated listing price of Rs 160.5 per share, reflecting a premium of 14.64%. This means that the unlisted shares of the company were trading at Rs 160.5 a piece on the grey market. Investors can expect a potential listing gain of around 14.64% when the shares list on the market this week.
Note: GMP does not represent official data and is based on speculation.
The company manufactures stainless-steel tubes and pipes.
Use of IPO Proceeds
A sum of Rs 77 crore will be used for capital expenditure toward expanding the production capacity of seamless tubes and pipes by 10,000 million tonnes per annum and welded tubes and pipes by 12,130 MTPA. This involves civil and structural work, site development, plant and equipment and utilities.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
