Mumbai, May 29 -- The initial public offer of Scoda Tubes received bids for 9,60,85,200 shares as against 1,18,46,169 shares on offer, according to stock exchange data at 17:00 IST on Thursday (29 May 2025). The issue was subscribed 8.11 times.

The issue opened for bidding on 28 May 2025 and it will close on 30 May 2025. The price band of the IPO is fixed between Rs 130 and 140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.

The offer comprises a fresh issue of up to 15714286 equity shares at the upper price band of Rs 130 and 16923077 equity shares at the lower price band of Rs 140, aggregating Rs 220 crore.

The company proposes to utilize the net proceeds from the issue towards capital expe...