New Delhi, June 4 -- Shares of Scoda Tubes IPO made a muted debut on the bourses on Wednesday, June 4, listing at Rs.140 on NSE and BSE, same as its issue price.

The IPO, valued at Rs.220 crore, was open for subscription from May 28 to May 30.

The IPO concluded on an strong note, receiving bids amounting to 57.37 times the shares on offer over the three-day bidding period. A total of 63.11 crore shares were bid for, compared to the 1.10 crore shares available. The retail investor portion was subscribed 20.89 times, while the non-institutional investor (NII) category saw a subscription of 121.72 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 72.97 times.

Scoda Tubes IPO was a completely fresh issue compri...