New Delhi, May 30 -- The public offering for Scoda Tubes, a manufacturer of stainless-steel tubes and pipes, has garnered an impressive response during its first two days and will close today (Friday, May 30). Scoda Tubes IPO price band was established at Rs.130-140 per share.

The company's valuation stands at approximately Rs.840 crore at the highest point of the price range, according to brokerages.

Fifty percent of the total issue size has been allocated for qualified institutional buyers, 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.

The firm specializes in manufacturing stainless-steel tubes and pipes, serving a wide variety of clients, including EPC and industrial companies involve...