Scoda Tubes IPO Final Day: Issue subscribed 14.77 times so far, NII portion booked 39.74x

Scoda Tubes IPO: The initial public offering (IPO) of Scoda Tubes, a stainless steel tubes and pipes manufacturer, entered its final day of bidding today, May 30, showing decent investor interest.

As of 11:45 am, the IPO attracted a total of 17,49,08,800 bids against 1,18,46,169 shares offered, resulting in an overall oversubscription of 14.77 times.

Qualified Institutional Buyers (QIBs) bid for 1,55,08,500 shares against 33,84,569 available, with the category subscribed 4.58 times. Non-Institutional Investors (NIIs) applied for 10,08,74,600 shares compared to 25,38,500 on offer, oversubscribed 39.74 times, while Retail Individual Investors (RIIs) placed bids for 5,85,25,700 shares against 59,23,100 available, subscribed 9.88 times.

There were no bids in the Employee Reserved and Shareholder Reservation categories.

Scoda Tubes IPO Day 2: Subscription status

On the second day of bidding, Thursday, May 29, the IPO was subscribed 8.11 times overall, with a total of 9,61,29,600 bids received against 1,18,46,169 shares on offer, according to BSE data. Qualified Institutional Buyers (QIBs) applied for 65,46,000 shares against 33,84,569 available, while the Retail Individual Investors (RIIs) segment was subscribed 6.46 times, receiving 3,82,84,100 bids for 59,23,100 shares.