Scoda Tubes IPO Allotment Status: Finalization Expected Today
By ScanX News Team
Scoda Tubes IPO allotment status is being finalized after a strong 53.78 times subscription. The Rs 220 crore IPO had a price band of Rs 130-140. Key dates include refunds and share transfers on June 3, with listing scheduled for June 4 on BSE and NSE. Investors can check allotment status on BSE, NSE, and MUFG Intime India websites.
*this image is generated using AI for illustrative purposes only.
The initial public offering (IPO) of Scoda Tubes is reaching a crucial milestone today, with the allotment status expected to be finalized. This development comes after a robust response from investors during the subscription period.
Strong Demand for Scoda Tubes IPO
The Scoda Tubes IPO witnessed significant interest from investors, resulting in an impressive overall subscription of 53.78 times. This strong demand indicates a high level of confidence in the company's prospects among market participants.
IPO Details
| Item | Details |
|---|---|
| Offer Size | Rs 220.00 crore |
| Price Band | Rs 130.00 - Rs 140.00 |
Key Dates for Investors
| Event | Date |
|---|---|
| Allotment Status Finalization | Monday, June 2 |
| Refunds Initiation | June 3 |
| Share Transfer to Demat Accounts | June 3 |
| Listing Date | June 4 |
How to Check Allotment Status
Investors who applied for the Scoda Tubes IPO can check their allotment status through the following platforms:
- BSE website
- NSE website
- MUFG Intime India website
Applicants are advised to keep their application details handy while checking the status.
Market Debut
Subject to the completion of all regulatory processes, Scoda Tubes shares are scheduled to make their market debut on June 4. The listing will take place on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Investors and market watchers will be keenly observing the stock's performance upon listing, given the strong subscription numbers during the IPO phase.
As the allotment process concludes and the listing date approaches, all eyes will be on Scoda Tubes to see how it fares in its transition to a publicly-traded company.
