Scoda Tubes IPO Oversubscribed 53.78 Times; Stock Rises to Rs.147

Scoda Tubes Limited, a company based in Gujarat that manufactures stainless steel tubes and pipes, launched its shares on the stock market on June 4, 2025. The company’s initial public offering (IPO) was very popular and received a strong response from investors. In fact, the IPO was oversubscribed by 53.78 times, which means many investors wanted to buy the shares compared to the number of shares available.

When Scoda Tubes’ shares were first listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the stock price started exactly at the issue price of ₹140 per share. This means the shares opened at the same price at which they were offered during the IPO, so there was no immediate profit for investors on the listing day.

However, after this flat start, the stock price quickly rose to ₹147 per share. This price movement represents a 5% gain from the original issue price of ₹140. Because of this strong buying interest, the stock hit the upper circuit limit on the exchanges. The upper circuit is a limit set by stock exchanges to prevent excessive price volatility in a single trading session. Once the stock hits this limit, trading in the shares is temporarily paused or “frozen” to control the price movement.

Scoda Tubes’ shares showed strong demand and quickly gained value, reflecting positive investor sentiment on the company’s stock market debut.