Scoda Tubes IPO

Incorporated in 2008, Scoda Tubes Limited is a manufacturer of stainless-steel tubes and pipes.  The company's products are broadly categorized into two types: (i) seamless tubes/pipes and (ii) welded tubes/pipes. These are further divided into five product lines: Stainless steel seamless pipes Stainless steel seamless tubes Stainless steel seamless “U” tubes Stainless steel instrumentation tubes Stainless steel welded tubes and “U” tubes The company markets its products under the brand name “Scoda Tubes Limited.” Customers include engineering companies, EPC (Engineering, Procurement, and Construction) firms, and industrial companies across sectors such as oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, railways, and transportation. Manufacturing and Production: The company operates a hot piercing mill for producing mother hollow, which serves as the primary raw material for stainless-steel seamless products. Manufacturing Facility: Located on the Ahmedabad-Mehsana Highway in Rajpur, Kadi, Mehsana, Gujarat. Market Presence (Fiscal 2024): Supplied products to 49 stockists across domestic and international markets. Exported to 16 countries, including the United States, Germany, Netherlands, Italy, Spain and France. Distribution Network: India: An authorized stockist in Maharashtra handles domestic sales. United States: A dedicated stockist exclusively distributes products. Europe: Products are supplied through stockists in Italy, Germany, Austria, and Eastern European markets. Workforce (as of August 31, 2024): Total Employees: 496 Permanent Employees: 149 Contractual Workers: 347

The Company Scoda Tubes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Millions) 1 Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes. 769.90 2 Funding the part incremental working capital requirements of the Company 1,100.00 3 General corporate purposes.

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