Mumbai, June 2 -- The initial public offer of Scoda Tubes received bids for 63,71,18,900 shares as against 1,18,46,169 shares on offer. The issue was subscribed 53.78 times.

The Non-Institutional Investors (NIIs) category was subscribed 113.03 times. The Qualified Institutional Buyers (QIBs) category was subscribed 69.51 times. The Retail Individual Investors (RIIs) category was subscribed 19.40 times.

The issue opened for bidding on 28 May 2025 and it closed on 30 May 2025. The price band of the IPO is fixed between Rs 130 and 140 per share.

The offer comprised a fresh issue of up to 15714286 equity shares at the upper price band of Rs 130 and 16923077 equity shares at the lower price band of Rs 140, aggregating Rs 220 crore.

The com...