• The Floor Price is 13 times the face value of Equity Shares and the Cap Price is 14 times the face value of the Equity Shares;
• Bid /Issue will open on Wednesday, May 28, 2025 and close on Friday, May 30, 2025. The Anchor Investor Bidding Date Shall be Tuesday, May 27, 2025;
• Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter;
• RHP link: https://www.mnclgroup.com/storage/scoda-tubes-rhp.pdf

MUMBAI, MAY 23, 2025 (GPN): Scoda Tubes Limited (“STL” or “The Company”) shall open its Bid / Issue in relation to its initial public offer of Equity Shares on Wednesday, May 28, 2025.

The Anchor Investor Bidding Date shall be Tuesday, May 27, 2025. The Bid/Issue will open on Wednesday, May 28, 2025 for subscription and will close on Friday, May 30, 2025. Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. (“Bid Details”)

The Price Band of the Issue has been fixed at Rs. 130 to Rs. 140 per Equity Share. (“Issue Price”)

The total Issue size of Equity Shares with face value Rs. 10 each aggregating up to Rs. 2,200 million (Rs. 220 crore) comprises only of fresh issue of Equity Shares. (“Total Issue Size”)

The company proposes to utilize the net proceeds from the issue towards the following objects –(i) Capital expenditure towards expanding production capacity of seamless and welded tubes and pipes estimated to be Rs. 769.90 million (Rs. 76.99 crore); (ii) Funding the part incremental working capital requirements of the company estimated to be Rs. 1,100 million (Rs. 110 crore) and general corporate purposes. (the “Objects of the Issue”)

This Equity Shares are being offered through the “Red Herring Prospectus” of the Company dated May 22, 2025 filed with Registrar of Companies, Ahmedabad at Gujarat(“RHP”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the purposes of the Issue, the Designated Stock Exchange shall be NSE.

This is an Issue in terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Issue is being made through the Book Building Process in terms of Regulation 6 (1) of the SEBI ICDR Regulations, wherein not more than 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs and such portion, the “QIB Portion”), provided that our Company, in consultation with the BRLM, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Issue shall be available for allocation to Non-Institutional Bidders (“Non-Institutional Portion”) (of which one third of the Non-Institutional Portion shall be reserved for Bidders with an application size between ₹ 0.20 million up to ₹ 1 million and two-thirds of the Non-Institutional Portion shall be reserved for Bidders with an application size exceeding ₹ 1 million) and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other subcategory of Non-Institutional Portion, subject to valid Bids being received at or above the Issue Price and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price.

All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Issue through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA Process. For further details, see “Issue Procedure” on page 353.

Monarch Networth Capital Limited is the Book Running Lead Manager to the Issue. (“BRLM”)

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.