Grey Market Signals Strong Demand—Scoda Tubes IPO Listing Could Surprise Investors!

Scoda Tubes Ltd has finalized its IPO allotment, following an overwhelming 57.37x subscription. Investors can now check their allotment status via BSE, NSE, or MUFG Intime India. The stock is scheduled to list on June 4, with a grey market premium (GMP) of ₹20.5 per share, indicating a 14.64% premium over the issue price of ₹140.

 

Key Highlights:

With high investor interest, Scoda Tubes’ listing is expected to be closely watched, as analysts predict strong post-listing performance.

 

Sources: Business Standard, Mint, CNBC-TV18