Scoda Tubes’ ₹220 crore IPO allotment will be finalised today, following a strong 57.37x overall subscription. Investors can check allotment status via Link Intime or the BSE websites. The stock will list on June 4, with a GMP of ₹20, suggesting a potential 15% listing gain. Proceeds will support capacity expansion, working capital, and general corporate needs.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets