Scoda Tubes’ IPO saw overwhelming investor interest, subscribing 53.78 times on its final day. Non-institutional investors led the charge with 113.03 times subscription, followed by QIBs at 69.51 times. The company plans to utilize the raised capital to expand production capacity and meet working capital needs, targeting diverse industries like oil and gas.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets