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Scoda Tubes Sees Muted Debut On Dalal Street With Flat Listing
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Scoda Tubes Sees Muted Debut On Dalal Street With Flat Listing
Shares of Scoda Tubes Ltd. saw a muted listing on Dalal Street, opening at its issue price of Rs 140 on both the National Stock Exchange and the Bombay Stock Exchange.Scoda Tubes' IPO, which closed on May 30, was subscribed 53.78 times. The Rs 220-crore offering consisted entirely of a fresh issue of equity shares with no offer-for-sale component. The IPO was subscribed 53.78 times on its third and final day. Bids were led by institutional inves…
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