Scoda Tubes IPO subscribed 2.06 times on Day 1 with retail bids at 2.09x
The initial public offering (IPO) of Scoda Tubes, which opened for subscription today, May 28, saw strong investor interest on its first day. As of 4:57 pm, the IPO received bids for 2.44 crore shares against 1.18 crore shares offered, resulting in an overall subscription of 2.06 times. Qualified Institutional Buyers bid for 47.38 lakh shares…