Scoda Tubes IPO Proceeds Monitoring Report for Q2 FY27

Scoda Tubes Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, pertains to the utilization of proceeds from its Initial Public Offer (IPO) and Pre-IPO. The company declared 'Not Applicable' for any deviation from the IPO objects and the range of deviation for the quarter. The IPO, which occurred from May 28-30, 2025, raised ₹2,200.00 million in gross proceeds, with net proceeds of ₹1,999.33 million after deducting issue expenses of ₹200.67 million. CRISIL Ratings will monitor the gross proceeds.