Two IPOs are set to light up the markets in the final week of May 2025. These include Scoda Tubes and Prostarm Info Systems. While both offer fresh equity issues and operate in distinct sectors – here’s a simple breakdown of five key aspects to help you decide which IPO might be the better bet.
Scoda Tubes Vs Prostarm Info Systems IPO: IPO size and timing
Scoda Tubes is coming in with a bigger bang, launching a Rs 220 crore IPO, entirely through a fresh issue of 1.57 crore shares. In comparison, Prostarm Info Systems is looking to raise Rs 168 crore by issuing 1.60 crore fresh shares.
Scoda’s IPO window is open from May 28 to May 30, while Prostarm opens a day earlier from May 27 to May 29. Tentative listing for Prostarm is June 3, while Scoda is expected to debut on June 4.
Scoda Tubes Vs Prostarm Info Systems IPO: Price bands and retail entry Points
For those with modest budgets, both IPOs keep the entry ticket affordable. Scoda Tubes has set its price band between Rs 130 and Rs 140 per share, with a minimum lot size of 100 shares. This means a basic retail investment of Rs 13,000, or Rs 14,000 if bidding at the cutoff price.
Prostarm Info Systems is slightly lower on the price chart, with a band of Rs 95 to Rs 105 and a minimum lot of 142 shares, needing roughly Rs 13,490 (or Rs 14,910 at cutoff). In both cases, retail investors are advised to apply at the higher end to improve allotment chances.
Scoda Tubes Vs Prostarm Info Systems IPO: Grey Market Premium (GMP)
Scoda Tubes is quoting a GMP of Rs 16, which hints at a possible listing around Rs 156, roughly 11.4% above its issue price.
In contrast, Prostarm is seeing no premium in the grey market as of now, indicating a likely listing close to its issue price.
However, it is important to note, GMP is not a guarantee, and can fluctuate depending upon the market condition.
Scoda Tubes Vs Prostarm Info Systems IPO: Know the business – Steel Pipes vs Power Products
Both companies operate in different sectors and cater to distinct market needs.Scoda Tubes, incorporated in 2008, manufactures stainless steel pipes and tubes, including seamless and welded variants products heavily used in industrial and infrastructure sectors.
Prostarm Info Systems, also incorporated in 2008, focuses on power backup and conditioning solutions like UPS systems, solar hybrid inverters, lithium-ion battery packs, and stabilisers.