Malabar Investments, a Mauritiusbased fund, subscribed to 2.4 million shares at Rs 125 per share, resulting in a 5.43% stake. Carnelian Capital, founded by Vikas Khemani, subscribed to 2 million shares, representing 4.53% of the total shareholding. According to the DRHP, Scoda Tubes aims to raise Rs 275 crore through the IPO, with Monarch Networth Capital serving as the sole banker to the issue
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