Sudeep Pharma IPO opens: Strong GMP and anchor investment | Should you bid?
The bidding window of Sudeep Pharma IPO opens today. It is a book build issue that is designed to mobilise of Rs 895 crores through a combination of fresh issue of 0.16 crore shares and OFS segment of 1.35 crore shares. The GMP stood at Rs 122 in early morning of Nov 21.
Kolkata: Sudeep Pharma IPO is throwing open its bidding window today, Nov 21. It intends to mop up Rs 895 through fresh issue of 0.16 crore shares aggregating to Rs 95 crores and an OFS part to raise Rs 800 crores. Vadodara-based Sudeep Pharma is more than 35 years into the business of manufacture of pharmaceutical excipients, food-grade minerals and specialty nutrition ingredients. It has customers spread over more than 100 countries.
On Nov 20, the company informed the bourses that it has been able to mop up Rs 268.5 crore from anchor investors. The list of anchor investors includes names such as SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, Nippon India MF, WhiteOak Capital MF, Aditya Birla Sun Life MF, Motilal Oswal MF, Quant MF, Bandhan MF, UTI MF, Edelweiss MF, Tata AIA Life Insurance and SBI Life Insurance. The company allocated 45,27,823 equity shares at Rs 593 per share to anchor investors.
Sudeep Pharma customers, issue proceeds deployment
Pfizer Inc., Mankind Pharma, Merck Group, Aurobindo Pharma, Cadila Pharmaceutical, IMCD Asia Pte Ltd and Danone SA are among the customers of the company. The proceeds from the sale of the fresh shares (Rs 75.81 crore) will be deployed for purchase of machinery for its production line located at Nandesari Facility 1 in Gujarat and general corporate purposes.
Sudeep Pharma IPO GMP
According to investorgain, in the early morning of Nov 21, Sudeep Pharma IPO GMP stood at Rs 122. At this level it signaled a possible listing gain of 20.57%. The GMP stood at Rs 93 on Nov 18 and Rs 130 on Nov 19 before reaching Rs 122 on Nov 20. However, it must be remembered that GMP is an unofficial gauge that changes with time and does not guarantee anything -- gain or loss on listing.
Sudeep Pharma IPO price band, lot size, key dates
Sudeep Pharma IPO price band has been fixed at Rs 563-593. A retail investor has to apply for a minimum of 25 shares for which he/she has to pay an application money of Rs 14,825 based on the upper end of the price band. The minimum investible lot for sNII investors is 350 shares and that for bNII category of investors is 1,700 shares. ICICI Securities is the lead manager and MUFG Intime India the registrar for the issue.
IPO open: Nov 21-25, 2025
Allotment: Nov 26
Refund: Nov 27
Credit of shares to demat: Nov 27
Listing: Nov 28
Cut-off time for UPI mandate confirmation: 5 pm on Nov 25
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