Sudeep Pharma, which manufactures mineral-based excipients and actives for the pharmaceutical, food, and nutrition industries, has raised Rs 268.5 crore via anchor book on November 20, a day prior to the IPO opening.

The company approached capital markets with the aim to mobilise Rs 895 crore via initial public offering (IPO) at the upper end of price band of Rs 563-593 per share. The issue will open for the public subscription on November 21 and close on November 25.

Sudeep Pharma will issue fresh shares worth Rs 95 crore, while the promoters will be selling 1.3 crore shares worth Rs 800 crore via offer-for-sale.

The company that claims one of the largest producers of food-grade iron phosphate for infant and clinical nutrition, and the food and beverage sectors has finalised allocatio

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