The ₹895-crore initial public offering (IPO) of Sudeep Pharma opens today for public subscription with a price band of ₹563-593. The market lot is 25 shares.

The IPO is a combination of a fresh issue for ₹95 crore and an offer-for-sale for up to shares 1.35 crore shares by the promoter and promoter group for ₹800 crore.

The offer is being made through the book-building process, wherein up to 50 per cent of the net offer is allocated to qualified institutional buyers, 15 per cent to non-institutional investors, and 35 per cent to retail investors.

Anchor investors

As part of the IPO, Sudeep Pharma on Thursday raised ₹268.5 crore from anchor investors by allotting about 42.28 lakh equity shares at ₹593 a share.

Some of the marquee institutions that participated in the anchor include all

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