Sudeep Pharma IPO Day 1: The initial public offering (IPO) of Vadodara-based Sudeep Pharma Ltd opened today, Friday, November 21. The price band of the Rs 895-crore IPO has been fixed at Rs 563-593 per equity share. The issue started its bidding on a strong note, with the IPO being subscribed to 25% of the overall issue size within an hour. Its grey market premium also remains strong at nearly 21%.

Till 10:40 am on Day 1, the Sudeep Pharma IPO received 0.25x subscription, garnering bids for 26,43,825 shares as against the 1,05,64,927 shares on offer.

Its retail category got 0.33x subscription, while its non-institutional investor (NII) quota got 0.40x subscription.

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Sudeep Pharma IP

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