Sudeep Pharma initial public offer opens for subscription on Friday. (Photo credit: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Sudeep Pharma Ltd.'s initial public offer was subscribed 0.03 times on first day.

The IPO will include a mix of fresh issues of shares worth Rs 95 crore and an offer for sale of 1 crore shares by existing shareholders. The price band for the issue is set at Rs 563-593 per share.

Sujit Jaysukh Bhayani, Sujeet Jaysukh Bhayani HUF, Shanil Sujit Bhayani and Avani Sujit Bhayani are the promoter selling shareholders offloading stakes in the OFS segment.

ICICI Securities Ltd. and IIFL Capital Services Ltd. are the book-running lead managers for the issue and MUFG Intime India Pvt. will be the registrar of the issue.

The allotment of share

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