Sudeep Pharma IPO GMP: To invest in Sudeep Pharma’s IPO, the company has fixed its price band and date of opening of IPO. Note that the IPO of this company will open on 21st November and will continue for investors till 25th November. 26th November has been fixed for allotment, whereas public subscription will start from 21st November. It is believed that the listing of company’s shares may happen on 28th November. If you are also planning to invest in the IPO of this company, then know in detail how much price band of the company has been fixed at Rs per equity share.
Sudeep Pharma IPO GMP
Sudeep Pharma has announced the date for investors to invest in its IPO and has also set a price band of ₹563 to ₹593 per equity share. The company’s shares are currently being offered in grey market at a premium of ₹96. Investors must purchase a lot of approximately 25 shares, while approximately 35% of the shares are reserved for retail investors.
About Sudeep Pharma IPO
The company aims to raise approximately ₹95 crore (approximately ₹95 crore) and will also launch an offer-for-sale of approximately 13.4 million equity shares from promoters. The company will use the funds to purchase new machinery, with remaining money allocated for corporate purposes. Meanwhile, Sudeep Pharma, has full support of Nuvama, which will strengthen the IPO.
What is Sudeep Pharma
Founded in 1989, Sudip Pharma specializes in the manufacturing of pharmaceutical excipients, minerals, and specialty ingredients for pharmaceutical, food, and nutrition industries. As a technology-driven company, Sudip Pharma utilizes six in-house sophisticated and engineered technologies in its manufacturing processes. With a portfolio of over 200 products and a customer base of over 1,000 in over 80 countries, the company maintains a strong international presence with sales offices in US and Europe.
