LIVE: Sudeep Pharma listing today; GMP indicates listing surprise

Sudeep Pharma is all set to list on the stock exchanges today, November 28. The company’s shares were fetching a grey market premium (GMP) of over 20%, indicating that investors could see a listing pop. The company’s IPO cut-off price was set at Rs 593 per equity share. Sudeep Pharma IPO: Key details Sudeep Pharma raised Rs 895 crores via a mix of fresh issue and an offer for sale. The IPO consisted of 0.16 crore fresh shares of Rs 95 crores and an offer for sale of 1.35 crore shares worth Rs 800 crores. The IPO was opened for bidding on November 21 and ended on November 25. The allotment was finalised on November 26. Sudeep Pharma IPO: Book manager and registrar ICICI Securities worked as the book-running lead manager for the IPO, and MUFG Intime India was the registrar of the issue. About Sudeep Pharma Sudeep Pharma, established in 1989, is a technology-led manufacturer of excipients and speciality ingredients serving the pharmaceutical, food, and nutrition industries. It has a global footprint spanning from the U.S. to South America to Europe, the Middle East, Africa, and Asia-Pacific. The company operates three manufacturing facilities in Vadodara, Gujarat, and, following its acquisition of NSS( Nutrition Supplies and Services) in 2025, an additional facility in Ireland. Live Updates