Sudeep Pharma IPO Opens for Subscription on November 21; Company Raises OFS Component

Vadodara, November 18: Sudeep Pharma IPO opens for subscription on November 21. The company has kept the fresh issue component unchanged while raising the OFS component. The ₹895 crore Sudeep Pharma IPO is a combination of fresh issue of 0.16 crore shares aggregating to ₹95 crores and offer for sale of 1.35 crore shares aggregating to ₹800 crores. The OFS component was 1 crore shares previously, which has now been increased to 1.35 crore.

Sudeep Pharma IPO price band is at ₹562 to ₹593 per share. The lot size is 25 shares per application, with a minimum investment amount by a retail investor at ₹14.825 (25 shares) at the upper price band. The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,07,550, and for bNII, it is 68 lots (1,700 shares), amounting to ₹10,08,100. ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Sudeep Pharma is a manufacturer of mineral-based excipients and active ingredients. The company serves the Pharmaceutical, Food, and Nutrition industries globally. It is recognised as one of India’s leading producers of mineral-based ingredients, which are essential components in medicines and fortified food products.

Sudeep Pharma IPO Utilisation of Funds

Sudeep Pharma has outlined that it will utilise ₹78.8 crore from the IPO proceeds for procurement of machinery for the company’s production line at its Nandesari Facility I. The balance amount will be used for general corporate purposes.

Sudeep Pharma Financial Highlights

As of 30 June 2025, the company had assets of ₹922.26 crore, higher than ₹717.17 crore in March 2025, ₹513.87 crore in March 2024, and ₹420.11 crore in March 2023. Total income was at ₹130.08 crore in June 2025, compared to ₹511.33 crore in March 2025, ₹465.38 crore in March 2024, and ₹438.26 crore in March 2023. Profit after tax was ₹31.27 crore in June 2025, lower from ₹138.69 crore in March 2025 and ₹133.15 crore in March 2024, However, it was higher than the ₹62.32 crore in March 2023.

What’s Ahead for Sudeep Pharma IPO?

Sudeep Pharma IPO opens for subscription on November 21, and will close on November 25. Sudeep Pharma IPO allotment status is expected to be finalised on November 26, and the company will credit the shares and initiate refunds on November 27. The shares of the company are expected to list on NSE and BSE on November 28. Investors will hope for a strong anchor allocation and investor demand, with a stellar debut on stock exchanges subsequently.

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