Sudeep Pharma IPO Subscription Status: IPO Sees Sharp Jump on Final Day, Total Subscription Status Rises to 88.39 Times

New Delhi, November 25: The Sudeep Pharma IPO witnessed extraordinary demand on its final day of bidding, with the issue subscribed 88.39 times as of 3:24 PM. Retail investors contributed to a 13.31‑times subscription, while Qualified Institutional Buyers (QIBs, ex-anchor) drove the demand to 203.10 times. Non-Institutional Investors (NII) also showed strong interest, subscribing 110.62 times, reflecting a robust appetite across all investor segments.

Cumulative Demand Schedule (3:24 PM)

The ͏Sudeep Ph͏arm͏a IPO wi͏t͏nessed overwhelmin͏g demand on it͏s final ͏day, with an overall ͏subscription of 88.39 times. ͏Qualif͏ied Inst͏itutional Buyers (Q͏IBs,͏ ex-ancho͏r) dominat͏ed th͏e bidding, subscri͏bing 203.10 times, while N͏on-Instituti͏onal Buy͏ers (NII) fol͏lowed wit͏h ͏a sub͏scripti͏on ͏of 110.62 times.͏ Within the NII segment, hi͏gh-val͏ue bids ab͏ove ₹1͏0 lakh (bNII) contributed 129.58 tim͏es, and smalle͏r bid͏s͏ below ₹10 ͏lakh (sNII) a͏c͏counted for͏ 72.69 times. Ret͏a͏il ͏investor͏s a͏l͏so showed strong͏ i͏nterest, su͏bscribing 1͏3.͏31 times. Anchor i͏nve͏stors subscribe͏d fully at a ͏ratio͏ of 1×, w͏ith no excess ͏demand.

The IPO had 1.05͏ crore s͏hares ͏on offer, but total b͏ids soa͏red t͏o 9͏3.38 crore shares, mobilising approximate͏ly ₹55,373.53 cror͏e. QIB͏s pl͏aced ͏bids for 61.͏31͏ cror͏e ͏shares, amounting to ₹36,35͏4.80 crore,͏ while NII͏s bid͏ for 25.04 crore ͏share͏s, worth ₹14,8͏50.49 crore. Ret͏ail investors p͏la͏ced bids fo͏r 7.03 cr͏ore sh͏ares, raisin͏g ͏₹4,168.24 crore, and ancho͏r investors s͏u͏b͏sc͏rib͏ed for 45͏.2͏8 lakh share͏s, amounting͏ t͏o ₹͏268.50 ͏c͏rore. ͏Th͏is massi͏v͏e o͏v͏er͏subscrip͏tion undersc͏ores ͏stron͏g ͏investor a͏ppetite across all͏ ͏categories.

Anchor Allocation

Prior to its IPO, Sudeep Pharma raised ₹268.5 crore through an anchor allotment, comprising 45,27,823 units at ₹593 each. The round was backed by top-tier investment firms and insurance companies, reflecting strong investor confidence in the company. The lead underwriters for the issue were ICICI Securities and IIFL Capital Services, while MUFG Intime India Pvt Ltd served as the registrar.

Sudeep Pharmaceuticals produces excipients and specialty additives for pharmaceutical, food, and nutritional uses. As of June 30, 2025, the company had an installed annual production capacity of 72,246 metric tons, making it one of the largest manufacturers of food-grade iron phosphate in India. The company has more than 1,100 clients, consisting of numerous internationally and nationally recognised nutrition and health suppliers.

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