Sudeep Pharma IPO Listing Date: What retail investors should know before NSE, BSE debut

With the listing just around the corner, here are the key details retail investors should be aware of.

Sudeep Pharma IPO: Subscription details

The initial public offering secured a robust response from all investor categories, with the issue being subscribed a total of 93.72 times. It attracted bids for 99,01,00,150 equity shares against 1,05,64,926 shares on offer, as per the National Stock Exchange (NSE) data.

Sudeep Pharma IPO GMP

Sudeep Pharma IPO objectives

Sudeep Pharma sought to raise ₹895 crore by offering new equity shares valued at ₹95 crore and an offer for sale (OFS) worth ₹800 crore.

Under the OFS, promoters Sujit Jaysukh Bhayani, Avani Sujit Bhayani, Shanil Sujit Bhayani and Sujeet Jaysukh Bhayani HUF are offloading their stake.

The fresh issue proceeds will be used for procurement of machinery and general corporate purposes.

"In addition to the aforementioned objects, we expect to achieve the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of our company’s visibility and brand name amongst our existing and potential customers and creation of a public market for our Equity Shares in India," the company said in its red herring prospectus.

Sudeep Pharma IPO: Share credit, refund and listing date

The company's shares will hit the stock exchanges – the NSE and the BSE – on Friday, November 28, at 10 am.

Sudeep Pharma IPO: Financials