Sudeep Pharma IPI GMP Today: The company’s shares are proposed to be listed on the BSE and National Stock Exchange (NSE).
Vadodara-based Sudeep Pharma has received 6.08 times subscription on the third day of bidding on Tuesday. At the time of writing the report, the IPO received bids for 6,42,87,275 shares against 1,05,64,926 shares on offer. According to NSE data, the category for non-institutional investors fetched 15.22 times subscription, while the quota for Retail Individual Investors (RIIs) got subscribed 5.57 times. Ahead of the IPO, the company said that it mobilised Rs 268.5 crore from anchor investors. The Rs 895 crore public issue, which will conclude today, has a price band of Rs 563-593 per equity share. The Qualified Institutional Buyers (QIBs) portion received 14 per cent subscription.
According to available information, the company’s shares are proposed to be listed on the BSE and National Stock Exchange (NSE).
Sudeep Pharma IPO GMP Today
According to Investorgain, Sudeep Pharma’s unlisted shares are trading at a grey market premium (GMP) of Rs 86 on the last day of the subscription window. Considering the upper price band of Rs 593, the company’s shares are expected to list at around Rs 679, reflecting a grey market premium of 14.50 per cent.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
