
Sudeep Pharma IPO Subscription Day: 1 Check Online
Posted by : sachet | Fri Nov 21 2025

Check Expert’s Verdicts on Sudeep Pharma IPO.
Here is the Sudeep Pharma IPO launched on 21st November 2025. Bidding for the issue will close on 25th November 2025. The primary aim of the Sudeep Pharma IPO is to raise ₹895.00 crores from the market. Additionally, the Sudeep Pharma IPO has received strong subscription levels, suggesting the shares will likely list at a premium. Scroll down to check the Sudeep Pharma IPO subscription and details.
Sudeep Pharma IPO Details
| IPO Open Date | 21st November 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹563 to ₹593 per share |
| Lot Size | 25 shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| IPO Close Date | 25th November 2025 |
| Listing Date | 28th November 2025 |
The price band for the Sudeep Pharma IPO has been set at ₹563 to ₹593 per share. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % of the Shares Offered |
| QIB Shares Offered | 75,46,376 | 50.00% |
| NII (HNI) Shares Offered | 22,63,912 | 15.00% |
| Retail Investors Offered | 52,82,462 | 35.00% |
| Total Shares Offered | 1,50,92,750 | 100.00% |
Sudeep Pharma IPO Subscription Status
As of now, the Sudeep Pharma IPO has been subscribed to 0.83 times. Of these, 0.93 times are subscribed by retail investors, 1.58 times by non-institutional investors, and 0.08 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors expect higher returns at the time of the Sudeep Pharma IPO, scheduled to list on 28th November 2025. Tenneco Clean Air India’s IPO also has a positive outlook, with the fresh issue of 16,00,000 shares to raise around Rs 895.00 crores.
Sudeep Pharma IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Sudeep Pharma IPO GMP for 21st November 2025.
The grey market premium for this IPO is 11.67% or Rs 14 per share. It indicates that the estimated listing price per share is Rs 134. Numerous factors played a pivotal role in the jump in Sudeep Pharma’ GMP. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 25-11-2025 | – | – | – | – |
| 24-11-2025 | – | – | – | – |
| 23-11-2025 | – | – | – | – |
| 22-11-2025 | – | – | – | – |
| 21-11-2025 | ₹593.00 | ₹111.00 | ₹704.00 | 18.72% |
| 20-11-2025 | ₹593.00 | ₹122.00 | ₹715.00 | 20.57% |
| 19-11-2025 | ₹593.00 | ₹130.00 | ₹723.00 | 21.92% |
| 18-11-2025 | ₹593.00 | ₹93.00 | ₹686.00 | 15.68% |
| 17-11-2025 | ₹593.00 | ₹0.00 | ₹686.00 | 0.00% |
About Sudeep Pharma IPO Ltd.
Sudeep Pharma was established in 1989 and is a manufacturer of pharmaceutical excipients, food-grade minerals, and speciality nutrition ingredients serving over 100 countries. The company operates six manufacturing facilities with a combined production capacity of 50,000 MT, specializing in minerals such as calcium, iron, magnesium, zinc, potassium, and sodium. The company supplies over 200 products to a diverse customer base across the pharmaceutical, food, and nutrition sectors. The company has strong R&D capabilities with in-house labs and pilot-scale facilities focused on mineral salts and excipients.
- Market leadership with a diversified product portfolio in a high-barrier industry
- Distinguished global customer base with long-standing relationships with key customers
- Well-equipped and regulatory-compliant Manufacturing Facilities
- Intense research and development capabilities
Sudeep Pharma Limited Financials
The company’s financial analysis is essential before applying for Sudeep Pharma Limited’s IPO. Refer to the table to learn about Sudeep Pharma Limited’s financial information.
| Year Ended | 30th June 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 922.26 | 717.17 | 513.87 | 420.11 |
| Revenue | 130.08 | 511.33 | 465.38 | 438.26 |
| Profit After Tax | 31.27 | 138.69 | 133.15 | 62.32 |
| EBITDA | 48.57 | 199.28 | 187.76 | 98.64 |
| Net Worth | 688.32 | 497.53 | 359.07 | 226.29 |
| Reserve and Surplus | 668.52 | 481.11 | 354.59 | 221.88 |
| Total Borrowing | 135.97 | 135.25 | 75.03 | 82.26 |
Explanation
Sudeep Pharma Limited’s revenue increased by 10% from ₹465.38 crore in March 2024 to ₹511.33 crore in March 2025. Moreover, the company’s PAT increased by 4% from ₹133.15 crores to ₹138.69 crores. Investors can analyse other relevant factors and make a decision accordingly.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Sudeep Pharma IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 47.61 |
| EPS (Earnings Per Share) | 12.46 |
| RoNW | 27.88% |
| ROCE | [.] |
| ROE | [.] |
| EBITDA Margin | 39.70% |
| Price to Book Value | 12.93 |
| Market Capitalisation | ₹6,697.85 Cr. |
Sudeep Pharma IPO Listing Expectations
Sudeep Pharma IPO Highlights: IPO allotment is still pending, as the bid closes today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. An 18.72% Jump in the GMP of Sudeep Pharma IPO suggests that the estimated listing price per share will be around Rs 111.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Sudeep Pharma IPO Dates
| IPO Open Date | 21st November 2025 |
| IPO Close Date | 25th November 2025 |
| Allotment | 26th November 2025 |
| Refund Date | 27th November 2025 |
| IPO Listing Date | 28th November 2025 |
Note: IPO GMP is volatile, driven by market sentiment. Hence, one should conduct their research before investing in it.
Download the Univest iOS App or the Univest Android App to get daily stock recommendations and insightful research pieces!
Recent Articles
Max Healthcare Q1 Results FY26: Q1 PAT Rises 30.35% to ₹307.97 Crore; Revenue Up 31.41% YoY
Minda Corporation Q1 Results FY26: Q1 PAT Rises 1.73% to ₹65.31 Crore; Revenue Up 16.23% YoY
Bharat Dynamics Q1 Results FY26: Q1 PAT Rises 154.30% to ₹18.35 Crore; Revenue Up 29.69% YoY
Elitecon International Q1 Results FY26: Q1 PAT Rises 349.99% to ₹20.41 Crore; Revenue Up 301.98% YoY
Elgi Equipments Q1 Results FY26: Q1 PAT Rises 17.58% to ₹85.60 Crore; Revenue Up 8.19% YoY
Aavas Financier Q1 Results FY26: Q1 PAT Rises 10.41% to ₹139.23 Crore; Revenue Up 15.70% YoY

