Summary of this article
Sudeep Pharma IPO was oversubscribed by 93.72 times the shares on offer by the final day
The basis of allotment of Sudeep Pharma’s shares is set to be finalised on November 26
Sudeep Pharma IPO shares quoted a GMP of Rs 99 per share over the issue price
The initial public offering of Sudeep Pharma Limited received overwhelming response from investors across categories. By the final day of subscription, the public issue was oversubscribed by 93.72 times the shares on offer, as per exchange data.
The basis of allotment of its shares is set to be finalised on November 26. Applicants can check their allotment status through the registrar of the issue, which is MUFG Intime in this case, and through the official websites of exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Shares are set to be listed on both NSE and BSE on November 28.
Sudeep Pharma opened for public bidding on November 21 and closed on November 25. The company offered its shares with a price band of Rs 563-593 per share in lot sizes of 25 shares. Minimum investment required by retail investors to apply for one lot of Sudeep Pharma IPO was Rs 14,825 crore.
Through the IPO, Sudeep Pharma raised Rs 895 crore through a combination of fresh issue of equity shares worth Rs 95 crore and offer-for-sale (OFS) component aggregating to Rs 800 crore.
Sudeep Pharma IPO Subscription Details
The subscription of Sudeep Pharma IPO was led by qualified institutional buyers (QIBs), who booked the issue 213.08 times their quota. The non-institutional investors (NIIs) and retail investors subscribed the issue 116.72 times and 15.65 times, respectively.
Sudeep Pharma IPO GMP Today
Sudeep Pharma IPO shares quoted a grey market premium (GMP) of Rs 99 per share over the issue price, according to multiple websites that track such trades.
Given the current GMP and the upper end of the issue price, Rs 593, the expected listing price of Sudeep Pharma shares comes at Rs 692. This translates into a potential listing pop of 16.69 per cent.
How To Check Sudeep Pharma IPO Allotment Status On NSE
Head to the NSE website via this link (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
Select ‘Equity IPO bid details’
Opt for 'Sudeep Pharma' from the list of IPOs
Type in your IPO application number
Click the 'submit' button
The allotment status of your application for Sudeep Pharma IPO will be shown
How To Check Sudeep Pharma IPO Allotment Status On BSE Website
Go to the BSE website’s IPO application status viewing webpage (https://bseindia.com/investors/appli_check.aspx)
Several issue types will be displayed on your screen
Choose ‘Equity’ from the menu shown on screen
Select 'Sudeep Pharma' from the list of IPOs
Input your IPO application number or Permanent Account Number (PAN) details
Select 'Search'
The share allotment status will be shown on screen
How To Check Sudeep Pharma IPO Allotment Status Online Via MUFG Intime
Go to the official website of MUFG Intime (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
On the home page, navigate to the "Investor Services" tab and click on "Public Issues"
Select "Sudeep Pharma IPO" from the drop-down menu
Enter either of the following details:
PAN card number, Application number, Depository Participant ID/Client ID, Bank account number / IFSC code
Click on "Submit"
Your IPO allotment status will be displayed on the screen
