Sudeep Pharma Share Listing: Pharma sector company Sudeep Pharma has made a wonderful entry in the stock market. On Friday, its shares were listed on BSE with a profit of 23 percent over its IPO price. This issue of Rs 895 crore, which was opened for subscription between 21 and 25 November, received 93.71 times more bids.

Today its shares were listed at Rs 730 on NSE and Rs 725 on BSE, while the upper price band of the IPO was Rs 593. In this way the company made a strong start with a market capitalization of about Rs 8,188 crore. A day before the IPO launch, Sudeep Pharma had raised Rs 268.5 crore from anchor investors, which shows strong institutional demand for the offering.

Further rise after listing

After the bumper listing, the shares gained even more momentum and jumped 6 percent to Rs 786.40 on BSE. That means the share rose by more than 30 percent from the IPO price of Rs 593. On NSE too, with a rise of more than 7 percent, shares of Sudeep Pharma have reached the level of Rs 788.05.

What does the company do?

Sudeep Pharma manufactures mineral-based excipients and specialty ingredients that are used in pharmaceuticals, nutraceuticals, food and nutrition products. Its portfolio includes calcium, magnesium, iron, zinc, sodium and potassium salts, which go into tablets, supplements and fortified foods. The company runs several plants, including a special facility in Nandesari, Gujarat. The company has a strong hold in the international market also. Its products are exported on a large scale.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Sudeep Pharma IPO: The IPO of Vadodara Best Pharma company Sudeep Pharma is getting better response in the Indian stock market. The company’s IPO became full on the very first day in the market. Investors have placed bids of 1.43 times on the first day itself.

The company’s IPO is open from November 21 and investors can place their bets till November 25. Even in the gray market, the company’s shares are trading at a premium of Rs 115. The company plans to raise Rs 895 crore through IPO. In which fresh issue of Rs 95 crore and offer for sale of Rs 800 crore has been kept.

condition of shares in gray market

The company fixed the share price under the IPO between Rs 563 and Rs 593 per equity share. At the same time, the company’s shares are trading at a premium of Rs 115 in the gray market. Going by this performance, the company’s shares can be listed in the market above Rs 700.

According to the information received, the company’s shares can be listed on BSE and NSE on November 28. A lot of 25 shares has been fixed in the IPO. That means investors will have to invest at least Rs 14,825 in lump sum.

Investors placed huge bets on IPO on the first day

Investors have placed huge bets on the IPO of Sudeep Pharma Company on the very first day. The company has received 1.53 times subscription in the category of retail investors. At the same time, non-institutional investors have placed bids 3.01 times. Also, Qualified Institutional Buyers category has been subscribed 0.09 times.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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