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SP

Sudeep Pharma IPO

Listed MAINBOARD BSE, NSE · Specialty Chemicals

Price Band

₹563.0–593.0

Issue Size

₹895.0 Cr

Lot Size

25 shares

Min Investment

₹14,825

GMP

Grey Market Premium — the unofficial premium buyers are currently willing to pay over the issue price once this IPO lists. It's an informal market estimate, not guaranteed, and can move daily right up to listing day. Learn more: GMP vs Kostak vs Sauda →

+₹121.0 (20.4%)

Issue Price

₹593.0

Subject to Sauda

A separate grey-market deal made before allotment is known: a buyer agrees to pay you this amount for your IPO application — but only if you actually get allotted shares. No allotment means no payment either way. This is different from "Kostak," a similarly-named rate that's paid regardless of whether the application gets allotted — TopFund shows the Sauda rate because that's what our data source provides. Learn more: GMP vs Kostak vs Sauda →

₹2300

Paid only if allotted

Sudeep Pharma IPO AI Summary

  • Sudeep Pharma IPO is listed on BSE, NSE in the Specialty Chemicals sector.
  • Price band: ₹563.0–₹593.0 per share, lot size 25 shares (min. investment ₹14,825).
  • Subscription window: 21 Nov–25 Nov 2025, listing on 28 Nov 2025.
  • Current GMP is +₹121.0 (20.4%), an estimated listing price of ₹714 — unofficial and can change daily.

TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.

Sudeep Pharma IPO — Third-Party Research Views

Reviews below reflect analyst calls made before this IPO closed on 25 Nov 2025 — not a current signal.

2 of 2 reviewers say Neutral

Neutral 25 Jul
Neutral 25 Jul

Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.

Important Dates

IPO Open Date
Fri, 21 Nov 2025
IPO Close Date
Tue, 25 Nov 2025
Allotment Date
Wed, 26 Nov 2025
Refund Initiation
Thu, 27 Nov 2025
Credit of Shares
Thu, 27 Nov 2025
Listing Date
Fri, 28 Nov 2025
Listing Price
₹714.0 +20.4%

Subscription Status

Subscription data unavailable

Sudeep Pharma IPO Grey Market Premium (GMP) Today

GMP

+₹121.0

GMP %

+20.4%

Est. Listing

₹714.0

Updated: 25 Jul 2026 14:15

About the Company

Incorporated in 1989, Sudeep Pharma Limited is a manufacturer of pharmaceutical excipients, food-grade minerals, and specialty 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 more than 200 products to a diverse customer base across pharma, 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. Product Portfolio: Pharmaceutical, Food and Nutrition Business Specialty Ingredients Business Triturates As of December 31, 2024, the company had 704 permanent employees. Competitve Strengths: 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 Strong research and development capabilities

Company Financials (₹ Cr)

As of 2025-06-30

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 922.26 717.17 513.87 420.11
Total Income 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
Reserves and Surplus 668.52 481.11 354.59 221.88
Total Borrowing 135.97 135.25 75.03 82.26

Key Ratios

EPS

₹12.46

NAV

₹45.86

RoNW

27.88%

P/B Value

12.93

P/E Ratio

47.61

Market Cap

₹6697.85 Cr

PAT Margin

27.63%

Debt/Equity

0.20

Promoters

Sujit Jaysukh Bhayani, Avani Sujit Bhayani, Shanil Sujit Bhayani, Sujeet Jaysukh Bhayani (HUF), Riva Resources Pvt.Ltd. and Bhayani Family Trust

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure towards procurement of machinery for the production line located at Nandesari Facility I 75.81 2 General Corporate Purposes 12.67 3 Issue Expenses 61.97 Total 150.45

IPO Evaluation

Generated 23 Sep 2026

Revenue Trend

Total Income was ₹438.26 Cr in the year ending 31 Mar 2023, increasing to ₹465.38 Cr by 31 Mar 2024, and further rising to ₹511.33 Cr by 31 Mar 2025. However, for the period ending 30 Jun 2025, Total Income was ₹130.08 Cr, which is not directly comparable as it represents a 9-month figure.

Profit Trend

Profit After Tax was ₹62.32 Cr in the year ending 31 Mar 2023, increasing to ₹133.15 Cr by 31 Mar 2024, and further rising to ₹138.69 Cr by 31 Mar 2025. For the period ending 30 Jun 2025, Profit After Tax was ₹31.27 Cr, which is a 9-month figure and not directly comparable.

Grey Market Premium, Explained

The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the market anticipates the stock to list at a higher price than the issue price.

Who This IPO Suits

Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's important to consider the company's fundamentals and growth potential.

Who May Want to Wait

Investors with a low-risk appetite or those who prefer stable returns may want to approach IPOs like this with caution, as they can be subject to market fluctuations and uncertainties.

IPO Timeline, Explained

The IPO opens for subscription on November 21, 2025, and closes on November 25, 2025. Allotment of shares will be done by November 26, 2025, and the listing is expected on November 28, 2025.

Listing Gains — The Risk

Listing gains refer to the potential profit an investor can make when the stock lists at a higher price than the issue price. However, these gains are not guaranteed, and the stock's performance can fluctuate based on market conditions and investor sentiment.

This evaluation is generated from Sudeep Pharma's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.

Frequently Asked Questions

What is Sudeep Pharma IPO GMP today?

Sudeep Pharma IPO GMP today is +₹121.0 (20.4%), indicating an estimated listing price of ₹714. GMP is an unofficial grey-market indicator and can change daily.

What is the price band of Sudeep Pharma IPO?

The price band of Sudeep Pharma IPO is ₹563.0–₹593.0 per share.

When does Sudeep Pharma IPO open and close?

Sudeep Pharma IPO opens on 21 November 2025 and closes on 25 November 2025.

When does Sudeep Pharma IPO list on the stock exchange?

Sudeep Pharma IPO listed on 28 November 2025 at ₹714.0.

What is the lot size for Sudeep Pharma IPO?

The lot size for Sudeep Pharma IPO is 25 shares, requiring a minimum investment of ₹14,825.

What is the price band for the Sudeep Pharma IPO?

The price band for the Sudeep Pharma IPO is ₹563.0 to ₹593.0.

What is the minimum investment required?

The minimum investment required is ₹14,825.0.

What is the lot size for the IPO?

The lot size for the Sudeep Pharma IPO is 25 shares.

When is the listing date for the IPO?

The listing date for the Sudeep Pharma IPO is November 28, 2025.

What does GMP mean?

GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading before its official listing.

Issue Details

Issue Type MAINBOARD Book Built
Issue Size ₹895.0 Cr
Price Band ₹563.0 – ₹593.0
Issue Price ₹593.0
Lot Size 25 shares
Min Investment ₹14,825
Exchange BSE, NSE
Sector Specialty Chemicals
Open Date 21 Nov 2025
Close Date 25 Nov 2025
Allotment 26 Nov 2025
Listing Date 28 Nov 2025

Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

MUFG Intime India Pvt.Ltd.

Lead Managers / Book Running

ICICI Securities Ltd.
IIFL Capital Services Ltd.

IPO Timeline

Open

21 Nov 2025

Close

25 Nov 2025

Allotment

26 Nov 2025

Listing

28 Nov 2025

Community Sentiment

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