Sudeep Pharma IPO Subscription Status
Sudeep Pharma IPO closed on 25 November 2025 with an overall subscription of 93.71x based on shares applied. QIB demand came in at 213.08x, NII at 116.72x, and retail at 15.65x.
Allotment will be finalised on 26 November 2025. The stock is scheduled to list on NSE and BSE on 28 November 2025.
Issue Price
Rs 593.00
GMP Today
Rs 121.00 (+20.40%)
Overall Subscription
93.71x
Issue Size
₹895.00 Cr
Allotment Date
26 Nov 2025
Listing Date
28 Nov 2025
Sudeep Pharma IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 593.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 179.00 Cr | Rs 38,141.08 Cr | 213.08x |
| FII | - | Rs 11,221.95 Cr | - |
| DFI | - | Rs 15,279.16 Cr | - |
| Mutual Funds | - | Rs 1,698.70 Cr | - |
| Other | - | Rs 9,941.26 Cr | - |
| NII | Rs 134.25 Cr | Rs 15,669.46 Cr | 116.72x |
| bNII (above Rs 10L) | Rs 89.50 Cr | Rs 12,074.65 Cr | 134.91x |
| Corporate | - | Rs 91.56 Cr | - |
| Individual | - | Rs 11,377.32 Cr | - |
| Other | - | Rs 605.77 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 44.75 Cr | Rs 3,594.81 Cr | 80.33x |
| Corporate | - | Rs 7.29 Cr | - |
| Individual | - | Rs 3,425.07 Cr | - |
| Other | - | Rs 162.45 Cr | - |
| Retail | Rs 313.25 Cr | Rs 4,902.41 Cr | 15.65x |
| Cut-off price | - | Rs 4,029.44 Cr | - |
| Fixed price | - | Rs 872.97 Cr | - |
| Total | Rs 626.50 Cr | Rs 58,712.94 Cr | 93.72x |
Sudeep Pharma IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 30,18,553 | 2,529 | 0.00x |
| FII | - | 93 | - |
| DFI | - | 54 | - |
| Mutual Funds | - | 24 | - |
| Other | - | 2,358 | - |
| NII | 6,468 | 2,82,125 | 43.62x |
| bNII (above Rs 10L) | 4,312 | 1,17,658 | 27.29x |
| Corporate | - | 852 | - |
| Individual | - | 1,10,892 | - |
| Other | - | 5,914 | - |
| sNII (Rs 2L to Rs 10L) | 2,156 | 1,64,467 | 76.28x |
| Corporate | - | 315 | - |
| Individual | - | 1,56,557 | - |
| Other | - | 7,595 | - |
| Retail | 2,11,298 | 27,23,404 | 12.89x |
| Cut-off price | - | 22,36,468 | - |
| Fixed price | - | 4,86,936 | - |
| Total | 32,36,319 | 30,08,058 | 0.93x |
What Do These Subscription Numbers Mean?
A subscription of 93.71x by shares means the IPO received bids for 94 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 213.08x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 213.08x, it reflects serious institutional conviction.
NII at 43.62x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 27.29x and sNII at 76.28x by applications. Share subscription was 116.72x. Allotment uses application count, not share volume.
At 12.89x subscription by applications, approximately 1 in 13 retail applicants can expect an allotment (~8% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 15.65x. Allotment uses application count, not share volume.
Sudeep Pharma IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 12.89x.
- •Allotment odds: about 1 in 13 (~8% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 15.65x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 76.28x.
- •Allotment odds: about 1 in 76 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 80.33x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 27.29x.
- •Allotment odds: about 1 in 27 for a minimum-lot application (~4% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 134.91x. Allotment uses application count, not share volume.
Check the Sudeep Pharma IPO Allotment Status page from 26 November 2025 for your allotment result.
Sudeep Pharma IPO GMP After Subscription
GMP for Sudeep Pharma IPO stands at Rs 121.00 today, giving an estimated listing price of Rs 714.00 per share.
A subscription of 93.71x combined with a GMP of 20.40% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Sudeep Pharma IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Sudeep Pharma IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 21 Nov 2025 | 0.09x | 3.01x | 1.53x | 1.43x |
| Day 2 - 24 Nov 2025 | 0.13x | 12.03x | 5.02x | 5.13x |
| Day 3 - 25 Nov 2025 | 213.08x | 116.72x | 15.65x | 93.71x |
Sudeep Pharma IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 21 November 2025 |
| IPO Close Date | 25 November 2025 |
| Allotment Date | 26 November 2025 |
| Refund Initiation | 27 November 2025 |
| Share Credit to Demat | 27 November 2025 |
| Listing Date | 28 November 2025 |
| Minimum Investment | Rs 14,825.00 |
| Lot Size | 25 shares |
About Sudeep Pharma IPO
Sudeep Pharma is a technology-led manufacturer of **excipients** and **specialty mineral ingredients** used globally in pharmaceutical, food, and nutrition industries. The company utilizes in-house technologies such as encapsulation, spray drying, and liposomal preparations to produce high-value mineral-based ingredients (calcium, iron, zinc, etc. ).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Sudeep Pharma IPO Subscription FAQs
What is Sudeep Pharma IPO IPO subscription status today?
Sudeep Pharma IPO IPO subscription closed on 25 November 2025 with overall subscription of 93.71x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 213.08x, NII 43.62x, Retail 12.89x.
What is the overall subscription of Sudeep Pharma IPO IPO?
Sudeep Pharma IPO IPO is subscribed 93.71x overall by shares at close on 25 November 2025. QIB 213.08x, NII 43.62x, and Retail 12.89x.
What is Sudeep Pharma IPO IPO QIB subscription?
Sudeep Pharma IPO IPO QIB (Qualified Institutional Buyers) subscription is 213.08x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Sudeep Pharma IPO IPO Retail subscription?
Sudeep Pharma IPO IPO Retail subscription is 12.89x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Sudeep Pharma IPO IPO NII subscription?
Sudeep Pharma IPO IPO NII (Non-Institutional Investors) subscription is 43.62x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Sudeep Pharma IPO IPO for retail?
At 12.89x subscription by applications, approximately 1 in 13 retail applicants can expect an allotment (~8% per application). Allotment is done by lottery. Share subscription was 15.65x. Allotment uses application count, not share volume.
When is Sudeep Pharma IPO IPO allotment date?
Sudeep Pharma IPO IPO allotment date is 26 November 2025. Check Sudeep Pharma IPO Allotment Status on IPOwiz from that day using your PAN.
When does Sudeep Pharma IPO IPO subscription close?
Sudeep Pharma IPO IPO subscription closed on 25 November 2025. No new applications are accepted after the close.
What is Sudeep Pharma IPO IPO GMP today?
Sudeep Pharma IPO IPO GMP is ₹121 today (+20.40% over issue price ₹593). See live GMP on the Sudeep Pharma IPO GMP Today page.
What is Sudeep Pharma IPO IPO issue price and lot size?
Sudeep Pharma IPO IPO issue price is ₹593 per share. Lot size is 25 shares. Minimum investment is ₹14,825 per lot. Issue size: ₹895.00 Cr.
When is Sudeep Pharma IPO IPO listing date?
Sudeep Pharma IPO IPO listing date is 28 November 2025 on NSE and BSE. Allotment is on 26 November 2025.
How does subscription affect Sudeep Pharma IPO IPO allotment?
Allotment odds in Sudeep Pharma IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 43.62x by applications means roughly 1 in 44 for minimum-lot bids; bNII at 27.29x (~1 in 27). At 93.71x overall, competition is very high.
For allotment results from 26 November 2025, visit the Sudeep Pharma IPO Allotment Status page. For listing day updates on 28 November 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.