Sudeep Pharma IPO November 2025: Complete Guide to Apply on IPO Ji | ₹895 Cr Book Build Issue

Complete guide to Sudeep Pharma IPO opening Nov 21, 2025. Price band ₹563-593, lot size 25. Learn how to apply on IPO Ji with step-by-step instructions.

Sudeep Pharma IPO November 2025: Complete Guide to Apply on IPO Ji | ₹895 Cr Book Build Issue

Sudeep Pharma IPO 2025 – Investment Opportunity for Retail Investors

Sudeep Pharma Limited, a globally recognized pharmaceutical excipients manufacturer founded in 1989, is launching its long-awaited IPO on November 21, 2025. This ₹895 crore book build issue presents an exciting investment opportunity for first-time IPO investors and experienced traders alike. With the Sudeep Pharma IPO price band set at ₹563 to ₹593 per share, retail investors can participate with a minimum investment of just ₹14,825. In this comprehensive guide, we'll walk you through everything you need to know about this pharmaceutical IPO, including how to apply seamlessly through IPO Ji, India's leading IPO investment platform.

What is Sudeep Pharma IPO? | Company Overview & Business Profile

Sudeep Pharma Limited: Three Decades of Excellence in Pharma Excipients

Sudeep Pharma Limited is a USFDA-certified pharmaceutical manufacturer specializing in mineral-based pharmaceutical excipients, food-grade minerals, and specialty nutrition ingredients. Incorporated in 1989 and headquartered in Vadodara, Gujarat, the company has established itself as a global leader serving over 100 countries with more than 200 innovative products.

The company operates six state-of-the-art manufacturing facilities with a combined production capacity of 50,000 MT annually, making it one of the largest producers of mineral-based ingredients in India. Sudeep Pharma supplies essential minerals including calcium, iron, magnesium, zinc, potassium, and sodium to the pharmaceutical, food, and nutrition industries. With 704 permanent employees and over 1,000 global customers, the company demonstrates strong market presence and operational excellence.

 Key Competitive Strengths of Sudeep Pharma

- Market Leadership: Industry-leading position in pharmaceutical excipients and mineral actives

- Global Presence: Trusted supplier to 100+ countries with established customer relationships

- World-Class Certifications: USFDA approval, WHO-GMP, FSSC 22000, EXCiPACT, ISO 9001:2015, Kosher, and Halal certifications

- Strong R&D Capabilities: In-house laboratories and pilot-scale facilities focused on innovation

- Diversified Product Portfolio: 200+ products across pharma, food, and nutrition sectors

- Regulatory Compliance: Full compliance with international standards and California Prop 65 regulations

Sudeep Pharma IPO Details | Complete Issue Information for November 2025

 IPO Specifications: Size, Price Band, and Subscription Timeline

IPO Parameter

Details

IPO Issue Size

₹895 Crore (Book Build Issue)

Fresh Issue

₹95 Crore (16,02,024 shares)

Offer for Sale (OFS)

₹800 Crore (1,34,90,726 shares)

Total Shares Offered

1,50,92,750 equity shares

Issue Price Band

₹563 to ₹593 per share

Face Value

₹1 per equity share

Lot Size

25 shares (minimum)

IPO Opening Date

November 21, 2025 (Friday)

IPO Closing Date

November 25, 2025 (Tuesday)

Allotment Date

November 26, 2025 (Wednesday)

Listing Date

November 28, 2025 (Friday)

Listing Exchange

BSE and NSE

Sudeep Pharma IPO: Fresh Issue vs. Offer for Sale Explained

This combination issue comprises two components:

1. Fresh Issue (₹95 Crore): New shares issued by the company to raise capital for business expansion and machinery procurement

2. Offer for Sale (₹800 Crore): Existing shares offered by promoters (Bhayani family) for partial exit

This structure allows retail investors to participate in both company growth (fresh issue) and provides liquidity to promoters, making it an attractive IPO for investors seeking exposure to a growing pharmaceutical company.

Sudeep Pharma IPO Investment Eligibility | Who Can Apply?

Minimum Investment Requirements by Investor Category

Sudeep Pharma IPO has allocated shares across three investor categories following SEBI guidelines for book-built IPOs:

Investor Category

Minimum Lots

Minimum Shares

Minimum Investment (at ₹593)

Maximum Investment

Retail Investors (RII)

1

25

₹14,825

₹1,92,725 (13 lots)

Small HNI (S-HNI)

14

350

₹2,07,550

₹9,93,275 (67 lots)

Big HNI (B-HNI)

68

1,700

₹10,08,100

No maximum limit

 IPO Allocation Across Investor Categories (SEBI Norms)

- Retail Investors (RII): Minimum 35% of net offer reserved

- Non-Institutional Investors (NII): Minimum 15% of net offer reserved

- Qualified Institutional Buyers (QIBs): Maximum 50% of net offer available

 How to Apply for Sudeep Pharma IPO on IPO Ji | Step-by-Step Application Guide

 Why Choose IPO Ji for Sudeep Pharma IPO Application?

IPO Ji is India's most trusted and user-friendly IPO application platform, offering:

- Seamless UPI and ASBA-based application process

- Real-time updates on IPO status and allotment

- Transparent bid tracking and live subscription status

- Expert analysis and GMP (Grey Market Premium) tracking

- Dedicated customer support for first-time IPO investors

- Zero additional charges for IPO applications

 Method 1: Apply for Sudeep Pharma IPO Using UPI on IPO Ji

How to Apply for Sudeep Pharma IPO via UPI

  1. Open the IPO Ji website/app and log in (or sign up using PAN, demat & bank details).
  2. Go to Current IPOs and select Sudeep Pharma IPO.
  3. Check the price band, lot size & dates, then click Apply Now.
  4. Enter lots (1 lot = 25 shares = ₹14,825 at ₹593).
  5. Choose UPI, enter your UPI ID, and submit.
  6. Approve the UPI mandate in your UPI app.
  7. Track your bid under My Bids / Application Status.

 Method 2: Apply for Sudeep Pharma IPO Using ASBA

For investors preferring net banking ASBA method:

Steps to Apply via ASBA (Net Banking):

1. Log in to your designated bank's net banking portal

2. Find the IPO application section

3. Choose this IPO from the available list

4. Enter Application Details:

   - Number of shares/lots

   - Bid price (within ₹563-₹593 range)

   - Demat account number

5. Confirm all entered information

6. The system will calculate the amount based on upper price

7. Accept all IPO-related terms

8. Complete the submission process

9. Receive application reference number via SMS/email

 Understanding Sudeep Pharma IPO Financial Performance | Key Metrics & Valuation

Financial Overview: Revenue, Profit, and Growth

Financial Metric

June 30, 2025

March 31, 2025

March 31, 2024

Growth Rate

Total Assets

₹922.26 Cr

₹717.17 Cr

₹513.87 Cr

79.6% (2-year)

Total Income

₹130.08 Cr

₹511.33 Cr

₹465.38 Cr

10% YoY

Profit After Tax (PAT)

₹31.27 Cr

₹138.69 Cr

₹133.15 Cr

4% YoY

EBITDA

₹48.57 Cr

₹199.28 Cr

₹187.76 Cr

6% YoY

Net Worth

₹688.32 Cr

₹497.53 Cr

₹359.07 Cr

91.6% (2-year)

Key Performance Indicators (KPIs) for Valuation Analysis

KPI

Value

Interpretation

Debt-to-Equity Ratio

0.20

Healthy balance sheet with low leverage

Return on Net Worth (RoNW)

27.88%

Strong profitability and efficient capital use

PAT Margin

27.63%

Excellent profit margins

EBITDA Margin

39.70%

Strong operational efficiency

Price-to-Book Value (P/BV)

12.93 (Pre-IPO)

Premium valuation reflecting growth prospects

Market Capitalization

₹6,697.85 Cr (Post-IPO)

Strong valuation in the pharma sector

EPS Analysis: Pre-IPO vs. Post-IPO

Metric

Pre-IPO

Post-IPO

Change

Earnings Per Share (EPS)

₹12.46

₹11.07

-11.2%

P/E Ratio

47.61x

53.55x

+12.5%

Note: Post-IPO EPS is lower due to share dilution from new share issuance. However, the fresh capital will support capacity expansion and long-term growth.

Use of IPO Proceeds | How Sudeep Pharma Will Use ₹95 Crore Fresh Capital

Sudeep Pharma has clearly outlined its capital expenditure plans from the ₹95 crore fresh issue:

Objects of Issue

Amount (₹ Crore)

Purpose

Machinery Procurement

₹75.81

Procurement for Nandesari Facility I production line expansion

General Corporate Purposes

₹19.19

Working capital, debt repayment, and strategic investments

Strategic Significance: This capital will enable the company to increase production capacity, reduce per-unit costs, and capture greater market share in the growing pharmaceutical excipients sector.

Sudeep Pharma IPO: Promoter Holding Analysis | Ownership Structure

 Pre-IPO and Post-IPO Shareholding Pattern

Shareholding Category

Pre-IPO

Post-IPO

Change

Promoter Holdings

89.37%

76.15%

-13.22% (dilution)

Public Holdings

10.63%

23.85%

+13.22% (increase)

Promoters of Sudeep Pharma Limited

The company is promoted by the Bhayani family, consisting of:

- Sujit Jaysukh Bhayani (Chairman & Managing Director)

- Avani Sujit Bhayani

- Shanil Sujit Bhayani

- Sujeet Jaysukh Bhayani HUF

- Riva Resources Private Limited (family company)

- Bhayani Family Trust

Sudeep Pharma IPO Timeline | Important Dates and Key Events

 Complete IPO Schedule (Tentative Dates)

Event

Date

Day

Details

Anchor Investor Bidding

November 20, 2025

Thursday

Large institutional investors bid one day before public opening

IPO Opening Date

November 21, 2025

Friday

Public subscription opens at 10:00 AM

IPO Closing Date

November 25, 2025

Tuesday

Public subscription closes at 5:00 PM

UPI Mandate Cut-off

November 25, 2025

Tuesday, 5 PM

Last time to approve UPI mandate

Basis of Allotment

November 26, 2025

Wednesday

Shares allotment finalized (lottery if oversubscribed)

Refunds Initiation

November 27, 2025

Thursday

Unallotted amounts released to investors

Credit to Demat

November 27, 2025

Thursday

Allotted shares credited to demat accounts

Listing on BSE & NSE

November 28, 2025

Friday

Shares available for trading on stock exchanges

Sudeep Pharma IPO Lead Managers and Registrar | Key Market Participants

Book Running Lead Managers (BRLMs)

The IPO is being managed by two reputed merchant banks:

1. ICICI Securities Limited

   - Lead Manager

   - Experience: Track record of successful IPO management

   - Role: Price discovery, investor engagement, underwriting

2. IIFL Capital Services Limited

   - Lead Manager

   - Experience: Strong presence in IPO market

   - Role: Investor relations, book building management

 IPO Registrar

MUFG Intime India Pvt. Ltd.

- Official IPO Registrar

- Handles: Application processing, allotment, and demat credit

- Contact: sudeeppharma.ipo@in.mpms.mufg.com

- Phone: +91-22-4918 6270

- Website: linkintime.co.in