India's Sudeep Pharma jumps 33% in trading debut

Sudeep Pharma

28/11/2025 05:47

** Shares of Sudeep Pharma SUDP.NS jump 33% to 788.60 rupees in trading debut, valued at 89.07 bln rupees ($995.5 mln) as of 11:06 IST

** Stock opened at 730 rupees, 23.1% higher than the IPO issue price of 593 rupees

** Pharmaceuticals co's 8.95-bln-rupee IPO was subscribed 93.72x

** Proceeds from fresh issue of shares worth 950 mln rupees in IPO will be used on machinery for production line at Nandesari facility

($1 = 89.4710 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))