Sudeep Pharma IPO, Nov. 20 -- The initial public offering (IPO) of speciality chemicals and ingredients manufacturer Sudeep Pharma is set to hit the primary market on Friday, November 21. The book build issue combines a fresh issue of 16 lakh shares and an offer for sale (OFS) of nearly 1.35 crore shares.

Meanwhile, the grey market appears to be upbeat about the issue as shares of Sudeep Pharma traded with a healthy premium in the grey market on Thursday morning.

According to grey market sources, the Sudeep Pharma IPO GMP on November 20 was Rs.130. Considering the upper price band of the mainboard IPO at Rs.593 per share, the estimated listing price of Sudeep Pharma shares is Rs.723, a premium of nearly 22 per cent.

1. Sudeep Pharma IP...