IPO Watch, June 25 -- Sudeep Pharma Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

Sudeep Pharma, since it was established in 1989, has broadened its operations from manufacturing excipients to offering a diverse range of over 100 products within the pharmaceutical, food, and nutrition sectors, as of December 31, 2024. The company's business is organised into two main segments: Pharmaceutical, food and nutrition, and Specialty ingredients.

The company has three manufacturing facilities located in Vadodara, Gujarat, which together boast an annual production capacity of 65,579 MT. It employs a workforce of 37 ...