New Delhi, Nov. 25 -- The IPO of Sudeep Pharma has witnessed a sharp rise in investor interest, especially from institutional participants, during the final day of bidding, which pushed the subscription rate to over 90 times.

The issue, which opened on Friday, November 21, closed today, and during the three-day bidding period, it attracted bids for 99 crore shares against over 1.05 crore shares on offer, resulting in a subscription rate of 94 times, as per exchange data.

The qualified institutional buyer (QIB) segment saw a strong spike in demand, with the quota being subscribed 213 times, while the non-institutional investor (NII) portion was subscribed 116 times, and the retail investor portion was subscribed 15.65 times.

Sudeep Phar...