New Delhi, Nov. 21 -- The initial public offering (IPO) of Sudeep Pharma sailed through on the first day of the bidding process on Friday, November 21, as it garnered a strong response from high-net-worth individuals and retail investors.

Its shares are also enjoying a strong demand in the grey market.

Investors can apply for Sudeep Pharma IPO till Tuesday, November 25.

Sudeep Pharma IPO received bids for 1,50,09,425 shares as against 1,05,64,926 shares on offer, garnering 1.42 times bids.

The qualified institutional buyer (QIB) quota was subscribed 9%, the non-institutional investor (NII) portion was booked 3 times and the retail investor part received 1.50 times bids.

Sudeep Pharma IPO grey market premium (GMP) today stood at Rs.11...