Sudeep Pharma IPO Day 2: Strong GMP, Subscription Trend, Should You Subscribe?

Sudeep Pharma's Rs 895-crore IPO has seen strong subscription trends on Day 2, with the overall issue being subscribed 1.42 times. The retail portion was subscribed 1.50 times, while the NII category witnessed 3 times subscription. The grey market is trading at a premium of 20.40%. The IPO comprises a fresh issue of Rs 95 crore and an offer for sale of up to 1.35 crore shares. The subscription window remains open until November 25.