New Delhi, Nov 19 (PTI) Vadodara-based Sudeep Pharma has fixed the price band at Rs 563-593 per equity share for the Rs 895 crore initial public offering which will open for public subscription on November 21.

The initial public offering (IPO) will conclude on November 25, and bidding for anchor investors will open for a day on November 20. Investors can bid for a minimum of 25 equity shares and in multiples of 25 shares thereafter, the company said in a statement.

The IPO is a mix of a fresh issue of equity shares worth Rs 95 crore and an offer for sale of nearly 1.35 crore equity shares aggregating worth Rs 800 crore by promoters, Sujit Jaysukh Bhayani, Sujeet Jaysukh Bhayani HUF, Shanil Sujit Bhayani and Avani Sujit Bhayani.

The net proceeds from the fresh issue to the tune of Rs 75.

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