29 Nov 2025

Cyril Amarchand Mangaldas, S&R Associates and Hogan Lovells advise on Sudeep Pharma ₹895 crore IPO

"Cyril Amarchand Mangaldas advised Sudeep Pharma on its ₹895 crore IPO; S&R Associates advised the book running lead managers ICICI Securities and IIFL Capital; Hogan Lovells served as international counsel to the BRLMs. The IPO comprised a fresh issue and an offer for sale by promoter selling shareholders. Sudeep Pharma manufactures excipients and specialty ingredients for pharmaceutical, food and nutrition industries."

Cyril Amarchand Mangaldas, S&R Associates and Hogan Lovells acted on Sudeep Pharma's ₹895 crore initial public offering, advising Sudeep Pharma (Cyril Amarchand Mangaldas), the book running lead managers ICICI Securities Limited and IIFL Capital Services Limited (S&R Associates), and serving as international counsel to the BRLMs (Hogan Lovells). Sudeep Pharma raised ₹895 crore through an initial public offering of equity shares. The offer comprised a fresh issue and an offer for sale by promoter selling shareholders. Sudeep Pharma is a technology-led manufacturer of excipients and specialty ingredients for the pharmaceutical, food and nutrition industries. Cyril Amarchand Mangaldas represented Sudeep Pharma with a team composed by: Ravi Dubey (Partner, Regional Co-Head - Capital Markets - West), Radhika Pandey (Principal Associate), Esha Gupta (Associate), Anomitra Debnath (Associate), Harshita Pareek (Associate) and Khushi Parek (Associate). S&R Associates represented ICICI Securities Limited and IIFL Capital Services Limited with a team composed by: Jitesh Shahani (Partner), Ishan Seth (Principal Associate), Aditya Jain (Senior Associate), Abhishek Gupta (Associate), Aarushi Kapoor (Associate), Monisa Mohanty (Associate), Sarakshie Sonawane (Associate) and Thambiah Jayaram (Associate). Hogan Lovells represented the book running lead managers as international counsel with a team composed by: Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), Varun Jetly (Counsel) and Suchisubhra Sarkar (Senior Associate).
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