** Sudeep Pharma's NSE:SUDEEPPHRM 8.95-bln-rupee ($100.9 mln) IPO fully subscribed on first day of three-day bidding process
** IPO subscribed 1.11x as of 03:21 p.m. IST, exchange data shows
** SUDP is a manufacturer of excipients and specialty ingredients for pharmaceutical, food, and nutrition industries
** IPO price band at 563-593 rupees per share
** Offering comprises issue of fresh shares worth up to 950 mln rupees and existing shareholders selling up to 13.5 mln shares aggregating to 8 bln rupees at top end of the price band
** Proceeds from issue of fresh shares will be used towards procurement of machinery for production line at Nandesari facility
($1 = 88.7400 Indian rupees)