GSP Crop Science IPO: Focus Shifts to Allotment Date, Investors Seek Updates on Allocation Status

GSP Crop Science IPO Allotment Status and Listing Details

Key Dates:

• March 20: Finalization of GSP Crop Science IPO share allotment
• March 23: Initiation of refund process for individuals not allotted shares
• March 24: GSP Crop Science IPO listing date on NSE and BSE

IPO Subscription Status:

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The GSP Crop Science IPO received decent demand from the Street, with a subscription status of 1.61 times on day 3. The issue opened for subscription on March 16 and closed on March 18.

IPO Allotment Status:

Investors can check their allotment status on the website of the IPO registrar, MUFG Intime India Private Ltd (Link Intime India Private Ltd). The details include the number of shares assigned and the quantity received. For individuals not allotted shares, the company will initiate the refund procedure.

Listing Details:

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The GSP Crop Science IPO will list on March 24 on the NSE and BSE.

GMP:

The current Grey Market Premium (GMP) for GSP Crop Science IPO is ₹0, indicating that shares are trading at their issue price of ₹320 with no premium or discount in the grey market.

IPO Details:

• Issue Size: ₹400 crore
• Fresh Issue: ₹240 crore
• Offer For Sale (OFS): 50 lakh equity shares (estimated at ₹160 crore at the highest price)
• Debt Repayment: ₹170 crore from the fresh issuance

Lead Managers:

The lead managers for this offering are Equirus Capital and Motilal Oswal Investment Advisors.