GSP Crop Science IPO Sees Allotment Date; Investors Can Check Latest GMP and Status Online

GSP Crop Science IPO Allotment Status and Listing

Key Highlights

• GSP Crop Science, an agrochemical firm, is gearing up for its listing on Tuesday, March 24 on both the NSE and BSE.
• The company's initial public offering (IPO) saw robust investor participation, with 1.64 times subscription by the end of Day 3.
• The retail portion was subscribed 0.42 times, NII portion was booked 3.14 times, and QIBs portion received 2.66 times bids.

IPO Details

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• GSP Crop Science launched its IPO with a total issue size of ₹400 crore, comprising a fresh issue of shares worth ₹240 crore and an offer for sale (OFS) of 50 lakh equity shares aggregating to ₹160 crore by its promoters.
• The IPO price band was fixed at ₹304–₹320 per share, implying a valuation of around ₹1,489 crore at the upper end of the band.

IPO Subscription Status

• The IPO was subscribed 1.64 times by end of Day 3.
• The retail portion was subscribed 0.42 times, and NII portion was booked 3.14 times, while the QIBs portion received 2.66 times bids.
• The company received bids for 1.43 crore shares against 87.50 lakh shares on offer.

Listing and Allotment Status

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• Investors can check the GSP Crop Science IPO allotment status online through the BSE website or via MUFG Intime India, the registrar to the issue.
• The allotment status will be displayed on the screen after selecting the required details.
• Refunds for applicants who did not receive an allotment will be processed on Monday, March 23.

Company Profile

• GSP Crop Science is a research-driven agrochemical company with over 39 years of experience in manufacturing insecticides, herbicides, fungicides, and plant growth regulators.
• The company offers crop protection solutions by producing both formulations and technicals.
• As of September 30, 2024, the company had secured 507 product registrations across formulations and technicals, reflecting its strong focus on research and development.