GSP Crop Science Ltd's Initial Public Offering Update

Key Figures:

• ₹120 crore: Raised from anchor investors
• ₹304-320: IPO price band per share
• ₹1,489 crore: Company valuation at the upper end of the price range
• ₹400 crore: Total initial share sale
• 46: Equity shares in a lot size
• 15%: Minimum share reservation for non-institutional investors
• 35%: Minimum share reservation for retail investors
• ₹0: Grey market premium (GMP) as of today

Subscription Status:

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• 47%: Subscription rate on the first day of bidding
• 11%: Retail portion subscribed
• 28%: NII portion subscribed
• 1.28x: Bids received for QIBs portion

IPO Details:

• Equirus Capital and Motilal Oswal Investment Advisors: Lead managers for the book-running process
• MUFG Intime India: Registrar for the IPO
• ₹240 crore: New share issuance at the upper end of the price range
• 50 lakh equity shares: Offer for sale (OFS) by promoters

Company Overview:

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• GSP Crop Science Ltd: A research-driven agrochemical firm with over 39 years of experience
• ₹400 crore: Total initial share sale, consisting of new share issuance and OFS

Share Listing:

• Tuesday, March 24: Expected listing date on BSE and NSE
• Friday, March 20: Tentative basis of allotment of shares finalization
• Monday, March 23: Refunds and share crediting to demat accounts

Recommendations:

• Adroit Financial Services Private Ltd: Advises to "Subscribe" to the IPO for long-term investment
• BP Equities: Recommends a "SUBSCRIBE" rating due to the company's growth prospects and reasonable valuation