GSP Crop Science to Float IPO at ₹304-320 per Share
GSP Crop Science IPO Update
The ₹304 to ₹320 price band has been fixed for the GSP Crop Science Initial Public Offering (IPO), with a face value of ₹10 per equity share. The IPO subscription period is scheduled to begin on Monday, March 16 and will close on Wednesday, March 18.
The allocation to anchor investors is set to take place on Friday, March 13. Key IPO details include a floor price of 30.40 times the face value and a cap price of 32 times the face value. The 46 equity share lot size applies, with further allocations in multiples of 46 equity shares.
The GSP Crop Science IPO has reserved not more than 50% of shares for Qualified Institutional Buyers (QIB), not less than 15% for Non-Institutional Institutional Investors (NII), and not less than 35% for Retail Investors.
The basis of allotment of shares is expected to be finalized on Friday, March 20, with refunds initiated on Monday, March 23. The shares will be credited to the demat accounts of allottees on the same day, following refunds. The GSP Crop Science share price is anticipated to be listed on the BSE and NSE on Tuesday, March 24.
Investor Takeaway
Investors should be aware of the IPO details and pricing for GSP Crop Science.
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