GSP Crop Science's initial public offering (IPO) garnered strong interest from investors. IPO share allotment is expected to be finalised on March 20. Meanwhile, the grey market premium (GMP) remained at zero

GSP Crop Science IPO Allotment Today: Check Status Online; GMP Continues To Indicate Muted Prospects

GSP Crop Science’s share allotment is expected to be finalised on March 20. Investors who applied for the initial public offering (IPO) during the subscription window can check their allotment on the official websites of NSE, BSE and the registrar of the issue.

The IPO bidding window was open from March 16 to March 18. By the end of the subscription window, investors across classes had booked 1.6 times the issue size of GSP Crop Science, applying for 14.36 million shares.

Non-institutional investors (NIIs) booked 3.05 times their quota, applying for 5.89 million shares. Large NIIs booked nearly 4 times their quota, subscribing for 5.14 million shares, while smaller NIIs booked 1.2 times their quota, booking for 749,616 shares by the end of the issue. Qualified institutional buyers (QIBs) have booked 2.7 times their reserved quota, applying for 6.65 million shares. Meanwhile, retail individual investors (RIIs) showed tepid interest in the issue, booking only 40 per cent of their quota, subscribing to 1.83 million shares.

The company raised Rs. 400 crore through the IPO, which included 7.5 million fresh issue and 5 million shares on offer-for-sale (OFS). On the issue, the price band was at Rs. 304-320 per share with a minimum lot size of 46 shares. The minimum investment amount for RIIs was Rs. 14,720.

Equirus Capital was the book-running lead manager of the issue, while MUFG Intime India was the registrar. After the allotment of shares is finalised, the stock is expected to be listed on March 24 on the stock exchanges. As per the latest grey market premium (GMP), according to various websites, the stock is expected to be listed without any gains or losses on the exchanges.

How to Check GSP Crop Science IPO Allotment Status: Step-by-Step Guide

Share allotment of GSP Crop Science can be found on the official websites of the stock exchanges. It can also be found on the registrar, MUFG Intime India’s official website. Here is a guide to navigate through each of the websites to check the share allotment of the IPO.

On the page that opens next, click the ‘Check Status’ box or the ‘Application Status Check’ text hyperlink at the end of the page.