GSP Crop Science IPO GMP In Focus On Final Day Of Subscription - What Investors Should Know

GSP Crop Science, which launched its initial public offering (IPO) to raise Rs 400 crore from the primary market, was subscribed 0.97 times on the second day of bidding on Tuesday. The Ahmedabad-based agrochemical company which manufactures insecticides, herbicides, fungicides, and other chemicals, will conclude its three-day subscription period on March 18.

Ahead of its listing, the grey market premium (GMP) for the mainboard issue has been one of the top trending searches in the 'Business and Markets' segment signalling interest among investors eyeing the GSP Crop Science IPO. Despite the high interest, the current GMP for GSP Crop Science IPO suggests a flat listing when the stock makes its debut next week.

Here's all you need to know about the GSP Crop Science IPO

GSP Crop Science IPO GMP Today

According to InvestorGain, the GMP for the GSP Crop Science IPO was Rs 0 on March 18. This means that the unlisted shares of the company were trading at Rs 320, the upper limit of the IPO price band.

Note: GMP does not represent official data and is based on speculation.

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GSP Crop Science IPO: Key Details

The GSP Crop Science IPO is a book build issue of Rs 400 crore. It comprises a fresh issue of 75 lakh shares worth Rs 240 crore and an offer-for-sale (OFS) of 50 lakh shares amounting to Rs 160 crore.

The price band for the IPO is set between Rs 304 and Rs 320 per share. The IPO was booked 0.47 times on Monday, with investors bidding for 42,37,658 shares against the 89,47,367 shares on offer. The demand for the mainboard offer was led by QIBs, who fully subscribed the issue on the opening day.

To participate in the IPO, retail investors need to bid for a single lot size of 46 shares, requiring an investment of Rs 14,720. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,06,080. Big Non-Institutional Investors can participate in the IPO by bidding for a minimum of 68 lots. It will lead to an investment of Rs 10,00,960.

Equirus Capital Ltd. is the book-running lead manager and MUFG Intime India Ltd. is the registrar of the issue.

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GSP Crop Science IPO: Allotment And Listing Date

The allotment status for the IPO is expected to be finalised on March 20. The company will transfer shares to the demat accounts of successful bidders on March 23 and refunds for non-allottees will be done on the same day.

The shares of the company are scheduled to list on the BSE and NSE on March 24.

Use Of Proceeds

The company will use proceeds from the IPO to clear debt and for general corporate purposes.

About GSP Crop Science

GSP Crop Science is an agrochemical company producing insecticides, herbicides, fungicides, and plant growth regulators. It was established in 1985 and is headquartered in Ahmedabad.

Financials

The company reported a 46.6% year-on-year (YoY) rise in net profit to Rs 81.42 crore in FY25 from Rs 55.54 crore in FY24. Total income grew 12.33% to Rs 1,301.06 crore in FY25 from Rs 1,158.23 crore in FY24.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

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