GSP Crop Science Ltd shares debuted with a 4% premium on BSE, opening at Rs 332.30, rising by 13.21% to Rs 362.30. The IPO attracted a 1.61 times subscription, raising Rs 400 crore. Funds aim at debt reduction and corporate purposes. GSP specializes in agrochemicals with four decades of expertise.

GSP Crop Science Ltd Surges on Market Debut

On Tuesday, GSP Crop Science Ltd made a robust stock market debut, marking a nearly 4% premium to its issue price of Rs 320, opening at Rs 332.30 on the BSE.

The stock performance soared, climbing 13.21% to reach Rs 362.30. At NSE, it was listed at Rs 328, reflecting a 2.5% premium.

With a market valuation of Rs 1,535.12 crore, the IPO garnered 1.61 times subscription, raising Rs 400 crore for debt payment and corporate purposes. The Ahmedabad-based firm is renowned for its four-decade expertise in agrochemicals.

(With inputs from agencies.)