GSP Crop Science shares trade 13% above ₹320-IPO price after modest premium debut

Shares of GSP Crop Science Ltd made a modest debut on the stock exchanges on Tuesday, listing at a premium of 2.5–4 per cent over the issue price of ₹320, and extended gains during the session amid healthy investor interest.

On the BSE Ltd, the stock listed at ₹332.30, reflecting a premium of 3.8 per cent against the offer price. It gathered further momentum after listing and surged to an intraday high of ₹362.30.

On the National Stock Exchange of India, the scrip debuted at ₹328, up 2.5 per cent from the issue price. Buying interest strengthened as the session progressed, pushing the stock nearly 13.4 per cent above the IPO price to hit a high of ₹363.

The strong listing performance follows a steady response to the company’s initial public offering. The ₹400-crore IPO of the agrochemical firm was subscribed 1.61 times overall. Ahead of the IPO, the company raised ₹120 crore from anchor investors. The price band for the issue was fixed at ₹304–320 per share, valuing the Ahmedabad-based company at ₹1,489 crore at the upper end.

The public issue comprised a fresh issue of shares worth ₹240 crore and an Offer For Sale of 50 lakh equity shares valued at ₹160 crore at the upper price band by promoters, taking the total issue size to ₹400 crore.

Proceeds from the fresh issue, amounting to ₹170 crore, will be utilised for debt repayment, while the remaining funds will be used for general corporate purposes.

Incorporated over three decades ago, GSP Crop Science is a research-driven agrochemical company engaged in the development and manufacturing of insecticides, herbicides, fungicides and plant growth regulators. The company has more than 39 years of operating experience in the domestic agrochemical market.

Published on March 24, 2026