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24 Mar 2026
GSP Crop Science shares were listed on the exchanges at a premium on Tuesday, following a 1.61 times subscription to its issue between March 16-18 in the primary market.
Shares of GSP Crop Science were listed at Rs 328 per share on the National Stock Exchange (NSE), a premium of 2.5 percent. The Rs 400-crore issue had a price band of Rs 304-320 per share.
On the BSE, the shares of the company were listed at Rs 332.30, up 3.84 percent. The company's market capitalization post listing of shares stood at Rs 1,545.82-crore.
GSP Crop Science market debut was better than the expectations in the grey market, which had expected a muted listing for the shares of the company.
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The agrochemical company had earlier garnered Rs 120 crore from anchor investors.
Proceeds from the fresh issue, totalling Rs 170 crore, will be used for debt payment, and a portion will be utilised for general corporate purposes.
The Ahmedabad-based company GSP Crop Science is a research-focused agrochemical company with over 39 years of expertise in developing and manufacturing insecticides, herbicides, fungicides, and plant growth regulators in India.
