Kolkata: GSP Crop Science IPO has almost mobilised the amount it set out to raise. In the first two days o the application process, the GSP Crop Science IPO was subscribed 0.98 times overall — 0.21 times in the retail category, 1.28 times in QIB category and 2.40 times in the NII category. The company intends to raise Rs 400 crore via a fresh issue worth Rs 240 crore and an Offer for Sale part to raise Rs 160 crore. As much as 50% of the issue has been reserved for Qualified Institutional Buyers, 35% for retail investors and 15% for non-institutional investors.
The management intends to utilise the issue proceeds to repay debt and meet general corporate requirements. The minimum lot size for a retail investor in 46 shares. However, analysts have flagged a few risk factors for the Ahmedabad-based agro-science company. Valuation risks, inconsistent growth in revenue and dependence on a few suppliers for raw materials have been pointed out as the risk factors for the issue.
GSP Crop Science IPO GMP
According to investorgain, in early morning of March 18, the third day of the bidding process, GSP Crop Science IPO GMP stood at Rs 0. Therefore, the estimated listing prices of GSP Crop Science share will be Rs 320 and the listing gain will be 0.00%. It is to be noted that the GMP of this issue has never been more than zero, which signals tepid interest among investors. However, one must remember that GMP is an unofficial indicator, can be very volatile and cannot guarantee any listing gain.
GSP Crop Science IPO price band, lot size
The GSP Crop Science IPO price band was fixed at Rs 304-320 per share. A retail investor has to apply for a minimum of 46 shares which will need an application amount of Rs 14,720 based on the upper end of the price band. The minimum investible lot for sNII investors is 14 lots or 644 shares and that for bNII of investors is 68 lots or 3,128 shares. Equirus Capital is the book running lead manager and MUFG Intime India is the registrar of the issue.
GSP Crop Science IPO important dates
Bid closes: Today, March 18
Allotment: March 20
Refund: March 23
Credit of shares: March 23
Listing: March 24, 2026
GSP Crop Science business
GSP Crop Science in engaged in development and manufacture of herbicides, fungicides, insecticides and plant growth regulators. The company owns four manufacturing plants with a combined capacity of 15,120 MTPA (technical) and 43,672 MTPA (formulation). The company’s revenue for FY25 stood at Rs 1,287.38 crore, which marks a slight increase from Rs 1,152.16 crore in FY24. In the same period the net profit rose from Rs 61.28 crore to Rs 82.13 crore — a surge of 34%.
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