GSP Crop Science IPO Day 1 Subscription Status: Issue Subscribed 0.48x
By HDFC SKY | Published at: Mar 16, 2026 05:21 PM IST
GSP Crop Science IPO subscribed 0.48 times on Day 1 as of 4:54 PM on March 16 with QIB demand leading while retail and NII participation remained muted.
Mumbai, March 16: The ₹400 crore GSP Crop Science IPO opened for subscription on Monday and will close on March 18, 2026. The book-built issue is priced in the band of ₹304 to ₹320 per share and comprises a fresh issue of shares aggregating to ₹240 crore and an offer for sale worth ₹160 crore.
The public issue is being managed by Equirus Capital Pvt Ltd as the book running lead manager, while MUFG Intime India Pvt Ltd is acting as the registrar. The company’s shares are proposed to be listed on both the BSE and NSE.
GSP Crop Science IPO Day 1 Subscription Status
As of 4:54 PM on March 16, 2026 (Day 1), the GSP Crop Science IPO was subscribed 0.48 times overall, according to exchange data.
Category-wise IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares Bid For |
| QIB (Ex Anchor) | 1.28 | 25,00,000 | 32,03,072 |
| NII (HNI) | 0.29 | 18,75,000 | 5,37,694 |
| Retail Individual Investors | 0.10 | 43,75,000 | 4,48,316 |
| Total | 0.48 | 87,50,000 | 41,89,082 |
Anchor investors had already subscribed to their allocated 37,50,000 shares, raising ₹120 crore ahead of the issue opening.
Previous Day’s Subscription Summary
The IPO opened for bidding on March 16, 2026. By the end of Day 1, institutional demand led the subscription, with the QIB category subscribed 1.28 times, while retail and non-institutional investors recorded lower participation.
IPO Timeline
| Event | Date |
| Issue Open Date | March 16 2026 |
| Issue Close Date | March 18 2026 |
| Basis of Allotment | March 20 2026 |
| Initiation of Refunds | March 23 2026 |
| Credit of Shares | March 23 2026 |
| Listing Date | March 24 2026 |
Brief Overview Of The IPO
GSP Crop Science IPO is a book-built issue aggregating to ₹400 crore, consisting of a fresh issue of 75,00,000 shares worth ₹240 crore and an offer for sale of 50,00,000 shares worth ₹160 crore.
The IPO price band is fixed at ₹304 to ₹320 per share with a face value of ₹10 per share. Investors can apply in a lot size of 46 shares and in multiples thereafter.
GSP Crop Science operates in the crop protection and agrochemical segment, manufacturing and marketing products used in agricultural pest management and crop yield enhancement.
Source;
https://www.nseindia.com/market-data/issue-information?symbol=GSPCROP&series=EQ&type=Active
Disclaimer
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
