GSP Crop Science IPO subscribed 0.98 times on Day 2 So Far
By HDFC SKY | Updated at: Mar 17, 2026 05:46 PM IST
GSP Crop Science IPO subscribed 0.98 times on Day 2, led by strong NII demand while retail participation remains muted.
Mumbai, March 17: GSP Crop Science IPO, a bookbuilding issue aggregating to ₹400 crore, has been subscribed 0.98 times, at the close of day 2 on Tuesday.
The issue opened for subscription on March 16 2026 and is scheduled to close on March 18 2026. The price band has been fixed at ₹304 to ₹320 per share.
The issue comprises a fresh issue of ₹240 crore and an offer for sale worth ₹160 crore. The shares are proposed to be listed on BSE and NSE. MUFG Intime India Pvt Ltd is the registrar to the issue.
GSP Crop Science IPO Day 2 Subscription Status
As of 5:04:37 PM on March 17 2026 (Day 2), GSP Crop Science IPO Category-wise GSP Crop Science IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares Bid For |
| Anchor | 1.00 | 37,50,000 | 37,50,000 |
| QIB (Ex Anchor) | 1.28 | 25,00,000 | 32,03,072 |
| NII | 2.40 | 18,75,000 | 44,98,018 |
| bNII (> ₹10L) | 3.42 | 12,50,000 | 42,73,308 |
| sNII (< ₹10L) | 0.36 | 6,25,000 | 2,24,710 |
| Retail | 0.21 | 43,75,000 | 9,03,946 |
| Total | 0.98 | 87,50,000 | 86,05,036 |
GSP Crop Science Day’s Wise Subscription Summary
| Date | QIB (Ex Anchor) | NII | bNII | sNII | Retail | Total |
| March 16 (Day 1) | 1.28 | 0.29 | 0.36 | 0.15 | 0.11 | 0.48 |
| March 17 (Day 2) | 1.28 | 2.40 | 3.42 | 0.36 | 0.21 | 0.98 |
GSP Crop Science 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 ₹400 crore bookbuilding issue with a price band of ₹304 to ₹320 per share. The offering consists of a fresh issue of 0.75 crore shares aggregating to ₹240 crore and an offer for sale of 0.50 crore shares worth ₹160 crore.
The lot size for the IPO is 46 shares. Retail investors can bid for a minimum of one lot, while sNII and bNII investors have higher minimum investment thresholds based on lot multiples.
The company operates in the agrochemical segment, focusing on crop protection solutions and related products.
Source: https://www.nseindia.com/market-data/issue-information?symbol=GSPCROP&series=EQ&type=Active
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