GSP Crop Science IPO Subscription Status Day 1: Issue Subscribed 0.08x
By HDFC SKY | Published at: Mar 16, 2026 01:36 PM IST
GSP Crop Science IPO subscribed 0.08 times on Day 1 so far with modest early demand across investor categories.
Mumbai, March 16: The ₹400 crore initial public offering of GSP Crop Science opened for subscription on Monday. The book-built issue is priced in the band of ₹304 to ₹320 per share and will remain open for bidding until March 18, 2026.
The public issue comprises a fresh issue of 0.75 crore shares aggregating to ₹240 crore and an offer for sale of 0.50 crore shares aggregating to ₹160 crore.
GSP Crop Science IPO Day 1 Subscription Status
As of 12:34 PM on March 16, the GSP Crop Science IPO was subscribed 0.08 times overall on the first day of bidding.
Institutional and retail investors showed early participation, though subscription levels remained below full coverage during the initial hours.
Category-wise GSP Crop Science IPO Subscription Status
| Category | Subscription (x) |
| QIB (Ex Anchor) | 0.18x |
| NII / HNI | 0.02x |
| Retail | 0.05x |
| Total | 0.08x |
Anchor investors had already subscribed to their reserved portion ahead of the public opening.
GSP Crop Science IPO Timeline
| Event | Date |
| IPO Open Date | March 16 2026 |
| IPO 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 GSP Crop Science IPO
| Detail | Information |
| Issue Size | ₹400 crore |
| Fresh Issue | ₹240 crore |
| Offer for Sale | ₹160 crore |
| Price Band | ₹304 to ₹320 per share |
| Face Value | ₹10 per share |
| Lot Size | 46 shares |
| Listing Exchange | BSE, NSE |
| Book Running Lead Manager | Equirus Capital Pvt Ltd |
| Registrar | MUFG Intime India Pvt Ltd |
GSP Crop Science operates in the agrochemical sector, manufacturing and supplying crop protection products including insecticides, herbicides and fungicides for the agriculture industry.
The company plans to utilise proceeds from the fresh issue for business expansion and general corporate purposes.
Source: https://www.nseindia.com/market-data/issue-information?symbol=GSPCROP&series=EQ&type=Active
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