GSP Crop Science IPO fully subscribed on final day: Check allotment date and steps

GSP Crop Science IPO: Agrochemical company GSP Crop Science Ltd's initial public offering has been subscribed 1.59 times so far on Wednesday, March 18, the final day of bidding. The IPO has secured bids for 1,42,20,026 shares against 89,47,367 shares on offer, as per NSE data until 3:42 pm.

The portion meant for non-institutional investors attracted 3.04 times subscription. The quota for qualified institutional buyers (QIBs) got 2.66 times subscription, while retail individual investors (RIIs) part was booked 38%.

The ₹400 crore initial share sale, with a price band of ₹304 to ₹320 per share, was a combination of a fresh issuance of shares valued at ₹240 crore and an offer for sale component of ₹160 crore by promoters Bhavesh Vrajmohan Shah, Kappa Trust and Vilasben Vrajmohan Shah.

Funds raised to the tune of ₹170 crore will be used for debt clearance and corporate general purposes.

GSP Crop Science is a research-focused agrochemical company. It is into the development and manufacturing of insecticides, fungicides, herbicides and plant growth regulators in India.

On the financial front, the company's profit after tax stood at ₹83.44 crore in the financial year 2024-25, compared to ₹61.33 crore in the previous fiscal year. Its revenue from operations was at ₹1,287.38 crore in FY25 vs ₹1,152.16 crore in FY24.

GSP Crop Science IPO allotment and listing date

GSP Crop Science IPO allotment is expected to be finalised on Friday, March 20. The listing on stock exchanges will occur on Tuesday, March 24.

How to check GSP Crop Science IPO allotment status on NSE

• Open this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Equity & SME IPO bid details'
• From the 'Select Symbol' dropdown, choose 'GSPCROP'
• Mention your PAN card number and application number
• Press the 'Submit' button

Steps to check GSP Crop Science IPO allotment status on MUFG Intime India

• Head to registrar's allotment status page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘GSP Crop Science Limited’ from the issue names
• Enter any one: application no., PAN, DP/client ID or account No/IFSC
• Hit the ‘Submit’ button

GSP Corp Science IPO GMP

According to investorgain.com and media reports, GSP Corp Science's unlisted shares are trading at ₹320, reflecting a grey market premium of 0% against the upper price band of ₹320.