GSP Crop Science IPO Subscribed 1.64 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 18th March 2026 - 05:42 pm
GSP Crop Science Limited's initial public offering (IPO) closed its three-day subscription window at 1.64 times overall subscription by 4:54 PM on Day 3 (March 18, 2026). The ₹400 crore book-build issue, priced at ₹304–₹320 per share, received bids for 1,43,54,300 shares against 87,50,000 shares on offer, with total applications reaching 34,887.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of GSP Crop Science IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (March 16) | 1.28 | 0.29 | 0.10 | 0.48 |
| Day 1 (March 17) | 1.28 | 2.40 | 0.21 | 0.98 |
| Day 1 (March 18) | 2.66 | 3.14 | 0.42 | 1.64 |
Here are the subscription details for GSP Crop Science IPO Day 3, as of 4:46 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 37,50,000 | 37,50,000 | 120.00 |
| QIB (Ex-Anchor) | 1.28 | 25,00,000 | 66,46,356 | 212.68 |
| NII | 2.40 | 18,75,000 | 58,89,840 | 188.48 |
| Retail | 0.21 | 43,75,000 | 18,18,104 | 58.18 |
| Total | 0.98 | 87,50,000 | 1,43,54,300 | 459.34 |
Key Highlights – Day 3
- Overall subscription reached 1.64 times, improving from Day 2's 0.98 times, with strong institutional and HNI demand driving the issue past full subscription on the final day.
- Non-institutional investors led at 3.14 times, building from Day 2's 2.40 times, with bNII at 4.11 times and sNII crossing full subscription at 1.20 times.
- Qualified institutional buyers (ex-anchor) more than doubled to 2.66 times from Day 2's 1.28 times, indicating a sharp surge in institutional interest on the closing day.
- Retail investors improved to 0.42 times from Day 2's 0.21 times, though participation remained below full subscription.
Key Highlights – Day 2
- Overall subscription reached 0.98 times, showing substantial improvement from Day 1's 0.48 times.
- Non-institutional investors drove the surge, crossing full subscription at 2.40 times from Day 1's 0.29 times, with bNII at 3.42 times and sNII at 0.36 times.
- Qualified institutional buyers (ex-anchor) held steady at 1.28 times, unchanged from Day 1.
- Retail investors improved to 0.21 times from Day 1's 0.11 times.
Key Highlights – Day 1
- Overall subscription reached 0.48 times, reflecting moderate initial investor interest in this agrochemical IPO.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 1.28 times on the opening day.
- Non-institutional investors recorded 0.29 times, with bNII at 0.36 times and sNII at 0.15 times on Day 1.
- Retail investors showed subdued participation at 0.11 times on Day 1.
- Anchor investors fully subscribed their allocation of ₹120 crores on March 13, 2026.
About GSP Crop Science Limited
Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the manufacturing of insecticides, herbicides, fungicides, and plant growth regulators. The company holds 524 registrations across formulations and technicals as of September 30, 2025, supported by 102 granted patents and 108 patent applications under process as of March 10, 2026. It serves customers across 20 states in India and exports to 37 countries including the USA, Brazil, Vietnam, UAE, and Australia.
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