GSP Crop Science IPO: Check Day 1 Subscription Status, GMP, Other Key Details

GSP Crop Science has tapped the primary market with its initial public offering (IPO) worth Rs. 400 crore. The subscription window for the public issue opened on March 16 and will close on March 18. The latest grey market premium (GMP) indicates muted listing prospects of the company at its debut on the stock exchanges.  

GSP Crop Science IPO: Offer Size

GSP Crop Science IPO is worth Rs. 400 crore, which includes a mix of 7.5 million fresh issue of equity shares and 5.0 million shares on offer-for-sale (OFS). On the issue, the price band has been fixed at Rs. 304-320 per share. The minimum lot size to apply to the issue is 46 shares. For retail individual investors, the minimum investment amount to apply in the issue is Rs. 14,720.

Equirus Capital is the book-running lead manager, while MUFG Intime India is the registrar of the issue. After the bidding window closes on March 18, share allotment of the IPO is expected to be finalised on March 20, and the tentative listing date of the stock is on March 24.

GSP Crop Science IPO: Subscription Status

GSP Crop Science's primary issue has been subscribed to by only 8 per cent of investors across classes, at the time of writing. Retail individual investors have applied for 5 per cent of their quota, booking for 219,282 shares so far. Meanwhile, qualified institutional buyers, for whom nearly 2.50 million shares have been reserved, have applied for 18 per cent of their quota so far. Non-institutional investors have only applied for 36,156 shares in the issue so far, which is 2 per cent of the 1.93 million shares reserved for them.

GSP Crop Science IPO: GMP Today

According to multiple websites, the GMP of GSP Crop Science is at zero, indicating no gains or losses for investors at the listing of the stock on NSE and BSE. The GMP has remained at zero, showing no changes so far, with the expected listing at Rs. 320 per share, at the upper end of the price band in the primary market.

GSP Crop Science IPO: Key Financials

GSP Crop Science earned a net profit of Rs. 81.07 crore on a total income of Rs. 847.61 crore during the first half of the financial year 2025-26. The Ebitda of the company during the first six months of FY26 stood at Rs. 138.86 crore.

In FY25, the company earned Rs. 81.42 crore on a total income of Rs. 1,301.06 crore. Both the net profit and total income of the company rose in FY25 from Rs. 55.54 crore and Rs. 1,158.23 crore, respectively, in FY24.

Total assets of the company stood at Rs. 1,491.69 crore by the end of September 2025, up from Rs. 1,228.50 crore by the end of March, 2025. Total borrowings of the company were at Rs. 321.13 crore by the end of September, 2025, rising from Rs. 295.60 crore at the end of March, 2025.

GSP Crop Science IPO: Objective

The company has earmarked Rs. 170 crore out of Rs. 240 crore aimed to be raised through the fresh issue, towards repaying and prepaying the debt of the company. The rest of the funds raised from the fresh issue will be used for general corporate purposes.