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GSP Crop Science IPO: Investors are now awaiting the allotment of shares for the GSP Crop Science IPO, which is expected to be finalised on Friday, March 20, 2026. Following the allotment, shares will be credited to the demat accounts of successful applicants, while refunds will be initiated for those who did not receive allotment.
Investors who have applied for the IPO can check their allotment status online on the websites of BSE and NSE, or the issue registrar, MUFG Intime India. Here's how you can view your allotment status step-by-step through the direct links:
1) Visit the NSE website:- www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
2) Select 'Equity and SME IPO bid details'
3) Choose 'GSPCROP' from the dropdown list
4) Enter your PAN and application number
5) Click submit
1) Go to the BSE website:- www.bseindia.com/investors/appli_check.aspx
2) Select 'Equity' under issue type
3) Choose 'GSP Crop Science Limited'
4) Enter your application number or PAN
5) Click search to view your allotment status
1) Visit the MUFG Intime India website:- in.mpms.mufg.com/Initial_Offer/public-issues.html
2) Select the company name from the dropdown menu
3) Enter your PAN, application number, or demat account details
4) Click submit
The Rs 400 crore public issue of GSP Crop Science Ltd concluded its three-day bidding process on March 18, with an overall subscription of 1.61 times, according to provisional data available on the exchanges. Investors bid for approximately 1.43 crore shares against the total number of shares offered.
The Rs 400 crore IPO was a book build issue consisting of a mix of fresh issue of 0.75 crore shares (Rs 240 crore) and an offer for sale (OFS) of 0.50 crore shares (Rs 160 crore).
Through OFS, the company promoters Vilasben Vrajmohan Shah, Bhavesh Vrajmohan Shah and Kappa Trust are offloading their stakes.
The price band for the IPO was fixed at Rs 304 to Rs 320 per share. Investors could bid in lots of 46 shares. At the upper price band of Rs 320 per share, the minimum investment required for retail investors was Rs 14,720.
The GSP Crop Science IPO shares are scheduled to list on both the stock exchanges, BSE and NSE, with a tentative listing date of March 24, 2026, at 10 am.
The book-running lead managers for the issue were Equirus Capital Pvt Ltd and Motilal Oswal Investment Advisors Limited, while MUFG Intime India Pvt Ltd was appointed as the registrar of the issue.
Established in 1985, GSP Crop Science Limited operates in the agrochemical space, focusing on the production of insecticides, herbicides, fungicides, and plant growth regulators. The company’s market capitalisation is around Rs 1,500 crore.
The company develops solutions aimed at improving farm productivity by protecting crops from pests, weeds, and diseases. Its offerings include both formulations—combinations of active ingredients and additives—and technical-grade products, which are concentrated active substances used in agrochemical manufacturing.
With a broad in-house product range, the company is involved in the end-to-end process of developing, manufacturing, and distributing agrochemical products, catering to diverse agricultural requirements.