Explore how GSP Crop Science Ltd.’s IPO performed during its subscription period, including investor participation on the first day, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
The GSP Crop Science Ltd. IPO opened for subscription on March 16, 2026, marking the company’s entry into the primary market. The company operates in the crop protection and agrochemical sector, offering products designed to improve agricultural productivity.
The public issue is a book-built IPO with a price band of ₹304 to ₹320 per share. The company aims to raise approximately ₹400 crore through this offering. On the opening day, the IPO began receiving early bids from retail investors while institutional participation remained limited during the initial hours.
The GSP Crop Science Ltd. IPO opened with participation across multiple investor categories, with Qualified Institutional Buyers (QIBs) accounting for the highest subscription during the early bidding period. Non-Institutional Investors (NIIs) and retail investors also recorded initial bids, though at relatively lower levels. Subscription figures on the first day typically provide an early indication of market participation trends across investor segments.
On the first day of bidding, the GSP Crop Science Ltd. IPO recorded an overall subscription of 0.41×. Qualified Institutional Buyers accounted for the early bids in the issue.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.19× |
Retail Individual Investors (RII) |
0.07× |
Non-Institutional Investors (NII) |
0.19× |
Others |
N.A. |
Total |
0.41× |
The early subscription data indicates that bidding activity has just begun, with investors expected to monitor participation trends over the remaining days of the subscription period.
On the second day of bidding, the GSP Crop Science Ltd. IPO witnessed steady participation across investor categories. As per the latest available data, the overall issue was subscribed 0.78×, indicating gradual momentum as the subscription period progressed.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.28x |
Retail Individual Investors (RII) |
0.17x |
Non-Institutional Investors (NII) |
1.55x |
Total |
0.78x |
The Non-Institutional Investor segment led the subscription activity, followed by Qualified Institutional Buyers. Retail participation remained comparatively lower during this stage, with subscription levels expected to evolve further as the IPO approaches its closing date.
On the third and final day of bidding, the GSP Crop Science Ltd. IPO witnessed a notable rise in participation across investor categories. As per the latest available data, the issue was subscribed 1.52× overall, indicating increased investor interest as the IPO approached closure.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
2.66x |
Retail Individual Investors (RII) |
0.34x |
Non-Institutional Investors (NII) |
2.80x |
Total |
1.52x |
The Non-Institutional Investor segment led the subscription activity, followed closely by Qualified Institutional Buyers. Retail participation also improved compared to earlier days, contributing to the overall uptick in subscription levels.
The price band for the GSP Crop Science Ltd. IPO is fixed between ₹304 and ₹320 per share, with a face value of ₹10 per share.
Investors can apply for a minimum lot size of 46 shares, and bids can be placed in multiples of this lot size thereafter.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Minimum) |
1 |
46 |
₹14,720 |
At the upper price band, the minimum investment required for retail investors is ₹14,720.
For detailed insights about the company, issue particulars, and the latest updates, visit the GSP Crop Science IPO on Bajaj Markets.
The timeline below highlights the important stages of the IPO process, from subscription to listing.
| Event | Date | Details |
|---|---|---|
IPO Open Date |
March 16, 2026 |
Issue opens for subscription |
IPO Close Date |
March 18, 2026 |
Final day to submit bids |
Basis of Allotment |
March 20, 2026 |
Allotment of shares expected |
Refunds Initiation |
March 23, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
March 23, 2026 |
Shares credited to successful applicants |
Listing Date |
March 24, 2026 |
Shares expected to list on NSE and BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the GSP Crop Science Ltd. IPO using either the ASBA facility through net banking or UPI via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘GSP Crop Science Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘GSP Crop Science Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
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The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner