GSP Crop Science IPO

Agrochemical - Listed on 24 March 2026

+2.5% listing gain
Issue Price (Upper)
Rs 320
Listing Price
Rs 328
Closing Price (NSE)
Rs 356.25
Total Subscription
1.61x

GSP Crop Science IPO listing summary

GSP Crop Science (Agrochemical) closed its IPO window in 2026 and listed on NSE and BSE on 24 March 2026 at an upper band issue price of Rs 320, opening at Rs 328 for a listing gain of +2.5% and closing day one at Rs 356.25 (+11.3% on closing basis). The IPO was subscribed 1.61x overall - QIB 2.66x, HNI/NII 3.05x, Retail 0.40x. The total issue size was Rs 400 Cr (Fresh Issue Rs 240 Cr, OFS Rs 160 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About GSP Crop Science

Agrochemical

GSP Crop. Science manufactures and markets crop-protection products, including agrochemicals used by farmers and distributors. Product registrations, distribution reach and seasonal demand influence sales. That places. GSP Crop. Science in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. Like other companies in this space, it must convert its operating network and customer base into consistent cash generation as it grows. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About GSP Crop Science IPO

Issue structure, listing outcome and context

The ₹400 crore. IPO included ₹240 crore fresh capital and an offer for sale at ₹320. Proceeds were intended for business needs, and shares listed at ₹328. It combined a fresh issue of ₹240 crore with an offer for sale of ₹160 crore. The stock listed at ₹328, a reported opening gain of 2.5%. Investors comparing this issue with peers would also need to consider valuation, earnings quality, debt, competition and the risks disclosed in the offer documents. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
+2.50%
Listing Gain (Close)
+11.33%
Day Change After Listing
+8.83%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB2.66x
HNI / NII3.05x
Retail0.40x
Overall1.61x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.47x
Day 20.96x
Day 3 (Final)1.61x

GSP Crop Science IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 00.00%
Day 2Rs 00.00%
Day 3Rs 00.00%
Day 4Rs 00.00%
Day 5Rs 00.00%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
0.0%
IPOGyani AI Prediction
-4.1%
Actual Listing Gain
+2.5%

Prediction Accuracy: 6.6 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 400 Cr
Fresh IssueRs 240 Cr
OFSRs 160 Cr
IPO PE8.99
Peer / Sector PE27.54
PE vs Sector Ratio0.33
Latest EBITDA (Cr)12.74
Debt / Equity0.58

Market context at listing

How the broader market moved around the GSP Crop Science IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.39%
Nifty 1W Return-2.84%
Nifty 1M Return-10.40%
Nifty during IPO window-2.12%

GSP Crop Science IPO - FAQs

What was the listing gain of GSP Crop Science IPO?

GSP Crop Science IPO listed at +2.5% versus the upper issue price of Rs 320 on 24 March 2026.

How many times was GSP Crop Science IPO subscribed?

GSP Crop Science IPO was subscribed 1.61x overall. QIB portion was subscribed 2.66x, HNI / NII 3.05x and Retail 0.40x.

What was the IPO GMP for GSP Crop Science?

IPO GMP started at Rs 0 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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