GSP Crop Science Opens Rs 400 Crore IPO with 47% Subscription on Day One

GSP Crop Science Ltd opened its Rs 400 crore IPO on March 16, priced between Rs 304 and Rs 320 per share, with a three-day subscription window closing on March 18. The issue includes a fresh share component of Rs 240 crore for debt repayment and an offer for sale of Rs 160 crore by existing promoters. The IPO received about 47% subscription on Day 1, led by strong demand from qualified institutional buyers, while retail participation remained modest. The company, with over 39 years in agrochemicals, plans to list on BSE and NSE by March 24.