The GSP Crop Science IPO Day 1 has officially opened for subscription today, marking the company’s entry into the primary market. The public issue will remain open until 18 March 2026, giving investors a three-day window to place their bids.
On the first morning of bidding, the response remained muted. Early subscription numbers show only a small portion of the issue being subscribed. Still, Day 1 activity often sets the tone for how an IPO might unfold over the next two days.
From a market sentiment perspective, the GSP Crop Science IPO Day 1 is drawing attention mainly because of its ₹400 crore issue size and the company’s plan to raise fresh capital while allowing promoters to offload a part of their holdings through the Offer for Sale (OFS).
Let’s break down the key details and numbers behind the IPO.
Market Performance: GSP Crop Science IPO Day 1 Subscription Status
The first few hours of bidding provide the earliest signal of investor interest in a public issue.
As of 10:42 AM on Day 1, the GSP Crop Science IPO Day 1 subscription numbers were still at an early stage:
- Total subscription: 0.01 times
- Retail investor portion: 0.02 times
Such early figures are common during the opening hours of IPO bidding. Typically, subscription activity tends to pick up closer to the final day as investors evaluate pricing and company fundamentals.
Main News: GSP Crop Science IPO Opens for Public Subscription
The biggest development today is the opening of the GSP Crop Science IPO Day 1 for public bidding.
Here are the core details investors should know:
- IPO opening date: 16 March 2026
- IPO closing date: 18 March 2026
- Price band: ₹304 to ₹320 per share
- Issue size: ₹400 crore
- Fresh issue: ₹240 crore
- Offer for Sale (OFS): ₹160 crore
This structure means a portion of the IPO proceeds will go directly to the company through fresh shares, while the OFS portion allows existing shareholders to sell part of their stake.
The GSP Crop Science IPO Day 1 is structured as a book-built issue, meaning the final share price will be decided after considering the bids received from investors within the announced price band.
Company Details: Understanding GSP Crop Science IPO Structure
The GSP Crop Science IPO Day 1 also comes with several structural details that investors typically track closely.
IPO Lot Size
- Lot size: 46 shares per lot
This means bids must be placed in multiples of 46 shares.
IPO Registrar
- Registrar: MUFG Intime India
The registrar manages the application process, allotment, and investor records for the IPO.
IPO Listing Details
The company plans to list its shares on India’s major stock exchanges.
- Proposed listing exchanges: BSE and NSE
- Likely allotment date: 19 March 2026
- Expected listing date: 23 March 2026
Once listed, the company’s shares will begin trading in the secondary market.
Financial Snapshot of GSP Crop Science
Financial performance over recent years provides context to the GSP Crop Science IPO Day 1 narrative.
Here are the consolidated figures reported for recent financial years.
Total Income
- FY23: ₹1206.05 crore
- FY24: ₹1158.23 crore
- FY25: ₹1301.06 crore
- H1 FY26 (ending 30 September 2025): ₹847.61 crore
Net Profit
- FY23: ₹17.57 crore
- FY24: ₹55.54 crore
- FY25: ₹81.42 crore
- H1 FY26: ₹81.07 crore
These numbers show the company reporting higher profits over the past three financial years, with FY25 marking the highest net profit among them.
Borrowings Position
Another important financial data point tied to the GSP Crop Science IPO Day 1 story is the company’s borrowing level.
As of 30 September 2025, the company reported:
- Total fund-based borrowings: ₹321.13 crore
This includes both short-term and long-term borrowings on a consolidated basis
Key Dates for GSP Crop Science IPO
For investors tracking the GSP Crop Science IPO Day 1, here is the complete timeline.
IPO Opens | 16 March 2026 |
IPO Closes | 18 March 2026 |
Expected Allotment | 19 March 2026 |
Proposed Listing | 23 March 2026 |
What Makes the GSP Crop Science IPO Day 1 Important?
The GSP Crop Science IPO Day 1 marks the company’s first step into the public markets.
A few key points define the issue:
- Total IPO size of ₹400 crore
- • The IPO includes a mix of new shares issued by the company and shares offered for sale by existing shareholders.
- Price band between ₹304 and ₹320
- Lot size of 46 shares
- Listing proposed on BSE and NSE
With the subscription window open until 18 March 2026, the coming days will reveal how investor participation evolves before the issue closes.
Summary: GSP Crop Science IPO Day 1 in Focus
The GSP Crop Science IPO Day 1 has started with early subscription activity as investors begin evaluating the issue. The IPO aims to raise ₹400 crore, with ₹240 crore through fresh shares and ₹160 crore via OFS.
Early data shows the issue being 0.01 times subscribed, while the retail segment stands at 0.02 times during the opening hours.
Key milestones ahead include the expected allotment on 19 March 2026 and the proposed stock market listing on 23 March 2026.
For now, the story of the GSP Crop Science IPO Day 1 is just beginning, and the next two days of bidding will determine how the public issue shapes up before it heads toward listing on the stock exchanges.
Source: Livemint
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