GSP Crop Science IPO: Agrochemical company GSP Crop Science has garnered Rs 120 crore from anchor investors before the opening of its initial public offering (IPO). The entities that participated in the anchor round are Shine Star Build Cap Pvt Ltd, Craft Emerging Market Fund PCC-Citadel Capital Fund and Craft Emerging Market Fund PCC-Elite Capital Fund, according to a circular uploaded on BSE's website.
As per the circular, the company informed the bourses that it allocated 37.50 lakh equity shares at Rs 320 per share to anchor investors.
GSP Crop Science IPO Subscription Date
The company's Rs 400-crore initial share-sale will open for public subscription on March 16 and conclude on March 18.
The Ahmedabad-based company's initial public offering (IPO) consists of a fresh issue of shares worth Rs 240 crore and an Offer For Sale (OFS) of 50 lakh equity shares valued at Rs 160 crore at the upper end by promoters, aggregating Rs 400 crore.
Proceeds from the fresh issue, totalling Rs 170 crore, will be used for debt payment, and a portion will be utilised for general corporate purposes.
GSP Crop Science IPO Price Band, Lot Size
The price band has been fixed at Rs 304-320 per share for the IPO, valuing the company at Rs 1,489 crore at the higher end.
GSP Crop Science is offering 46 shares per lot at Rs 14,720 crore.
GSP Crop Science IPO Allotment, Registrar
GSP Crop Science IPO allotment will be declared on the website of registrar, which is MUFG Intime India Pvt. Ltd. Investors can check their IPO allotment status just by entering PAN details on MUFG website.
GSP Crop Science Shares Listing Date
The equity shares of GSP Crop Science will list on both the leading bourses – BSE and NSE. The listing will take place on March 24 at 10 am.
GSP Crop Science is a research-focused agrochemical company with over 39 years of expertise in developing and manufacturing insecticides, herbicides, fungicides, and plant growth regulators in India.
GSP Crop Science operates four manufacturing facilities located in Ahmedabad (Odhav and Kathwada), Vadodara (Nandesari), and Samba (Jammu & Kashmir).
