GSP Crop Science Shares Price: GSP Crop Science shares on Tuesday (March 24) jumped nearly 9 per cent in the debut trade. On the NSE, GSP Crop Science shares closed 8.6 per cent higher at Rs 356.25.
On the BSE, GSP Crop Science shares closed at Rs 356.10, up 7.16 per cent.
GSP Crop Science commanded a market capitalisation of Rs 1,656.53 crore at the close, according to the BSE website.
Earlier in the morning, GSP Crop Science shares listed with a premium of nearly 4 per cent against the issue price of Rs 320.
The stock started trading at Rs 332.30, up 3.84 per cent from the issue price on the BSE. At the NSE, the stock was listed at Rs 328, a premium of 2.5 per cent.
GSP Crop Science is an agrochemical company.
GSP Crop Science IPO had received 1.61 times subscription on the closing day of bidding on Wednesday last week.
The Rs 400-crore IPO had a price band of Rs 304-320 per share.
The Ahmedabad-based company's initial public offering (IPO) had 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 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.



