GSP Crop Science Lists at 4% Premium, Beats Zero GMP

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Positive Market Debut

GSP Crop Science lists at ₹332.30 on BSE (3.84% premium) and ₹328 on NSE (2.50% premium) March 24. Outperforms zero grey market premium expectations significantly

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Investor Returns

Each lot (46 shares) earns ₹565.80 at BSE listing price. ₹400 crore IPO (₹240 crore fresh + ₹160 crore OFS) subscribed 1.64x overall

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Anchor Support Strong

Raised ₹120 crore from anchor investors at ₹320/share March 13. QIB category subscribed 2.66x, NII 3.14x. Retail lagged at 0.42x only

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Strong Fundamentals

FY24 profit surged 365% to ₹61.29 crore on ₹1,152 crore revenue. Manufactures insecticides, herbicides, fungicides across 20 Indian states, exports to 37 countries

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Valuation Attractive

Trading at 8.5-9.6x FY25/26 PE vs sector average 22-28x. Debt reduction focus, ₹170 crore for repayment. Brokerages neutral citing agrochemical sector cyclicality risks

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With Our Subscription Plans

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GSP Crop Science Lists at 4% Premium, Beats Zero GMP

Positive Market Debut GSP Crop Science lists at ₹332.30 on BSE (3.84% premium) and ₹328 on NSE (2.50% premium) March 24. Outperforms zero grey market premium expectations significantly

Investor ReturnsEach lot (46 shares) earns ₹565.80 at BSE listing price. ₹400 crore IPO (₹240 crore fresh + ₹160 crore OFS) subscribed 1.64x overall

Anchor Support Strong Raised ₹120 crore from anchor investors at ₹320/share March 13. QIB category subscribed 2.66x, NII 3.14x. Retail lagged at 0.42x only

Strong FundamentalsFY24 profit surged 365% to ₹61.29 crore on ₹1,152 crore revenue. Manufactures insecticides, herbicides, fungicides across 20 Indian states, exports to 37 countries

Valuation AttractiveTrading at 8.5-9.6x FY25/26 PE vs sector average 22-28x. Debt reduction focus, ₹170 crore for repayment. Brokerages neutral citing agrochemical sector cyclicality risks