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GSP Crop Science Debuts on Dalal Street, Trading Above Initial Public Offering Price
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GSP Crop Science Debuts Strong on Dalal Street, Lists Above IPO Price
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CNBC TV18
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24-03-2026, 09:52
GSP Crop Science Debuts Strong on Dalal Street, Lists Above IPO Price
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GSP Crop Science shares listed at a premium of 4% on BSE (₹332.3) and 2.5% on NSE (₹328) on March 24.
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The company achieved a market capitalization of ₹1,545.82 crore post-listing.
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The IPO, open from March 16-18, raised ₹120 crore from anchor investors, including Craft Emerging Market Fund PCC and Shine Star Build Cap.
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GSP Crop Science offered shares in a price band of ₹304-₹320, raising ₹400 crore at the upper end.
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Proceeds from the fresh issue (₹240 crore) will repay ₹170 crore debt, while OFS proceeds go to selling shareholders.
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