Issue closes on Wednesday, March 18, 2026, for bidding

Mumbai : The Initial Public Offering of GSP Crop Science Limited was subscribed 0.96 times on the second day of bidding, demonstrating strong demand from Non-Institutional Investors (NIIS) and Qualified Institutional Buyers (QIB) for this IPO.

The issue received bids of 86,04,898 equity shares against the offered 89,47,367 equity shares, according to data available on the stock exchanges.

The Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB) portions were subscribed 2.33 times and 1.28 times, respectively, while the Retail portion was subscribed 0.20 times.

The issue kicked off for subscription on Monday, March 16, 2026, and will close for subscription on Wednesday, March 18, 2026.

Leading brokerage firms like Adroit Financial Services, BP Equities, Marwadi Financial Services and Ventura Securities have given their “Subscribe” recommendation to GSP Crop Science Limited IPO.

Adroit Financial Services highlights the company positions itself as a comprehensive solution provider in the agrochemical industry by maintaining a well-diversified product portfolio that encompasses insecticides, herbicides, fungicides, and plant growth regulators (PGRs). As of September 30, 2025, this extensive range is supported by 524 product registrations granted by the Central Insecticides Board and Registration Committee (CIBRC).

The IPO is at a P/E of nearly 9.2 times based on upper price band and lower than most of its peers.

Marwadi Financial Services highlights the company’s sales and distribution network for its business-to-consumer domestic business consisted of 5,644 distributors in Fiscal 2025 and 4,801 distributors in the six months ended September 30, 2025.

On the valuation front, the company is set to list at a P/E of approximately 9 times and below its peers.  Give a Subscribe rating since the company has a well-diversified product portfolio along with a large and diverse clientele both domestically as well as internationally.