New Delhi, 12 March (H.S.): Ahmedabad-based agrochemical firm GSP Crop Science Ltd will open its initial public offering (IPO) on March 16, running until March 18 with a price band of ₹304–320 per share; shares list on BSE and NSE March 24.

Anchor investors bid March 13 in the ₹400 crore book-built issue, comprising ₹240 crore fresh equity and a ₹160 crore offer-for-sale of 50 lakh shares. Minimum lot: 46 shares requiring ₹14,720 investment.

Proceeds fund ₹170 crore debt repayment and general corporate purposes. With 39 years developing insecticides, herbicides, fungicides, and plant growth regulators, the company eyes growth amid rising farm input demand.

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Hindusthan Samachar / Jun Sarkar