GSP Crop Science IPO IPO Subscription Status

A subscription of 1.64x means the IPO received bids for 2 times the number of shares available. For every 2 applications, only 1 can receive an allotment.

Here is what each category number tells you:

QIB at 2.66x: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 2.66x, it reflects serious institutional conviction.

NII at 3.14x: NII includes high net worth individuals applying above Rs 2 lakh. At 3.14x, allotment probability for NII applicants is very low. The bNII segment came in at 4.11x and sNII at 1.20x.

Retail at 0.42x: Retail investors applying up to Rs 2 lakh saw 0.42x subscription. Allotment in the retail category is done by lottery when oversubscription exceeds 1x. At 0.42x, the probability of allotment for a single retail application is roughly 1 in 0.

Based on the final subscription data, here is a realistic view of allotment probability by category.

Retail Category: Retail subscription came in at 0.42x based on shares applied and 0.36x based on applications. In the retail category, SEBI mandates a minimum of one lot per applicant when possible. Allotment is done by lottery. Applying from multiple accounts does not improve individual chances but increases household probability if each account is eligible.

NII Category: NII allotment is proportional, not by lottery. At 3.14x, an NII applicant applying for the minimum NII lot can expect a very small proportional allotment. Larger NII applications receive proportionally more shares but the effective return per rupee invested is diluted significantly at this oversubscription level.

QIB Category: QIB allotment is discretionary and handled by the book running lead managers. Retail investors do not participate in this category.

Check the GSP Crop Science IPO IPO Allotment Status page from 20 March 2026 for your allotment result.

GMP for GSP Crop Science IPO stands at Rs 2.00 today, giving an estimated listing price of Rs 322.00 per share.

A subscription of 1.64x combined with a GMP of 0.63% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.

Track live GMP on the GSP Crop Science IPO IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.

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For allotment results from 20 March 2026, visit the GSP Crop Science IPO IPO Allotment Status page. For listing day updates on 24 March 2026, download the IPOwiz App.