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IPO Alert: A subsidiary of Coal India is also included in the 3 IPOs coming next week.
IPO Calendar: Three Initial Public Offerings (IPOs) will open for subscription in India’s primary market next week, out of which most of the funds will be raised from two mainboard issues. Apart from this, three companies are also going to be listed on the exchange this week, due to which the primary market pipeline will remain active despite the fluctuations in the secondary market.
In the upcoming offerings, two mainboard IPOs – GSP Crop Science and Coal India’s subsidiary Central Mine Planning and Design Institute (CMPDI) – will be the focus of attention, while an SME issue will also hit the market.
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The biggest issue in the upcoming issue is that of agrochemical manufacturing company GSP Crop Science, which is planning to raise Rs 400 crore through its public offering. This IPO will open for subscription on March 16 and will close on March 18, the price band of which has been fixed at Rs 304 to Rs 320 per share.
The IPO is a combination of a fresh issue of Rs 240 crore and an ‘offer for sale’ of Rs 160 crore by the promoters, which include Vilasben Vrajmohan Shah, Bhavesh Vrajmohan Shah and Kappa Trust. Investors can bid for a minimum of 46 shares, and can bid in multiples of 46 thereafter.
GSP Crop Science, established more than four decades ago, is a research-based agrochemical company that manufactures and sells insecticides, herbicides, fungicides and plant growth control products used for crop protection. The company has developed a large portfolio of agrochemical products, and as of September 2025 had 524 registrations for formulations and technical agrochemicals.
(Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.)
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