New Delhi, March 18 -- The IPO of GSP Crop Science has witnessed a sharp rise in investor interest, especially from institutional participants, during the final day of bidding, which pushed the subscription rate to over 1.6 times.

The issue, which opened on Monday, March 16, closed today, and during the three-day bidding period, it attracted bids for 1.43 crore shares against over 87.50 lakh shares on offer, resulting in a subscription rate of 1.64 times, as per exchange data.

The qualified institutional buyer (QIB) segment saw a strong spike in demand, with the quota being subscribed 2.66 times, while the non-institutional investor (NII) portion was subscribed 3.14 times, and the retail investor portion witnessed the weakest subscripti...