New Delhi, March 17 -- GSP Crop Science Ltd's initial public offering saw a subscription rate of 47% on its first day of bidding this past Monday. The company announced on Friday that it has raised Rs.120 crore from anchor investors.

GSP Crop Science IPO price band has been set at Rs.304-320 per share, placing the company's valuation at Rs.1,489 crore at the upper end. GSP Crop Science IPO lot size is 46 equity shares and in multiples of 46 equity shares thereafter. The company's Rs.400-crore initial share sale will conclude on March 18.

GSP Crop Science is a research-driven agrochemical firm with more than 39 years of experience in creating and producing insecticides, herbicides, fungicides, and plant growth regulators in India.

GSP C...