New Delhi, March 18 -- The initial public offering of GSP Crop Science Ltd, a company in the agrochemical sector, was 96% subscribed on the second day of bidding, which was Tuesday.

The company revealed on Friday that it has secured Rs.120 crore from anchor investors. GSP Crop Science IPO price band has been established at Rs.304-320 per share, resulting in a valuation of Rs.1,489 crore at the upper limit. The IPO lot size is set at 46 equity shares, and applicants may apply in multiples of 46 shares thereafter.

The company's Rs.400-crore initial share sale will be concluded on March 18. GSP Crop Science is an agrochemical firm driven by research and boasts over 39 years of expertise in the development and manufacturing of insecticides,...