Crop Life Science IPO: Check GMP, subscription status on day 2, other details

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Also Read: Crop Life Science IPO open now: Check GMP, subscription status on day 1, other details to know Crop Life Science Limited IPO GMP today or grey market premium is -4. This indicates that the shares of Crop Life Science IPO GMP were trading at a discount of ₹4 in the grey market on Monday, according to topsharebrokers.com. Considering the upper end of the Crop Life Science price band and the current premium in the grey market, the estimated listing price of Crop Life Science ltd share price is ₹48 apiece, which is 7.69% lower than the Crop Life Science ltd share of ₹52.

In the last two trading sessions, Crop Life Science Ltd shares were trading at their issue price with no premium or discount in the grey market The lowest GMP is recorded at ₹-4 while the highest GMP is ₹7. According to topssharebrokers.com, today's IPO GMP trend indicates discount and expects a discount listing. 'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Pyramid Technoplast IPO: GMP, subscription status, review, apply or not? Crop Life Science IPO price band has been fixed at ₹52 per equity share of face value of ₹10 each. The minimum lot size of this Crop Life Science IPO is 2000 shares. Crop Life Science IPO issue price is 5.2 times the face value of the equity share.

Crop Life Science IPO consists of fresh issue of 51.40 lakh equity shares aggregating to ₹26.73 crore. There is no offer for sale (OFS) component. According to company's Red Herring Prospectus (RHP) it intends to use the net proceeds raised through the issue to repay debt, meet long-term working capital requirements, and general corporate purposes.