GSP Crop Science shares settled 11 percent higher on the debut day at Rs 356.25 per share on the NSE.

The shares were listed on the exchanges at a premium on Tuesday, following a 1.61 times subscription to its issue between March 16-18 in the primary market.

Shares of GSP Crop Science were listed at Rs 328 per share on the National Stock Exchange (NSE), a premium of 2.5 percent. The Rs 400-crore issue had a price band of Rs 304-320 per share.

On the BSE, the shares of the company were listed at Rs 332.30, up 3.84 percent. The company's market capitalization post listing of shares stood at Rs 1,545.82-crore.

GSP Crop Science market debut was better than the expectations in the grey market, which had expected a muted listing for the shares of the company.

The agrochemical company had earlier garnered Rs 120 crore from anchor investors.

Proceeds from the fresh issue, totalling Rs 170 crore, will be used for debt payment, and a portion will be utilised for general corporate purposes.

The Ahmedabad-based company GSP Crop Science is a research-focused agrochemical company with over 39 years of expertise in developing and manufacturing insecticides, herbicides, fungicides, and plant growth regulators in India.

S&P Global has raised India's GDP growth forecast for FY27 by 40 basis points to 7.1%, signalling confidence in the country's economic momentum despite global uncertainties.



The ratings agency also upgraded its projections for the following years, increasing FY28 growth by 20 basis points to 7.2% and FY29 by 20 basis points to 7.0%, pointing to sustained expansion over the medium term.

On the policy front, Reserve Bank of India is expected to keep interest rates unchanged, maintaining a neutral stance in the base case as it balances growth and inflation dynamics.

However, S&P flagged emerging risks from rising fuel prices and elevated crude oil levels, which could push inflation higher.

Consumer price inflation is now projected to rise to 4.3% in FY27 from 2.5% in FY26, reflecting these pressures.


Meanwhile, Moody's Analytics has warned that India could suffer one of the sharpest economic setbacks in the Asia-Pacific region if the ongoing Middle East conflict continues, with output potentially dropping by nearly 4 percent from its baseline path.

The report identifies India as one of the most vulnerable major economies in the region, alongside South Korea and China, as escalating geopolitical tensions risk disrupting energy flows and driving up commodity prices.

This exposure is largely due to India's significant reliance on oil and gas imports from Gulf nations directly affected by the conflict.

A sustained rise in energy costs is likely to have broad economic consequences, including higher inflation, a widening trade deficit, and pressure on consumer demand.