GSP Crop Science IPO
GMP, Subscription, Price, Dates & Financial Details
Pesticides & Agrochemicals
Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the manufacturing and supply of insecticides, herbicides, fungicides, and plant growth regulators. The company focuses on providing crop protection solutions that help farmers increase agricultural productivity and…
Open Date
Mon, 16 Mar 2026
Close Date
Wed, 18 Mar 2026
Price Band
₹ 304 – 320
Lot Size
46
Issue Size
₹ 400.00 Cr
Minimum Investment
₹ 14,720 (46 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
GSP Crop Science IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹400.00 Crore, comprising a fresh issue of 75.00 Lakh equity shares aggregating to ₹240.00 Crore and an offer for sale (OFS) of 50.00 Lakh equity shares aggregating to ₹160.00 Crore by the existing shareholders.
The GSP Crop Science IPO remained open for subscription from March 16, 2026, to March 18, 2026. The basis of allotment was finalized on March 20, 2026, and the company's shares were listed on the NSE and BSE on March 24, 2026.
The company had fixed the price band at ₹304 to ₹320 per share, with a lot size of 46 shares. Retail investors were required to make a minimum investment of ₹14,720 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Equirus Capital Private Limited, and Motilal Oswal Investment Advisors Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, GSP Crop Science Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
GSP Crop Science IPO Timeline (Tentative)
- IPO Open Date
- Mon, 16 Mar 26
- IPO Close Date
- Wed, 18 Mar 26
- Basis of Allotment
- Fri, 20 Mar 26
- Initiation of Refunds
- Mon, 23 Mar 26
- Credit of Shares to Demat
- Mon, 23 Mar 26
- Listing Date
- Tue, 24 Mar 26 — NSE & BSE
Open Date
16 March 2026
Close Date
18 March 2026
Basis Of Allotment
20 March 2026
Listing Date
24 March 2026
IPO Subscription
Check Live Subscription →The GSP Crop Science IPO has received bids for 1,43,61,844 shares against 89,47,367 shares offered, resulting in an overall subscription of 1.61x. the NII category is subscribed 3.05x, Retail Investors 0.4x, and QIBs 2.66x. Within the NII category, BNII is subscribed 3.99x, while SNII is subscribed 1.16x.
QIB
2.66x
NII
3.05x
BNII
3.99x
SNII
1.16x
RII
0.4x
Total
1.61x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 45,13,158 shares, representing 50.44% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 24,99,998 shares (27.94%), while Non-Institutional Investors (NIIs) receive 19,34,211 shares (21.62%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 2,499,998 | 27.94% |
| Non-Institutional | 1,934,211 | 21.62% |
| BNII | 1,289,474 | 14.41% |
| SNII | 644,737 | 7.21% |
| Retail Investors | 4,513,158 | 50.44% |
| Total | 8,947,367 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1491.69 | 1228.5 | 980.34 | 1132.13 |
| Revenue | 847.61 | 1301.06 | 1158.23 | 1206.05 |
| Profit After Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| Net Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Reserve & Surplus | 490.84 | 411.02 | 344.46 | 336 |
| Total Borrowings | 321.13 | 295.6 | 235.44 | 324.26 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
GSP Crop Science Limited KPI Information
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 20223 |
|---|---|---|---|---|
| ROE % | 15.62 | 18.38 | 15 | 4.79 |
| ROCE % | 15.45 | 19.8 | 18.91 | 9 |
| Debt / Equity | 0.55 | 0.58 | 0.53 | 0.77 |
| RoNW % | 15 | 0 | 0 | 0 |
| Pat Margin % | 9.56 | 6.26 | 4.8 | 1.46 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| GSP Crop Science Ltd | 10 | 0.00 | 21.20 | 21.20 | 18.38 | 115.34 |
| PI Industries Ltd | 1 | 28.25 | 109.44 | 109.42 | 16.35 | 669.47 |
| Sumitomo Chemical India Ltd | 10 | 39.23 | 10.13 | 10.13 | 17.42 | 58.12 |
| Dhanuka Agritech Ltd | 2 | 15.13 | 65.55 | 65.55 | 21.18 | 311.17 |
| Rallis India Ltd | 1 | 40.12 | 6.43 | 6.43 | 6.61 | 97.92 |
About GSP Crop Science Limited
Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the manufacturing and supply of insecticides, herbicides, fungicides, and plant growth regulators. The company focuses on providing crop protection solutions that help farmers increase agricultural productivity and improve crop health.
The company develops, manufactures, and distributes Formulations and Technicals, which are used for the effective control of pests, weeds, and plant diseases. Its product offerings include both active ingredients and specialized additives designed to enhance crop protection.
GSP Crop Science has built strong and long-term relationships with domestic and international B2B customers, including several major agrochemical companies. This diversified customer base supports the company’s stable operations and resilience in changing market conditions.
As of September 30, 2024, the company has received 507 product registrations for its agrochemical portfolio and holds 89 patents. For the six months ended September 30, 2024, revenue generated from patented products amounted to ₹1,441.11 million, accounting for 20.73% of total revenue.
The company continuously invests in research and development (R&D) to develop new products and improve existing formulations and technicals. It operates dedicated R&D facilities in Kathwada and Odhav, which focus on product testing, commercialization, and the development of complex chemistries for the agrochemical industry.
Business Operations
1. Formulations
Formulations are finished agrochemical products composed of active ingredients combined with additives, designed for direct use in agriculture. These products are available in solid and liquid forms and are marketed under the company’s own brands or through licensed arrangements.
As of September 30, 2024, the company holds 387 registrations for formulations.
2. Technicals
Technicals are high-concentration active ingredients that serve as the base for producing various agrochemical products such as insecticides, herbicides, and fungicides. These technical materials are processed and combined with other ingredients to manufacture finished formulations.
As of September 30, 2024, the company holds 120 registrations for technical products.
Workforce
As of September 30, 2024, GSP Crop Science Limited employed 1,096 permanent employees, supporting its operations across manufacturing, research, marketing, and distribution.
GSP Crop Science IPO Promoters
- Bhavesh Vrajmohan Shah
- Tirth Kenal Shah
- Vilasben Vrajmohan Shah
- Falguni Kenal Shah
- Alpha trust
- Kappa Trust
Promoters Holding
Holding Pre Issue
98.32%
Holding Post Issue
0.00%
GSP Crop Science IPO Objective
The Company GSP Crop Science IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
GSP Crop Science Limited Address / Contact Details
GSP Crop Science Ltd.
404, Lalita Complex, Rasala Road,
Mithakhali Six Road,Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91 79 61915165
Email: cs@gspcrop.com
Website: http://www.gspcrop.in/
IPO Snapshot
GSP Crop Science IPO Lot Size
The GSP Crop Science IPO has a lot size of 46 shares. Retail investors require a minimum investment of ₹14,720 by applying for 1 lot (46 shares). The maximum application allowed for the retail category is 13 lots (598 shares), requiring an investment of ₹1,91,360.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14,720.00 |
| Retail (Max) | 13 | 598 | 191,360.00 |
| S-HNI (Min) | 14 | 644 | 206,080.00 |
| S-HNI (Max) | 67 | 3,082 | 986,240.00 |
| B-HNI (Min) | 68 | 3,128 | 1,000,960.00 |
Issue Reservation
- QIB — 27.94%
- NII — 21.62%
- RII — 50.44%
Book Running Lead Managers
- Equirus Capital Private Limited
- Motilal Oswal Investment Advisors Ltd
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the GSP Crop Science IPO?
GSP Crop Science IPO is a Book-building IPO with a total issue size of ₹400 crore. The GSP Crop Science IPO price band is ₹304 to 320 per share. The GSP Crop Science IPO subscription opens on Mon, Mar 16, 2026, and closes on Wed, Mar 18, 2026. The GSP Crop Science IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the GSP Crop Science IPO.
When will the GSP Crop Science IPO open for subscription?
The GSP Crop Science IPO opens on Mon, Mar 16, 2026 and closes on Wed, Mar 18, 2026
What is GSP Crop Science IPO Price Band?
GSP Crop Science IPO Price Band is ₹304 to 320 per share.
What is GSP Crop Science IPO Lot Size?
GSP Crop Science IPO lot size is 46 shares, Retail investors need a minimum investment of ₹14720 based on the upper price band
What is the minimum investment for GSP Crop Science IPO?
The minimum investment for GSP Crop Science IPO is ₹14720, based on one lot of 46 shares at the upper price band of ₹320 per share.
How to apply for GSP Crop Science IPO?
Investors can apply for the GSP Crop Science IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Mar 18, 2026. The application amount remains blocked until the GSP Crop Science IPO allotment is finalized.
What is GSP Crop Science IPO Issue Size?
GSP Crop Science IPO issue size is ₹400 crores.
What is the GSP Crop Science IPO Allotment Date?
GSP Crop Science IPO allotment date is Fri, Mar 20, 2026.
Who is the GSP Crop Science IPO Registrar?
The registrar for GSP Crop Science IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check GSP Crop Science IPO allotment status, refund processing, and other IPO-related information.
Who is the GSP Crop Science IPO Lead Manager?
The book-running lead managers (BRLMs) for the GSP Crop Science IPO are Equirus Capital Private Limited, and Motilal Oswal Investment Advisors Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the GSP Crop Science IPO Red Herring Prospectus (RHP).