GSP Crop Science IPO: Price Band ₹304–₹320, Issue Size ₹400 Cr, Dates, Financials & Complete Analysis

India’s primary market continues to see strong investor participation, especially in sectors such as agrochemicals, manufacturing, and specialty chemicals. One of the upcoming IPOs attracting significant attention is the GSP Crop Science IPO, which is set to open for subscription on March 16, 2026.

The company has fixed the price band at ₹304 to ₹320 per share, with the issue closing on March 18, 2026. At the upper price band, the company aims to raise ₹400 crore, making it a mid-sized IPO in the Indian market.

The shares of GSP Crop Science will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), with the tentative listing date scheduled for March 24, 2026.

In this comprehensive guide, we cover:

• GSP Crop Science IPO price band
• Issue size and lot size
• IPO dates and timeline
• Financial performance
• Company overview
• Competitive landscape
• Investment insights

This detailed analysis will help investors understand whether the GSP Crop Science IPO is worth tracking.

GSP Crop Science IPO: Key Details

The IPO includes a fresh issue of ₹240 crore and an Offer for Sale (OFS) of 50 lakh shares (aggregating to ₹160 crore) by existing shareholders.

Market Cap: Pre-IPO market cap is ₹1,488.60 crore

Promoters selling shares include:

• Vilasben Vrajmohan Shah
• Bhavesh Vrajmohan Shah
• Kappa Trust

Important Dates for GSP Crop Science IPO

Understanding IPO timelines is essential for investors planning to apply.

GSP Crop Science IPO Lot Size

The minimum lot size is 46 shares.

Retail investors can apply for up to ₹2 lakh under the retail category.

Investor Reservation

The IPO allocation follows SEBI guidelines:

Retail investors have 35% reservation, which provides fair allotment opportunities.

About GSP Crop Science Limited

GSP Crop Science Limited operates in the agrochemical sector, manufacturing and supplying crop protection products used by farmers to improve agricultural productivity.

The company produces a wide range of agrochemical products, including:

• Insecticides
• Herbicides
• Fungicides
• Plant Growth Regulators

These products help farmers control pests, weeds, and plant diseases, improving crop yields and farm profitability.

Product Segments

The company operates in two major product categories:

Formulations

Formulations are products where active ingredients are combined with additives to create ready-to-use crop protection solutions.

Technicals

Technicals refer to concentrated active ingredients used to manufacture agrochemical formulations.

These products form the backbone of the agrochemical supply chain.

Domestic Presence

GSP Crop Science has a strong presence across India.

The company served customers across 20 Indian states during:

• FY2023
• FY2024
• FY2025
• Six months ending September 2025

This indicates strong domestic distribution and market reach.

Global Presence

In addition to India, the company exports to 37 countries worldwide.

Key export markets include:

• United States
• Brazil
• Uruguay
• Vietnam
• Singapore
• UAE
• Australia

These international operations span regions including:

• Latin America
• Asia Pacific
• North America

The strong export presence helps diversify revenue streams.

Financial Performance

The company has reported consistent financial growth.

Revenue

Revenue growth: 11.7% YoY

Profit

Profit growth: 36% YoY

Latest Financial Data

For the six months ending September 2025:

• Revenue: ₹844.2 crore
• Profit: ₹82.7 crore

This indicates strong operational performance.

Competitive Landscape

GSP Crop Science competes with several listed agrochemical companies such as:

• PI Industries
• Sumitomo Chemical
• Dhanuka Agritech
• Rallis India
• Bharat Rasayan
• India Pesticides
• Excel Industries
• Heranba Industries

The agrochemical sector in India is highly competitive but continues to grow due to increasing demand for crop protection solutions.

GSP Crop Science IPO Lead Managers and Registrar

The IPO is managed by:

Lead Managers:

• Equirus Capital
• Motilal Oswal Investment Advisors

Registrar:

• MUFG Intime India

These institutions are responsible for managing the IPO process and investor allotment.

Purpose of the GSP Crop Science IPO

The proceeds from the fresh issue will be used for:

• Business expansion
• Working capital requirements
• Corporate purposes

Meanwhile, the Offer for Sale (OFS) allows promoters to partially reduce their stake.

Industry Outlook

India’s agrochemical sector is expected to grow due to:

• Rising global food demand
• Need for higher crop yields
• Expansion of export markets
• Increasing adoption of crop protection chemicals

India is one of the largest producers of agrochemicals globally, making companies like GSP Crop Science well positioned for growth.

Risks Investors Should Consider

Before investing in the IPO, investors should evaluate risks such as:

• Raw material price volatility
• Regulatory changes in agrochemicals
• Competition from established companies
• Weather and agricultural cycle dependency

Understanding these risks helps investors make informed decisions.

Should Investors Track the GSP Crop Science IPO?

The IPO appears attractive due to:

• Strong revenue growth
• Expanding export presence
• Growing agrochemical demand
• Mid-size IPO with retail allocation

However, investors should analyze valuation, GMP trends, and sector outlook before investing.

FAQs – GSP Crop Science IPO

What is the GSP Crop Science IPO price band?

The price band is ₹304 to ₹320 per share.

What is the GSP Crop Science IPO opening date?

The IPO opens on March 16, 2026 and closes on March 18, 2026.

What is the GSP Crop Science IPO lot size?

The minimum lot size is 46 shares.

What is the minimum investment in GSP Crop Science IPO?

Minimum investment is ₹14,720.

When will the GSP Crop Science IPO list?

Shares are expected to list on March 24, 2026.

What is the GSP Crop Science IPO issue size?

The IPO size is ₹400 crore.