GSP Crop Science IPO

GSP Crop Science IPO is listed on BSE and NSE, priced at ₹304–₹320 per share. The stock debuted at ₹328, delivering a listing gain of 2.5%. The IPO had a lot size of ₹46 shares and a minimum investment of ₹14,720.

GSP Crop Science Limited IPO

Mainboard Listed
₹14,720 (46 Shares)
Minimum Investment
Check Allotment
IPO Dates
Mar 16, 2026 – Mar 18, 2026
Price band
₹304-320 per equity share
Minimum Investment
₹14,720
Issue size
₹400 Cr
Lot size
46
Allotment Date
Mar 20, 2026
Listing
Mar 24, 2026
Listing At
BSE, NSE

IPO timeline

  1. Mar 16, 2026

    Open Date

    Completed

  2. Mar 18, 2026

    Close Date

    Completed

  3. Mar 20, 2026

    Allotment Date

    Completed

  4. Mar 24, 2026

    Listing Date

    Completed

Price Summary

Last closing
423.95 (32.48%)
52 week high
438.95
52 week low
328.00
Last update

GSP Crop Science IPO Subscription Details

View Subscription Details
QIB 2.66x
Retail 0.42x
NIIs 3.14x
bHNI 4.11x
sHNI 1.20x
Retail 0.42x
Total 1.64x

GSP Crop Science IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

GSP Crop Science IPO Essentials

GSP Crop Science IPO Details

GSP Crop Science IPO is priced at ₹304-320 per share with a total issue size of 400 crore. The IPO has a lot size of 46 shares and is listed on a BSE and NSE.

Issue price
₹304-320 per equity share
Lot size
46 shares
Face value
₹10 Per Equity Share
Issue size
₹400 Crores
Total issue size
1,25,00,000 shares
(aggregating up to ₹400 crore)
Fresh issue
75,00,000 shares
(aggregating up to ₹240 crore)
Offer for sale (OFS)
50,00,000 shares
(aggregating up to ₹160 crore)
Listing at
BSE, NSE
List price
328.0(NSE)
Listing date
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager
Equirus Capital Pvt.Ltd., Motilal Oswal Investment Advisors Ltd.

Market Lot Size

Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 46 ₹14,720
Retail(max) 13 598 ₹1,91,360
sHNI(min) 14 644 ₹2,06,080
sHNI(max) 67 3,082 ₹9,86,240
sHNI(min) 68 3,128 ₹10,00,960

GSP Crop Science IPO Documents

GSP Crop Science IPO Reservation

GSP Crop Science IPO reservation details show category-wise allocation of shares. Out of the total 12500000 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 3750000 (30%)
QIB Shares Offered 2500000 (20%)
NII (HNI) Shares Offered 1875000 (15%)
bHNI > ₹10L 1250000 (10%) 1941
sHNI < ₹10L 625000 (5%) 970
Retail Shares Offered 4375000 (35%) 95,109
Total Shares Offered 12500000 (100%)

GSP Crop Science IPO Analytics

GSP Crop Science IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

GSP Crop Science IPO Subscription Status

GSP Crop Science IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO is currently subscribed 1.64x, indicating moderate demand across investor categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 25,00,000
18,75,000
12,50,000
6,25,000
43,75,000 87,50,000
Day 1 16-03-26 05:00 PM
1.28 x
0.29x
0.36x
0.15x
0.11 x 0.48 x
Day 2 17-03-26 05:00 PM
1.28 x
2.40x
3.42x
0.36x
0.21 x 0.98 x
Day 3 18-03-26 05:00 PM
2.66 x
3.14x
4.11x
1.20x
0.42 x 1.64 x
Total No. of Applications
bHNI sHNI Retail
35149 (Approx) 0.12x 1.16x 0.36x

GSP Crop Science Valuations

Earnings

EPS Pre IPO
₹20.87/-
EPS Post IPO
₹21.22/-
P/E Pre IPO
15.34

Returns

ROE
18.38%
ROCE
19.80%
PAT Margin
6.26%

Fundamentals

Debt / Equity
0.58
Market Cap
1,488.60 Cr.

Data sourced from DRHP / RHP • For educational purposes only

GSP Crop Science Financials( In Crs.)

30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 1,491.69 1,228.50 980.34 1,132.13
Revenue 847.61 1,301.06 1,158.23 1,206.05
Profit After Tax 81.07 81.42 55.54 17.57
Net Worth 529.85 450.03 370.46 363.47
Reserves & Surplus 490.84 411.02 344.46 336.00
Total Borrowing 321.13 295.60 235.44 324.26

GSP Crop Science Company & Offer Insights

About GSP Crop Science

GSP Crop Science Limited is an agrochemical company that was incorporated in 1985 and is in the business of manufacturing insecticides, herbicides, fungicides, and plant growth regulators.
The company offers crop protection solutions that help farmers achieve maximum productivity. It offers crop protection solutions in the form of formulations and technicals for effective control of pests, weeds, and diseases in plants.
The company offers diverse in-house manufactured agrochemicals and crop protection solutions through the development, manufacture, supply, and distribution of Formulations and Technicals to meet customer needs.
The company has built long-term relationships with domestic and international B-to-B customers in the agrochemical industry and thus provides diversity in terms of customers in dynamic business conditions.
As of September 30, 2024, the company received 507 registrations for its agrochemicals and holds 89 patents. Revenue generated by the company through patented products for six months ended September 30, 2024, was ₹1,441.11 million (20.73%).
The company invests in R&D to develop and improve Formulations and Technicals. It has dedicated facilities at Kathwada and Odhav for testing and commercialization of its products and for producing complex chemistries for the Agrochem industry.

GSP Crop Science Promoter(s)

Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha trust, Kappa Trust are the company's promoters of GSP Crop Science.

GSP Crop Science IPO Issue Objectives

Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company
General Corporate Purpose

GSP Crop Science IPO - Anchor Investors

GSP Crop Science raises Rs 120 crore via anchor book.
The Mauritius-based Craft Emerging Market Fund PCC has emerged as the biggest anchor investor for the issue by investing Rs 80 crore for its nearly 25-lakh shareholding through two of its investment vehicles, Citadel Market Fund and Elite Capital Fund.
Shine Star Build Cap has invested Rs 40 crore for its 12.5-lakh shareholding.

GSP Crop Science IPO - Strengths and Risks

GSP Crop Science IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Diversified Agrochemical Product Portfolio: Offers a wide range of insecticides, herbicides, fungicides, and plant growth regulators in the form of formulations and technicals. Has 524 product registrations as on September 30, 2025.
Strong In-House R&D Capabilities: Has its own R&D facilities for innovation and development of new products, improving processes, and commercializing off-patent agrochemicals.
Robust Manufacturing Infrastructure: Has five manufacturing facilities and strong manufacturing capabilities for technicals, formulations, and intermediates. Has efficient and sustainable manufacturing capabilities to meet the varied needs of its customers.

Risks

Regulatory Approval & Licensing Risk-The company’s operations demand various regulatory approvals and registrations of its products from regulatory agencies such as the CIBRC. Failure to obtain or maintain these approvals and registrations could impact its operations.
Quality & Technical Compliance Risk-The company’s products demand strict technical and quality compliance. Any non-compliance in the manufacturing processes and quality of products could lead to the loss of customers.
Distribution Network Dependency Risk-The company’s domestic formulations business heavily depends on its large distributor network. The company’s inability to expand and maintain its distributor network could impact its sales.

Contact Information

Contact Details

GSP Crop Science

+91 79 61915165

cs@gspcrop.com

http://www.gspcrop.in/

404, Lalita Complex, Rasala Road, Mithakhali Six Road, Navrangpura, Ahmedabad, Gujarat, 380009

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

gspcrop.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Frequently Asked Questions

Click any question to reveal the answer

GSP Crop Science IPO is a book-built IPO worth ₹400 crore. The price band is ₹304–₹320 per share. The IPO opens on Mar 16, 2026 and closes on Mar 18, 2026. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.

The price band of GSP Crop Science IPO is ₹304 to ₹320 per share.

The lot size of GSP Crop Science IPO is 46 shares.

The minimum investment for GSP Crop Science IPO is approximately ₹14,720 based on the upper price band .

GSP Crop Science IPO opens on Mar 16, 2026 and closes on Mar 18, 2026.

The allotment date of GSP Crop Science IPO is Mar 20, 2026.

GSP Crop Science IPO is expected to be listed on Mar 24, 2026, on BSE and NSE .

GSP Crop Science IPO listed on Mar 24, 2026. It was issued at ₹328.0(NSE) and is currently around ₹423.95 as on 29-Apr-2026 3:30 PM, which is approximately 32.5% versus issue price. The 52-week high is ₹438.95.

Based on listing and post-listing performance, GSP Crop Science IPO delivered around 32.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy GSP Crop Science IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

GSP Crop Science IPO valuation snapshot: P/E N/A, EPS ₹21.22/-, P/B N/A, RoNW %, and market cap 1,488.60 Cr.

To apply for GSP Crop Science IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of GSP Crop Science IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for GSP Crop Science IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check GSP Crop Science IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GSP Crop Science IPO allotment status on IPO Ji for quick and easy access.