GSP Crop Science Limited IPO

Mainboard

Agro Products

Listed On: Mar 24, 2026 at ₹ 328.0(NSE)

₹ 14720 /46 Shares
Minimum Investment

Check Allotment

16 Mar, 2026

Open Date

18 Mar, 2026

Close Date

20 Mar, 2026

Allotment Date

24 Mar, 2026

Listing Date

Price Summary

Last Closing

422.90 (32.16%)

52 Week High

423.50

52 Week Low

328.00

Last Update

17-Apr-2026 3:30 PM

GSP Crop Science IPO Live 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

Last updated: 18 Mar 2026, 05:57 PM

GSP Crop Science IPO Issue Details

Issue Price ₹304-320 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 1,25,00,000 shares(aggregating up to ₹400 crore)
Fresh Share 75,00,000 shares(aggregating up to ₹240 crore)
Offer For Sale 50,00,000 shares(aggregating up to ₹160 crore)
Listing at BSE, NSE
List Price 328.0(NSE)
Listing Date 2026-03-24
Lead Manager Equirus Capital Pvt.Ltd.
Motilal Oswal Investment Advisors Ltd.
Registrar MUFG Intime India Pvt.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
BHNI(min)	68	3,128	₹10,00,960

GSP Crop Science IPO Reservation

GSP Crop Science IPO offers total 12500000 shares. Out of which 2500000 (20%) allocated to QIB, 1875000 (15%) allocated to NII,4375000 (35%) allocated to RII, NA (NA%) allocated to employees and 3750000 (30%) allocated to 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%)
bNII > ₹10L	1250000 (10%)
sNII < ₹10L	625000 (5%)
Retail Shares Offered	4375000 (35%)
Total Shares Offered	12500000 (100%)

GSP Crop Science IPO Documents

DRHP

RHP

ANCHOR

GSP Crop Science IPO Details

GSP Crop Science IPO is a book-built issue of ₹400 crores, The total issue size is ₹400 crores. The IPO of GSP Crop Science is priced at ₹304-320 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 16, 2026 and ends on Mar 18, 2026. The allotment for GSP Crop Science IPO will be finalized on Mar 20, 2026. GSP Crop Science IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 24, 2026. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 46 shares, extendable to 14,720. S-HNIs will be able to bid for 644 shares at ₹2,06,080, while B-HNIs can also apply for a bid of 3,128 shares at ₹10,00,960. The book-running lead manager for the IPO is/are Equirus Capital Pvt.Ltd., Motilal Oswal Investment Advisors Ltd..

The total issue ₹400 crore, comprising a fresh issue of 75,00,000 shares ₹240 crore and having Offer for Sale (OFS) of 50,00,000 shares to mop up ₹160 crore.

The GSP Crop Science IPO sets its price band at 304-320 for each share. A single application for GSP Crop Science Limited IPO must contain at least 46 shares. Sentiment investors need to invest a minimum of 46 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,720 In order to participate in the sNII, investors must purchase at least 14 lots of 644 shares for ₹2,06,080, while the bNII requires 68 lots of 3,128 shares for an investment of ₹10,00,960.

As on	QIB	NII bNII sNII	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	0.29 x 0.36 x 0.15 x	0.11 x	0.48 x
Day 2 17-03-26 05:00 PM	1.28 x	2.40 x 3.42 x 0.36 x	0.21 x	0.98 x
Day 3 18-03-26 05:00 PM	2.66 x	3.14 x 4.11 x 1.20 x	0.42 x	1.64 x

Total No of Applications

35,149

Subscription on the basis of Applications

Retail:0.36x BHNI:0.12x SHNI:1.16x

GSP Crop Science Valuations

EPS Pre IPO ₹20.87/-

EPS Post IPO ₹21.22/-

P/E Pre IPO 15.34

ROE 18.38%

ROCE 19.80%

Debt/Equity 0.58

PAT Margin 6.26%

Market Cap. 1,488.60 Cr.

GSP Crop Science Company Financials

In Crs.

In Cr.

	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

About GSP Crop Science Company

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

Pre Issue Share Holding : 98.32%

Post Issue Share Holding : N/A%

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.

Strength

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.

Weakness

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 Details

GSP Crop Science

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

+91 79 61915165

cs@gspcrop.com

http://www.gspcrop.in/

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

GSP Crop Science IPO - FAQs

Ans. GSP Crop Science Limited IPO is a Mainboard IPO. The issue is priced at ₹304-320 per equity share. The minimum order quantity is 46 Shares. The IPO opens on Mar 16, 2026, and closes on Mar 18, 2026. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of GSP Crop Science Limited IPO is ₹400 Crores.

Ans. The GSP Crop Science Limited IPO price band is set between ₹304-320 per equity share.

Ans. To apply for GSP Crop Science Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find GSP Crop Science Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

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

Ans. The GSP Crop Science Limited IPO will be listed on Mar 24, 2026.

Ans. Follow the steps to check the GSP Crop Science Limited IPO allotment status online.