IPO

GSP Crop Science Limited IPO

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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
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.

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GSP Crop Science IPO Subscription Analysis And Details
Retail
0.42x
QIB
2.66x
NII
3.14x
bNII
4.11x
sNII
1.20x
Total
1.64x
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.

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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
1

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

2

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