GSP Crop Science IPO: GSP Crop Science has launched its much-awaited IPO of Rs 400 crore to establish its presence in the Indian stock market. This is a ‘Book Build Issue’, consisting of fresh issue of Rs 240 crore and ‘Offer for Sale’ (OFS) of Rs 160 crore. The company has set a price band of Rs 304 to Rs 320 per share for this. The subscription of this agro-chemical sector giant opened on March 16, 2026 and closed on March 18. This is a great opportunity for investors to diversify their portfolio, especially if the company is going to use this capital to expand its production capacity and repay debt.
GSP Crop Science IPO Overview
For the convenience of investors, the company has fixed a minimum lot size of 46 shares, which requires an investment of approximately Rs 14,720 at the upper price band. The limit is a minimum of 14 lots for small NII (sNII) and 68 lots for large NII (bNII). The process of allotment of shares is expected to be completed by March 20, 2026, while its listing on BSE and NSE is proposed for March 24, 2026. Equirus Capital Private Limited is acting as the lead manager of the issue, while MUFG Intime India Private Limited has been appointed as the registrar. If you are planning a long-term investment in the agro-chemical sector, it may be beneficial to keep an eye on GSP Crop Science’s financial data.
| Details | Descriptions |
|---|---|
| IPO Date | 16 to 18 Mar, 2026 |
| Listing Date | Tue, Mar 24, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹304 to ₹320 |
| Lot Size | 46 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,25,00,000 shares (agg. up to ₹400 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹240 Cr) |
| Offer For Sale | 50,00,000 shares of ₹10 (agg. up to ₹160 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,90,18,750 shares |
| Share Holding Post Issue | 4,65,18,750 shares |
GSP Crop Science IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Mon, Mar 16, 2026 |
| IPO Close Date | Wed, Mar 18, 2026 |
| Tentative Allotment | Fri, Mar 20, 2026 |
| Initiation of Refunds | Mon, Mar 23, 2026 |
| Credit of Shares to Demat | Mon, Mar 23, 2026 |
| Tentative Listing Date | Tue, Mar 24, 2026 |
GSP Crop Science IPO Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 46 | ₹14,720 |
| Individual investors (Retail) (Max) | 13 | 598 | ₹1,91,360 |
| S-HNI (Min) | 14 | 644 | ₹2,06,080 |
| S-HNI (Max) | 67 | 3,082 | ₹9,86,240 |
| B-HNI (Min) | 68 | 3,128 | ₹10,00,960 |
GSP Crop Science IPO Anchor Investors
| Details | Promoter Holding (%) |
|---|---|
| Bid Date | Fri, Mar 13, 2026 |
| Shares Offered | 37,50,000 |
| Anchor Portion (₹ Cr.) | 120.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Apr 19, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jun 18, 2026 |
Overview of GSP Crop Science
Established in 1985, GSP Crop Science Limited is a leading agrochemical company, engaged in manufacturing of insecticides, herbicides, fungicides and plant growth regulators for modern farming. The main objective of the company is to provide such crop protection solutions to the farmers, which can increase their productivity. The company not only produces ‘Formulations’ (finished products) but also specializes in manufacturing ‘Technical’ (concentrated active ingredients), which help in effective control of pests and diseases.
Global presence and strong research
GSP Crop Science’s business is not limited to India only. Along with its presence in 20 states in India, the company’s international business extends to over 37 countries, including key markets such as the US, Brazil, Vietnam, Singapore and Australia. The biggest strength of the company is its R&D (Research and Development) capability. As of March 10, 2026, the company has received 102 patents and the process of 108 new patents is underway. The company is continuously working on complex chemicals and new formulations through its state-of-the-art research centers located at Kathwada and Odhav, Ahmedabad.
Business Operations and Capabilities
As per the data till September 2025, the company has a total of 524 registrations for formulations and technical. Their business operations can be divided into two main parts:
- Formulations: The Company has 395 registrations for it, which is sold in both liquid and solid forms.
- Technical: It covers 129 registrations, which are used as main raw materials for manufacturing pesticides and other chemicals.
- Workforce: Behind the success of the company is a dedicated team of 1,221 permanent employees and the guidance of experienced promoters.
- Key Strengths of the Company
- Large Client Base: The Company has a large and diverse client base both domestically and internationally.
- Emphasis on Innovation: Due to in-house R&D facilities the company is able to introduce new and improved products.
- Sustainable Manufacturing: Special focus on environmentally friendly and sustainable production processes.
- Experienced Leadership: The management and promoters of the company have decades of experience in the sector.
Company Financials
GSP Crop Science Financial Information (Restated Standalone)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,491.69 | 1,228.50 | 980.34 | 1,132.13 |
| Total Income | 847.61 | 1,301.06 | 1,158.23 | 1,206.05 |
| Profit After Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| EBITDA | 138.86 | 164.03 | 130.41 | 81.28 |
| Net Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Reserves and Surplus | 490.84 | 411.02 | 344.46 | 336.00 |
| Total Borrowing | 321.13 | 295.60 | 235.44 | 324.26 |
Key Performance Indicator (KPI)
The market cap. of GSP Crop Science IPO is ₹1,488.60 Crores.
KPI as of Mon, Sep 30, 2025, & Mar 31, 2025
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 15.62% | 18.38% |
| ROCE | 15.45% | 19.80% |
| Debt/Equity | 0.55 | 0.58 |
| RoNW | -% | -% |
| PAT Margin | 9.56% | 6.26% |
| EBITDA Margin | 16.45% | 12.74% |
| Price to Book Value | – | 2.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 20.87 | 21.22 |
| P/E (x) | 15.34 | 9.18 |
| Promoter Holding | 98.32% | -% |
GSP Crop Science IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Repayment or pre-payment, in part or full of all or certain borrowings availed by the Company | 170.00 |
| Funding working capital requirements of the Company | – |
| General Corporate Purposes | – |
| Total | 170.00 |
GSP Crop Science IPO Contact Details
- GSP Crop Science Ltd.
- 404, Lalita Complex, Rasala Road,
- Mithakhali Six Road,
- Navrangpura,
- Ahmedabad, Gujarat, 380009
- +91 79 61915165
- cs@gspcrop.com
- Website: https://www.gspcrop.in/
GSP Crop Science IPO Registrar
MUFG Intime India Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-22-4918 6270 |
| Email: | gspcrop.ipo@linkintime.co.in |
| Website: | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
GSP Crop Science IPO FAQs
When GSP Crop Science IPO become available?
The IPO will open on Mon, Mar 16, 2026.
What is the minimum lot size for the GSP Crop Science IPO?
The minimum lot size is 46 shares.
When will the shares for the GSP Crop Science IPO be allotted?
The allotment is expected to be finalized on Fri, Mar 20, 2026
What is the expected listing date for the GSP Crop Science IPO?
The tentative listing date is Tue, Mar 24, 2026.
How can I apply for the GSP Crop Science IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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