GSP Crop Science was incorporated on February 12, 1985. The company is a research-focused agrochemical firm in India with 39+ years of expertise in developing and manufacturing insecticides, herbicides, fungicides, and plant growth regulators
| Bidding Dates |
|---|
| 16 Mar 2026 - 18 Mar 2026 |
| Subscription |
|---|
| 1.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,984 | 1 | 13 | 46 | 12.5 M | ₹304 - ₹320 | 71.73 % | ₹3800.0 M - ₹4000.0 M | RHP DOC |
GSP Crop Science IPO SUBSCRIPTION STATUS
18 Mar '26GSP Crop Science IPO overall subscription rate was 1.61 times the total available shares
GSP Crop Science IPO retail subscription rate was 0.4 times in the retail segment
GSP Crop Science IPO non-institutional investor subscription rate was 3.05 times in the non-institutional investor category
GSP Crop Science IPO Qualified Institutional Bidder subscription rate was 2.66 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
18 Mar 2026 (Day 3) | 0.4x | 3.05x | 2.66x |
17 Mar 2026 (Day 2) | 0.2x | 2.33x | 1.28x |
16 Mar 2026 (Day 1) | 0.11x | 0.28x | 1.28x |
GSP Crop Science FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 844.3 | 82.8 | 26.6 | -7.2 | 16.5% |
| FY25 | 1,287.4 | 83.4 | 37.8 | -34.5 | 12.7% |
| FY24 | 1,152.2 | 61.3 | 206.7 | 179.5 | 11.3% |
| FY23 | 1,203.3 | 21.4 | 103.5 | 69.8 | 6.8% |
GSP Crop Science IPO SUBSCRIPTION STATUS DETAILS
GSP Crop Science had 12.5 M shares on offer
GSP Crop Science IPO offer price was in the range ₹304 - ₹320
GSP Crop Science IPO minimum Investment was ₹13984
GSP Crop Science IPO issue size was ₹ 3800.0 M - ₹ 4000.0 M
GSP Crop Science had a minimum lot size of 46 Shares per application
GSP Crop Science NUMBER OF SHARES ON OFFER
GSP Crop Science IPO IMPORTANT DATES
| Issue Open Date | 16 Mar 2026 |
| Issue close Date | 18 Mar 2026 |
| Allotment Date | 20 Mar 2026 |
| Refund Date | 23 Mar 2026 |
| Demat Account Credit Date | 23 Mar 2026 |
| Listing Date | 24 Mar 2026 |
| Listing on Exchange(s) | NSE and BSE |
| GSP Crop Science Allotment Status | Exchange/ Registrar |
GSP Crop Science IPO subscription opened on 16 Mar 2026, and closed on 18 Mar 2026
IPO allotment for GSP Crop Science was finalized on Friday, 20 Mar 2026
IPO listing for GSP Crop Science was on NSE and BSE on Tuesday, 24 Mar 2026
GSP Crop Science IPO LISTING GAINS
| Issue Price (adjusted) | 320.0 |
| Listing Open Price | 328.0 |
| Listing Close Price | 356.3 |
| Listing Gain% | 2.5% |
| Current Gain% | 86.7% |
GSP Crop Science Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GSP Crop Science Ltd. | 597.5 | 2779.5 | 28.4 | 1.5 | 1.8 | 12.7 | 6.3 | 1530.9 | 17.7 | 97.9 | 19.2 | 21 | 19.2 |
| UPL Ltd. | 573 | 48370.9 | 25.1 | 0.4 | 0.9 | 5.5 | 2 | 52502 | 11.4 | 1922 | 114.3 | 22.8 | 61.5 |
| PI Industries Ltd. | 2774.6 | 42095.7 | 31.9 | -1.6 | 6.3 | 11.8 | 9.8 | 7024.4 | -15.6 | 1320.8 | -20.4 | 87.1 | -20.4 |
| Sumitomo Chemical India Ltd. | 533 | 26602 | 45.9 | 11.5 | 8.2 | 16 | 12.1 | 3385 | 3.6 | 543 | 7.4 | 11.6 | 4 |
| Bayer Cropscience Ltd. | 4177.2 | 18773.2 | 25.6 | 1.1 | 3.4 | 23.2 | 12.1 | 5770 | 3.2 | 689.2 | 21.3 | 162.9 | 23.6 |
| Sharda Cropchem Ltd. | 814 | 7344.4 | 11.7 | 0.2 | 1.4 | 21.7 | 11.8 | 5409.8 | 23.5 | 680.9 | 123.7 | 69.4 | 49.1 |
GSP Crop Science INFORMATION ON IPO ISSUE
About GSP Crop Science
GSP Crop Science was incorporated on February 12, 1985. The company is a research-focused agrochemical firm in India with 39+ years of expertise in developing and manufacturing insecticides, herbicides, fungicides, and plant growth regulators
Object of the Issue
- Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
GSP Crop Science - PROMOTERS
| Name |
|---|
| Bhavesh Vrajmohan Shah |
| Tirth Kenal Shah |
| Falguni Kenal Shah |
| Vilasben Vrajmohan Shah |
GSP Crop Science Book Running Lead Manager
Equirus Capital Private Limited
gspcrop.ipo@equirus.com
Motilal Oswal Investment Advisors Limited
gspcrop.ipo@motilaloswal.com
GSP Crop Science Registrar to the Offer
Link Intime India Private Limited
gspcrop.ipo@linkintime.co.in
GSP Crop Science Strengths
Diversified product portfolio
The company offers a diversified portfolio of insecticides, herbicides, fungicides, and plant growth regulators, providing comprehensive solutions for customers
Client relationship
Strong B2B relationships in the domestic market have enabled product and geographic expansion, driven by cost-effective, safe, and high-quality manufacturing of complex off-patent formulations and technicals
In-house R&D capabilities
The company conducts R&D to develop technological processes for its facilities and has a strong track record of introducing formulations and technicals to the Indian agrochemical market (Source: ICRA Report)
GSP Crop Science Risks
Approvals and licenses
The company requires approvals, including registrations from CIBRC, to operate. Failure to obtain, renew, or maintain these could negatively impact operations and financial performance
Quality standards and technical specifications
Non-compliance with stringent quality standards for technicals and formulations could result in lost business, harm the company's reputation, and adversely affect business prospects and operations
Dependent on distribution network
The company relies on its distribution network for B2C formulation sales. Disruptions or ineffective management of the network could negatively impact operations and business performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 160.0 crore, of 5,000,000 shares. It also consists of a fresh issue of Rs 240.0 crore.
The promoters of the company are Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Falguni Kenal Shah and Vilasben Vrajmohan Shah.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 304.0 - 320.0.
The IPO application opens on Mar 16, 2026 and closes on Mar 18, 2026.
The minimum lot size for the IPO is 46. The maximum lot size for the IPO is 598.
For all category investors, the minimum application amount for this IPO is Rs. 13,984.0, the maximum value for this IPO is Rs 191,360.0.
This IPO will be allotted on Mar 20, 2026.
The refund will be credited to your account on Mar 23, 2026.
The allotted shares will be credited to your demat on Mar 23, 2026.
GSP Crop Science Ltd.’s shares listed on the stock exchanges on Mar 24, 2026.