GSP Crop Science IPO GMP today is Rs 8. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
GSPCROP
GSP Crop Science IPO GMP, Subscription & Allotment Status Today
GSP Crop Science is a Mainboard IPO with a price band of Rs 304.00 to Rs 320.00 that listed on 24 Mar 2026 at a listing gain of +2.50%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹304.00 - ₹320.00
- Lot Size
- 46 Shares
- Bidding Closes
- 18 Mar 2026
- Listing Date
- 24 Mar 2026
Current GMP Status
₹8
+2.5% vs upper band
Est. Listing Gain
+2.50%
Last Trend
24 Mar 2026
Listing Price
₹328.00
Retail Entry
₹14,720
IPO Details
Complete IPO information
| Current GMP | ₹8 |
|---|---|
| Estimated Listing Gain | +2.50% |
| Price Band | ₹304.00 - ₹320.00 |
| Issue Price | Approx ₹320.00 Crores |
| Listing Price | ₹328.00 |
| Lot Size | 46 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 0.98x |
| Listing Date | 24 Mar 2026 |
| Minimum Investment | ₹14,720 |
Head-to-head
Compare GSP Crop Science IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, GSP Crop Science is priced at ₹320 per share. With a minimum lot size of 46 shares, a retail investor applying for one lot would need approximately ₹14,720 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for GSP Crop Science stands at ₹8, implying an estimated listing gain of around 2.50% over the issue price if it holds until listing. This is up ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, GSP Crop Science's IPO was subscribed 0.98x overall, with a category-wise breakdown of Retail 0.21x, QIB 1.28x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
16 Mar 2026
✓
Bidding Closes
18 Mar 2026
✓
Allotment
TBA
✓
Listing
24 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 24 Mar 2026 | ₹2.00 | +₹2.00 | 0.63% |
| 18 Mar 2026 | ₹0.00 | - | 0.00% |
| 17 Mar 2026 | ₹0.00 | - | 0.00% |
| 16 Mar 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 46 | ₹14,720 |
| Retail Maximum | 13 Lot | 598 | ₹1,91,360 |
| S-HNI Minimum | 14 Lot | 644 | ₹2,06,080 |
| S-HNI Maximum | 67 Lot | 3,082 | ₹9,86,240 |
| B-HNI Minimum | 68 Lot | 3,128 | ₹10,00,960 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
GSP Crop Science IPO Details
| IPO Open Date | March 16, 2026 |
|---|---|
| IPO Close Date | March 18, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹304 to ₹320 Per Share |
| Issue Size | Approx ₹400 Crores |
| Fresh Issue | Approx ₹240 Crores |
| Offer for Sale | Approx 50,00,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
Analysis
IPO Reservation
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 37,50,000 Shares | —% |
| QIB (Ex. Anchor) | — Shares | 50% |
| NII Shares Offered | — Shares | 15% |
| Retail Shares Offered | — Shares | 35% |
Analysis
GSP Crop Science IPO Anchor Investors<
| Anchor Bidding Date | March 13, 2026 |
|---|---|
| Anchor Investors List | — |
| Shares Offered | 37,50,000 Shares |
| Anchor Size | ₹120 Cr. |
| Lock‑in Period End Date (50% Shares – 30 Days) | April 19, 2026 |
| Lock‑in Period End Date (50% Shares – 90 Days) | June 18, 2026 |
Analysis
GSP Crop Science IPO Dates
| IPO Open Date | March 16, 2026 |
|---|---|
| IPO Close Date | March 18, 2026 |
| Basis of Allotment | March 20, 2026 |
| Refunds | March 23, 2026 |
| Credit to Demat Account | March 23, 2026 |
| IPO Listing Date | March 24, 2026 |
| IPO Bidding Cut‑off Time | March 18, 2026 – 5 PM |
Analysis
Promoters and Holding Pattern
| Promoters | Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha Trust, and Kappa Trust |
|---|
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 3,90,18,750 | 98.32% |
| Promoter Holding Post Issue | 4,65,18,750 | —% |
Analysis
Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Repayment or pre‑repayment of all or a portion of certain outstanding borrowings availed by the Company | ₹170 |
| General Corporate Purpose | ₹— |
Analysis
About GSP Crop Science IPO
GSP Crop Science is one of the leading research-driven agrochemical companies that develops, manufactures, and sells crop protection products such as insecticides, herbicides, fungicides, and plant growth regulators.
The company has around 4 decades of experience in the agrochemical industry. The firm works in two major areas, including Formulations and Technicals. Due to this, the farmer got help and enhanced the productivity.
Not only this, but the company has around 102 patents, and 108 more patent applications are currently in process. Moreover, the company runs five manufacturing plants in Gujarat and Jammu & Kashmir, with a total production capacity of 15,120 MTPA for technicals and 43,672 MTPA for formulations.
Analysis
GSP Crop Science IPO Company Financial Report
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2023 | ₹1206.05 | ₹1182.72 | ₹21.55 | ₹1132.13 |
| 2024 | ₹1158.23 | ₹1081.67 | ₹61.29 | ₹980.34 |
| 2025 | ₹1301.06 | ₹1191.38 | ₹82.14 | ₹1228.50 |
| Sep 2025 | ₹847.61 | ₹739.86 | ₹81.06 | ₹1491.69 |
Analysis
GSP Crop Science IPO Valuation – FY2025
| ROE | 18.38% |
|---|---|
| ROCE | 19.80% |
| EBITDA Margin | 12.74% |
| PAT Margin | 6.26% |
| Debt to Equity Ratio | 0.58 |
| Earning Per Share (EPS) | ₹21.20 (Basic) |
| Price / Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 18.38% |
| Net Asset Value (NAV) | ₹115.34 |
Analysis
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| PI Industries Limited | 109.44 | 28.25 | 16.35% | 669.47 | 7,977.80 Cr. |
| Sumitomo Chemical India Limited | 10.13 | 39.23 | 17.42% | 58.12 | 3,148.52 Cr. |
| Dhanuka Agritech Limited | 65.55 | 15.13 | 21.18% | 311.17 | 2,035.15 Cr. |
| Rallis India Limited | 6.43 | 40.12 | 6.61% | 97.92 | 2,662.94 Cr. |
| Bharat Rasayan Limited | 339.14 | 4.14 | 12.47% | 2,719.44 | 1,173.00 Cr. |
| India Pesticides Limited | 7.14 | 21.57 | 9.15% | 78.01 | 828.61 Cr. |
| Excel Industries Limited | 67.87 | 13.13 | 5.37% | 1,263.83 | 978.07 Cr. |
| Heranba Industries Limited | 0.77 | 252.92 | 0.37% | 210.13 | 1,409.73 Cr. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Pvt. Ltd.
- Motilal Oswal Investment Advisors Ltd.
FAQ
GSP Crop Science IPO FAQs
GSP Crop Science IPO price band is Rs 304.00 to Rs 320.00. Check the latest issue price, lot size and GMP together before applying.
GSP Crop Science IPO open date is 16 Mar 2026, close date is 18 Mar 2026, and listing date is 24 Mar 2026.
GSP Crop Science IPO lot size is 46 shares. The minimum retail investment is Rs 14,720.
GSP Crop Science is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
GSP Crop Science IPO subscription status currently shows Retail 0.21x, QIB 1.28x, Overall 0.98x.
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