GSP Crop Science
listed
Mainboard IPO
₹8.00
(2.50%)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05GSP Crop Science IPO Market Lot
- 06 GSP Crop Science IPO Details
- 07 IPO Reservation
- 08 GSP Crop Science IPO Anchor Investors<
- 09 GSP Crop Science IPO Dates
- 10 Promoters and Holding Pattern
- 11 Objects of the Issue & Utilisation of Proceeds
- 12 About GSP Crop Science IPO
- 13 GSP Crop Science IPO Company Financial Report
- 14 GSP Crop Science IPO Valuation – FY2025
- 15 Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
PRICE BAND
304.00 - 320.00
LOT SIZE
46 Shares
INVESTMENT
₹14,720
IPO ROADMAP
BIDDING STARTS
16 Mar 2026
2
BIDDING ENDS
18 Mar 2026
3
ALLOTMENT
TBA
4
LISTING
24 Mar 2026
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily 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% |
GSP Crop Science IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 46 | ₹14,720 |
| Retail Maximum | 13 | 598 | ₹191,360 |
| S-HNI Minimum | 14 | 644 | ₹206,080 |
| S-HNI Maximum | 67 | 3,082 | ₹986,240 |
| B-HNI Minimum | 68 | 3,128 | ₹1,000,960 |
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 |
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% |
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 |
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 |
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 | —% |
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 | ₹— |
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.
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 |
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 |
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. |
IPO Lead Managers aka Merchant BANKERS
- Equirus Capital Pvt. Ltd.
- Motilal Oswal Investment Advisors Ltd.