IPO Details
| IPO Date | 16 to 18 Mar, 2026 |
| Listing Date | Tue, Mar 24, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹304 to ₹320 |
| Lot Size | 46 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| 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) |
| Share Holding Pre Issue | 3,90,18,750 shares |
| Share Holding Post Issue | 4,65,18,750 shares |
IPO Important Dates
| IPO Open | Mon, Mar 16, 2026 |
| IPO Close | Wed, Mar 18, 2026 |
| Allotment | Fri, Mar 20, 2026 |
| Refund | Mon, Mar 23, 2026 |
| Credit of Shares | Mon, Mar 23, 2026 |
| Listing | Tue, Mar 24, 2026 |
IPO Lot Size
| Retail (Min) | 1 | 46 | ₹14,720 |
| 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 |
Key Performance Indicator
| ROE | 15.62% |
| ROCE | 15.45% |
| Debt/Equity | 0.55 |
| PAT Margin | 9.56% |
| EBITDA Margin | 16.45% |
| Price to Book Value | |
Peers Comparison
| GSP Crop Science | 21.20 | 21.20 | 115.34 | | 18.38 |
| PI Industries | 109.44 | 109.42 | 669.47 | 28.25 | 16.35 |
| Sumitomo Chemical India | 10.13 | 10.13 | 58.12 | 39.23 | 17.42 |
| Dhanuka Agritech | 65.55 | 65.55 | 311.17 | 15.13 | 21.18 |
| Rallis India | 6.43 | 6.43 | 97.92 | 40.12 | 6.61 |
| Bharat Rasayan | 339.14 | 339.14 | 2,719.44 | 4.14 | 12.47 |
| India Pesticides | 7.14 | 7.14 | 78.01 | 21.57 | 9.15 |
| Excel Industries | 67.87 | 67.87 | 1,263.83 | 13.13 | 5.37 |
| Heranba Industries | 0.77 | 0.77 | 210.13 | 252.92 | 0.37 |
Information about company
Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the business of manufacturing insecticides, herbicides, fungicides and plant growth regulators.
The company provides crop protection solutions to help farmers increase productivity, offering formulations (active ingredients and additives) and technicals (concentrated active ingredients) for effective pest, weed, and disease control.
The company offers a diverse portfolio of in-house manufactured agrochemicals, providing crop protection solutions through the development, manufacturing, supply, and distribution of Formulations and Technicals to meet customer needs.
The company have served customers spread across 20 states in India in the six months ended September 30, 2025 and Fiscals 2025, 2024 and 2023.
The company's international business is spread across 37 countries, including the United States of America, Uruguay, Brazil, Vietnam, Singapore, UAE and Australia during the six months ended September 30, 2025, Fiscals 2025, 2024 and 2023, including in Latin America, Asia Pacific (excluding India), North America and other geographies.
As of September 30, 2025 the company have received 524 registrations across Formulations and Technicals for agrochemicals. The company's research and development efforts over the years have led to being granted 102 patents, and also have 108 patent applications under process as of March 10, 2026.
The company invests in R&D to develop and improve Formulations and Technicals, with dedicated facilities in Kathwada and Odhav for testing, commercialization, and producing complex chemistries for the agrochemical market.
Business Operations:
As of September 30, 2025, the company has 1,221 permanent employees.
Competitive Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company 170.00 2 General Corporate Purpose Total 170.00
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise GMP
| 14-03-2026 | 320.00 | 0(0.00%) | 320 |
| 13-03-2026 | 320.00 | 0(0.00%) | 320 |
| 12-03-2026 | 320.00 | 0(0.00%) | 320 |
| 11-03-2026 | | 0(%) | (%) |
IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
