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 |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
GSP Crop Science IPO Review & Key Points
- Review:
GSP Crop Science IPO Market Lot
The GSP Crop Science IPO minimum market lot is 46 shares with ₹14,720 application amount. The retail investors can apply up-to 13 lots with 598 shares of ₹1,91,360 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ₹14,720 |
| Retail Maximum | 13 | 598 | ₹1,91,360 |
| S-HNI Minimum | 14 | 644 | ₹2,06,080 |
| S-HNI Maximum | 67 | 3,082 | ₹9,86,240 |
| B-HNI Minimum | 68 | 3,128 | ₹10,00,960 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 37,50,000 Shares | 30% |
| QIB (Ex. Anchor) | 25,00,000 Shares | 20% |
| NII Shares Offered | 18,75,000 Shares | 15% |
| Retail Shares Offered | 43,75,000 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
The GSP Crop Science IPO date is March 16 and the close date is March 18. The GSP Crop Science IPO allotment will be finalized on March 20 and the IPO listing on March 24.
| 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
The promoters of the company are 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 | 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
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 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
Check GSP Crop Science IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| 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 | PE 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.
Company Address
GSP Crop Science Ltd.
404, Lalita Complex, Rasala Road,
Mithakhali Six Road,
Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91 79 61915165
Email: cs@gspcrop.com
Website: http://www.gspcrop.in/
IPO Registrar
MUFG Intime India Pvt. Ltd.
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
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Note: The GSP Crop Science IPO price band and date are officially announced. The (GSP Crop Science IPO grey market premium) will be added to the IPO GMP page as it will start).
