What is the GMP of GSP Crop Science IPO today?

The Grey Market Premium (GMP) for GSP Crop Science IPO is currently ₹2. With an upper price band of ₹320, the estimated listing price is ₹322 per share, reflecting an expected listing gain of ~0.63%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for GSP Crop Science IPO?

The price band for GSP Crop Science IPO is ₹304 to ₹320 per equity share. The minimum lot size is 46 shares, which requires a minimum retail application investment of ₹14,720.

What are the important dates for GSP Crop Science IPO?

GSP Crop Science IPO opens for subscription on 2026-03-16T00:00:00 and closes on 2026-03-18T00:00:00. The basis of allotment is scheduled for 2026-03-20T00:00:00, and shares are expected to list on 2026-03-24T00:00:00 on BSE, NSE.

How can I check the allotment status for GSP Crop Science IPO?

You can check GSP Crop Science IPO allotment status on the registrar's official portal (MUFG Intime India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for GSP Crop Science IPO?

Investors can apply for GSP Crop Science IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the GSP Crop Science IPO open and close?

The IPO opens on 16 Mar 2026, and closes on 18 Mar 2026.

What is GSP Crop Science IPO price band?

The issue price band is ₹304.00 to ₹320.00 per equity share.

What is the GSP Crop Science IPO lot size?

The minimum lot size is 46 shares per application.

What is the GSP Crop Science IPO allotment date?

The allotment is scheduled on 20 Mar 2026.

GSP Crop Science IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

400.00 Cr

Price Band

₹304.00 - ₹320.00

Lot Size

46 Shares

Min Investment

₹14,720

GMP

₹2

Subscription

1.64x

₹459.33 Cr

16 Mar 2026

IPO Opens

COMPLETED

18 Mar 2026

IPO Closes

COMPLETED

20 Mar 2026

Basis of Allotment

COMPLETED

23 Mar 2026

Refunds

COMPLETED

23 Mar 2026

Demat Credit

COMPLETED

24 Mar 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

16 Mar 2026

IPO ClosesDONE

18 Mar 2026

Basis of AllotmentDONE

20 Mar 2026

RefundsDONE

23 Mar 2026

Demat CreditDONE

23 Mar 2026

ListingDONE

24 Mar 2026

About GSP Crop Science IPO

GSP Crop Science IPO open date is March 16, 2026 and the IPO will close on March 18, 2026. GSP Crop Science IPO is a Book build Issue. The company to raise around ₹400 crores via IPO that comprises fresh issue of ₹240 crores and offer for sale up to 50,00,000 equity shares with face value of ₹10 each.

GSP Crop Science IPO price band is ₹304 to ₹320 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. GSP Crop Science IPO to list on BSE, NSE on March 24, 2026. The allotment of GSP Crop Science IPO date is March 20, 2026.

The company reported revenue of ₹1,301.06 crores in 2025 against ₹1,158.23 crores in 2024. The company reported profit of ₹82.14 crores in 2025 against profit of ₹61.29 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

GSP Crop Science IPO Details and Specifications
IPO Date	16 Mar 2026 to 18 Mar 2026
Face Value	₹10 Per Share
Price Band	₹304.00 - ₹320.00
Lot Size	46 Shares
Total Issue Size	Approx 400.00 Cr 1,25,00,000 Equity Shares
Fresh Issue	Approx 240.00 Cr 75,00,000 Equity Shares
Offer for Sale	Approx 160.00 Cr 50,00,000 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	24 Mar 2026
Listing At	BSE & NSE
Total Subscription Amount	₹459.33 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	62,50,000	50.00%
- Anchor	37,50,000	30.00%
- QIB (Ex. Anchor)	25,00,000	20.00%
NII	18,75,000	15.00%
- bNII > ₹10L	12,50,000	10.00%
- sNII < ₹10L	6,25,000	5.00%
Retail	43,75,000	35.00%
Total	1,25,00,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	46	₹14,720
Individual investors (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

About Company

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.

Contact Details

GSP Crop Science Ltd.

404, Lalita Complex, Rasala Road,

Mithakhali Six Road,

Navrangpura,

Ahmedabad, Gujarat, 380009

+91 79 61915165

cs@gspcrop.com

Visit Website

Registrar

MUFG Intime India Pvt Ltd

+91-22-49186270

gspcrop.ipo@linkintime.co.in

Lead Managers

Equirus Capital Pvt Ltd

Motilal Oswal Investment Advisors Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
24-Mar-2026 12:59 PM	+₹2	₹322	+0.63%	₹92
23-Mar-2026 02:00 PM	+₹0	₹320	+0.00%	₹0
21-Mar-2026 05:00 PM	+₹0	₹320	+0.00%	₹0
20-Mar-2026 02:00 PM	+₹0	₹320	+0.00%	₹0
19-Mar-2026 02:00 PM	+₹0	₹320	+0.00%	₹0
18-Mar-2026 03:00 PM	+₹0	₹320	+0.00%	₹0
17-Mar-2026 05:00 PM	+₹0	₹320	+0.00%	₹0
16-Mar-2026 08:00 AM	+₹0	₹320	+0.00%	₹0
15-Mar-2026 12:00 PM	+₹0	₹320	+0.00%	₹0
14-Mar-2026 12:00 PM	+₹0	₹320	+0.00%	₹0
13-Mar-2026 02:00 PM	+₹0	₹320	+0.00%	₹0
12-Mar-2026 12:00 PM	+₹0	₹320	+0.00%	₹0
11-Mar-2026 12:00 PM	+₹0	₹320	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	2.66x	25,00,000	66,38,628	₹212.44 Cr
NII	3.14x	18,75,000	58,89,840	₹188.47 Cr
bNII > ₹10L	4.11x	12,50,000	51,40,224	₹164.49 Cr
sNII < ₹10L	1.20x	6,25,000	7,49,616	₹23.99 Cr
Retail	0.42x	43,75,000	18,25,648	₹58.42 Cr
Total	1.64x	87,50,000	1,43,54,116	₹459.33 Cr

Objects of the Issue

01 Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company : 170.00 Cr
02 General Corporate Purpose : 50.32 Cr
03 Issue Expenses : 32.81 Cr

Company Financials

Period Ended	30 SEPT 2025	31 MAR 2025	31 MAR 2024
Total Income	847.61	1301.06	1158.23
Profit After Tax	81.07	81.42	55.54
EBITDA	138.86	164.03	130.41
NET Worth	529.85	450.03	370.46
Reserves and Surplus	490.84	411.02	344.46
Total Borrowing	321.13	295.60	235.44

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	19.80%
Debt/Equity Ratio	0.58
Return on Net Worth (RoNW)	18.38%
PAT Margin	6.26%
EBITDA Margin	12.74%
Net Asset Value (NAV)	₹115.34
Earning Per Share (EPS)	₹21.20

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Heranba Industries Limited	0.77	252.92	210.13	0.37	1,409.73
Excel Industries Limited	67.87	13.13	1.00	5.37	978.07
India Pesticides Limited	7.14	21.57	78.01	9.15	828.61
Bharat Rasayan Limited	339.14	4.14	2.00	12.47	1,173.00
Rallis India Limited	6.43	40.12	97.92	6.61	2,662.94
Dhanuka Agritech Limited	65.55	15.13	311.17	21.18	2,035.15
Sumitomo Chemical India Limited	10.13	39.23	58.12	17.42	3,148.52
PI Industries Limited	109.44	28.25	669.47	16.35	7,977.80

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha Trust, Kappa Trust are the company's promoters of GSP Crop Science .

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	98.32%	71.72%
Others*	1.68%	28.28%

Strengths

GSP Crop Science offers a wide range of crop protection solutions to help farmers increase productivity and maximize farm production.
The firm is backed by a diversified customer base both domestically and internationally.
The company is supported by experienced promoters who have 40 years of experience in the agrochemicals industry.
With support of strong in-house R&D, the firm is focused on offering innovative and most effective techno-chemical crop protection solutions.

Risks

The firm relies only on a few suppliers for its raw materials. Unable to buy raw materials on time from these suppliers can negatively impact the business and its operations.
Around 62% of the company’s revenue comes from the states of Gujarat, Maharashtra, Andhra Pradesh, Rajasthan, and Karnataka. Any problem occurs in these regions can badly affect the business.
GSP Crop Science does not have a long-term agreement with its customers. Unable to keep or attract new ones can impact the financial condition.
Over the past five years, the company’s sales have increased by only 7.34%, which is considered weak and slow growth

Frequently Asked Questions (FAQ)

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About GSP Crop Science IPO

IPO Details

GSP Crop Science IPO Details and Specifications
IPO Date	16 Mar 2026 to 18 Mar 2026
Face Value	₹10 Per Share
Price Band	₹304.00 - ₹320.00
Lot Size	46 Shares
Total Issue Size	Approx 400.00 Cr 1,25,00,000 Equity Shares
Fresh Issue	Approx 240.00 Cr 75,00,000 Equity Shares
Offer for Sale	Approx 160.00 Cr 50,00,000 Equity Shares
Retail Portion	35%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	24 Mar 2026
Listing At	BSE & NSE
Total Subscription Amount	₹459.33 Cr

Investor Category

Shares Offered

% Net Issue

QIB

62,50,000

50.00%

- Anchor

37,50,000

30.00%

- QIB (Ex. Anchor)

25,00,000

20.00%

NII

18,75,000

15.00%

- bNII > ₹10L

12,50,000

10.00%

- sNII < ₹10L

6,25,000

5.00%

Retail

43,75,000

35.00%

Total

1,25,00,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

₹14,720

Individual investors (Retail) (Max)

598

₹1,91,360

S-HNI (Min)

644

₹2,06,080

S-HNI (Max)

3,082

₹9,86,240

B-HNI (Min)

3,128

₹10,00,960

About Company

Contact Details

GSP Crop Science Ltd.

404, Lalita Complex, Rasala Road,

Mithakhali Six Road,

Navrangpura,

Ahmedabad, Gujarat, 380009

+91 79 61915165

cs@gspcrop.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

24-Mar-2026 12:59 PM

+₹2

₹322

+0.63%

₹92

23-Mar-2026 02:00 PM

+₹0

₹320

+0.00%

₹0

21-Mar-2026 05:00 PM

+₹0

₹320

+0.00%

₹0

20-Mar-2026 02:00 PM

+₹0

₹320

+0.00%

₹0

19-Mar-2026 02:00 PM

+₹0

₹320

+0.00%

₹0

18-Mar-2026 03:00 PM

+₹0

₹320

+0.00%

₹0

17-Mar-2026 05:00 PM

+₹0

₹320

+0.00%

₹0

16-Mar-2026 08:00 AM

+₹0

₹320

+0.00%

₹0

15-Mar-2026 12:00 PM

+₹0

₹320

+0.00%

₹0

14-Mar-2026 12:00 PM

+₹0

₹320

+0.00%

₹0

13-Mar-2026 02:00 PM

+₹0

₹320

+0.00%

₹0

12-Mar-2026 12:00 PM

+₹0

₹320

+0.00%

₹0

11-Mar-2026 12:00 PM

+₹0

₹320

+0.00%

₹0

GSP Crop Science IPO Details

About GSP Crop Science IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the GSP Crop Science IPO open and close?

What is GSP Crop Science IPO price band?

What is the GSP Crop Science IPO lot size?

What is the GSP Crop Science IPO allotment date?

What is the GSP Crop Science IPO listing date?

What is the minimum investment required in GSP Crop Science IPO?

Join the discussion

GSP Crop Science IPO Details

About GSP Crop Science IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the GSP Crop Science IPO open and close?

What is GSP Crop Science IPO price band?

What is the GSP Crop Science IPO lot size?

What is the GSP Crop Science IPO allotment date?

What is the GSP Crop Science IPO listing date?

What is the minimum investment required in GSP Crop Science IPO?

Join the discussion