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GSP Crop Science

Listed MAINBOARD BSE, NSE · Pesticides & Agrochemicals

Price Band

₹304.0–320.0

Issue Size

₹400.0 Cr

Lot Size

46 shares

Min Investment

₹14,720

GMP

+₹2.0 (0.62%)

Issue Price

₹320.0

calendar_month Important Dates

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IPO Open Date
Mon, 16 Mar 2026
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IPO Close Date
Wed, 18 Mar 2026
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Allotment Date
Fri, 20 Mar 2026
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Refund Initiation
Mon, 23 Mar 2026
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Credit of Shares
Sat, 21 Mar 2026
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Listing Date
Tue, 24 Mar 2026
Listing Price
₹322.0 +0.63%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹2.0

GMP %

+0.62%

Est. Listing

₹322.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the manufacturing of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators. The company develops and supplies crop protection solutions aimed at improving farm productivity and supporting pest, weed, and disease management. Its offerings include both Formulations and Technicals, serving a wide range of agricultural applications across domestic and international markets. GSP Crop Science has built a diversified agrochemical portfolio through in-house product development, manufacturing, and distribution. The company serves a broad base of B2B customers, including leading agrochemical companies in India and overseas, supported by long-standing business relationships. As of September 30, 2024, the company held 507 product registrations for its agrochemical portfolio and owned 89 patents. Revenue generated from patented products during the six months ended September 30, 2024 stood at ₹1,441.11 million, contributing approximately 20.73% of total revenue. The company continues to invest in research and development to enhance existing products and develop new formulations and technicals. Its dedicated R&D facilities at Kathwada and Odhav support product testing, process development, commercialization, and the production of complex agrochemical chemistries. Business operations: Formulations: As of September 30, 2024, the company held 387 registrations for formulations. These products are made using active ingredients and additives and are available in both liquid and solid forms under owned brands and licensed products. Technicals: As of September 30, 2024, the company held 120 registrations for technicals, which are concentrated active ingredients used in the manufacturing of insecticides, herbicides, fungicides, and related agrochemical products. As of September 30, 2024, GSP Crop Science Limited employed 1,096 permanent employees. Competitive strengths: Diversified agrochemical portfolio across insecticides, herbicides, fungicides, and plant growth regulators. Established customer relationships with a broad domestic and international client base. Strong in-house R&D infrastructure focused on innovation and product development. Integrated manufacturing capabilities with emphasis on operational efficiency and sustainability. Experienced promoters and professional management team with extensive industry expertise.

payments Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 1,491.69 1,228.50 980.34 1,132.13
Total Income 847.61 1,301.06 1,158.23 1,206.05
Profit After Tax 81.07 81.42 55.54 17.57
EBITDA 138.86 164.03 130.41 81.28
NET Worth 529.85 450.03 370.46 363.47
Reserves and Surplus 490.84 411.02 344.46 336.00
Total Borrowing 321.13 295.60 235.44 324.26

Key Ratios

EPS

₹20.87

NAV

₹115.34

ROE

18.38%

ROCE

19.80%

P/B Value

2.77

P/E Ratio

15.34

Market Cap

₹1488.60 Cr

PAT Margin

6.26%

Debt/Equity

0.58

Promoters

Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha trust and Kappa Trust

Objects of the Issue

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 50.32 3 Issue Expenses 32.81 Total 253.12

info Issue Details

Issue Type MAINBOARD Book Built
Issue Size ₹400.0 Cr
Price Band ₹304.0 – ₹320.0
Issue Price ₹320.0
Lot Size 46 shares
Min Investment ₹14,720
Exchange BSE, NSE
Sector Pesticides & Agrochemicals
Open Date 16 Mar 2026
Close Date 18 Mar 2026
Allotment 20 Mar 2026
Listing Date 24 Mar 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain MUFG Intime India Pvt.Ltd.

Lead Managers / Book Running

account_balance Motilal Oswal Investment Advisors Ltd.
account_balance Equirus Capital Ltd.

timeline IPO Timeline

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Open

16 Mar 2026

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Close

18 Mar 2026

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Allotment

20 Mar 2026

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Listing

24 Mar 2026

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