GSP Crop Science IPO, a mainboard book-built issue, will raise ₹400.00 crore, with a fresh issue of up to 75,00,000 Equity Shares of ₹240.00 crore and an offer-for-sale of 50,00,000 Equity Shares of ₹160 crore, at face value ₹10/share.
The GSP Crop Science IPO bidding begins on 16 March 2026 and ends on 18 March 2026. The GSP Crop Science Ltd share allotment is expected on 20 March 2026, and the listing is tentative on BSE and NSE on 24 March 2026.
The price band for the GSP Crop Science IPO is locked in at ₹304/share–₹320/share. The lot size for each application is 46, with the minimum investment requirement by an individual investor standing at ₹14,720 (46 shares x upper price).
GSP Crop Science IPO–Details
The table below lists all the GSP Crop Science IPO key details:
| IPO Open | 16 March 2026 |
| IPO Close | 18 March 2026 |
| Face value | ₹10/share |
| Price Band | ₹304/share–₹320/share |
| Issue price | – |
| IPO Lot Size | 46 Shares/Application |
| Offer-for-sale | 50,00,000 Equity Shares (₹160.00 crore) |
| Fresh issue | Up to 75,00,000 Equity Shares (₹240.00 crore) |
| Issue Type | Mainboard Book-built Issue |
| Listing | BSE & NSE |
| Total Issue Size (₹ Crore) | ₹400.00 crore (up to 1,25,00,000 Equity Shares) |
| Minimum Retail Investment | ₹14,720 (46 shares/lot x upper price band) |
GSP Crop Science IPO–Timeline
| Bid Opening Date | 16 March 2026 |
| Bid Closing Date | 18 March 2026 |
| Allotment | 20 March 2026 |
| Refunds Initiated | 23 March 2026 |
| Share Credit Date | 23 March 2026 |
| Listing Date | 24 March 2026 |
| UPI mandate Cut-off time | 18 March 2026 (5 PM) |
GSP Crop Science Limited–Key Performance Indicators (KPIs)
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 18.38 | 15 | 4.79 |
| ROCE (%) | 19.8 | 18.91 | 9 |
| Debt-Equity Ratio (in times) | 0.58 | 0.53 | 0.77 |
| RoNW (%) | 18.38 | 15 | 4.79 |
| PAT Margin (%) | 6.26 | 4.8 | 1.46 |
| EBITDA Margin (%) | 12.74 | 11.32 | 6.75 |
| Price-Book Value | 2.77 | – | – |
GSP Crop Science Ltd–Financial Information
| 2025 (in ₹ crore) | 2024 (in ₹ crore) | 2023 (in ₹ crore) | |
| Revenue | 1,287.39 | 1,152.16 | 1,203.31 |
| Assets | 1,228.50 | 980.34 | 1,132.13 |
| Profit After Tax | 81.42 | 55.54 | 17.57 |
GSP Crop Science IPO–Subscription Status
Subscription data are not available!
The subscription rates will be available when the bidding starts.
You can submit their bids starting at 10:00 AM till 5:00 PM on the IPO dates.
GSP Crop Science IPO–Grey Premium Market (GMP)
The GSP Crop Science IPO GMP has been visible in the last two sessions. However, it’s quite soon to pass a judgement on the GMP trend.
Stay connected for daily GMP movement and the listing estimation.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend | Last Updated |
| 12 March 2026 | ₹0 | ₹320 | ₹ (0.00%) | – | 12/03/2026 (09:55 AM) |
| 11 March 2026 | ₹0 | ₹ | ₹ (0.00%) | – | 11/03/2026 (03:20 PM) |
Note: GMP figures are unofficial and may change with the given subscription trend, investor interest, and overall market sentiment.
GSP Crop Science IPO–Reservation
| Investor Category | % of Shares Offered |
| QIBs | Maximum 50% |
| Non-institutional Investors (NIIs) | Minimum 35% |
| Individual Investor | Minimum 35% |
| Total | 100% |
GSP Crop Science IPO–Lot Size
Individual investors must apply for at least 46 shares, that is, 1 lot. And, the other categories are supposed to bid in lot size multiples.
| Application | Lot Size | Shares | Amount |
| Individual Investors Minimum Application | 1 | 46 | ₹14,720 |
| Individual Investors Maximum Application | 13 | 598 | ₹1,91,360 |
| S-HNI Minimum Application | 14 | 644 | ₹2,06,080 |
| S-HNI Maximum Application | 67 | 3,082 | ₹9,86,240 |
| B-HNI Minimum Application | 68 | 3,128 | ₹10,00,960 |
GSP Crop Science IPO–Anchor Investors Details
| Bidding Opens On | 13 March 2026 |
GSP Crop Science IPO–Prospectus
About GSP Crop Science Limited
The company was founded on 12 February 1985 and operates in the agrochemical industry in India, under the Chairman and Managing Director, Bhavesh Vrajmohan Shah.
With experience of above 4-decades, the company focuses on crop protection products used in agriculture. Its activities include research, manufacturing, supply, and distribution of agrochemical solutions designed to support farming productivity.
The company develops and manufactures products for treating insect, herbs, fungus, and growth regulators for plants used in farming.
| Book Running Lead Managers (BRLM) | Equirus Capital Private Ltd Motilal Oswal Investment Advisors Ltd |
| IPO Registrar | MUFG Intime India Private Ltd |
Objectives of GSP Crop Science
| Particulars | Amount (in ₹ lakhs) |
| Repayment of borrowings | 170.00 |
| Corporate requirements | – |
GSP Crop Science Limited–Strengths
- Balanced product portfolio: The company manufactures pesticides and growth regulators for crops across multiple plant protection categories.
- Wide domestic and international clientele: The company serves B2B customers in India and overseas, supported by long-standing business relationships.
- In-house research and development: The company’s dedicated R&D supports process improvement, formulation development, and new product innovation.
- Manufacturing capabilities: The company operates facilities that produce various formulations with attention to efficiency, safety, and environmental standards.
GSP Crop Science Limited–Risks
- Regulatory approvals and registrations: The company’s operation depends on product registrations and approvals from CIBRC and other authorities. Therefore, any delays or cancellations may disrupt its operations.
- Strict quality and technical standards: The company’s failures to meet required specifications for formulations and technical products may lead to order losses and reputational damage.
- International regulatory compliance: The company’s overseas sales depend on approvals in foreign markets, and any regulatory changes or geopolitical conflict might affect the business activity.
- High raw material costs: The company’s material consumption forms a major share of expenses, and rising input costs may reduce margins if the prices are not adjusted.
GSP Crop Science IPO–Review
The GSP Crop Science IPO enters the market as a ₹400 crore mainboard issue with a mix of fresh shares and an offer-for-sale. GSP Crop Science Limited operates in the crop protection segment and reports consistent revenue growth with improving margins.
As an investor, you might note its diversified agrochemical portfolio and expanding client base. However, regulatory approvals and raw material costs remain important factors to watch after listing.
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GSP Crop Science IPO FAQs
The GSP Crop Science IPO is a mainboard book-built public issue through which the company plans to raise about ₹400 crore. The issue includes a fresh issue of shares and an offer for sale by existing shareholders. The funds from the fresh issue will mainly support repayment of borrowings and general corporate purposes.
To apply for the GSP Crop Science IPO, investors can use the ASBA facility through their bank account or apply through a registered stockbroker. The application can also be placed through UPI using trading apps. Bids must be submitted within the IPO bidding window from 10:00 AM to 5:00 PM.
The GSP Crop Science IPO presents a company operating in the agrochemical segment with a diversified product portfolio and improving profitability in recent years. However, the business also depends on regulatory approvals and raw material costs. Investors often review financial performance, valuation, and industry outlook before making a decision.
The GSP Crop Science IPO expected returns will depend on listing demand, market conditions, and company performance after listing. Grey market premium trends sometimes give an indication of market sentiment, but they are unofficial. Actual returns may vary based on subscription levels and broader stock market movement.
The GSP Crop Science IPO will open for subscription on 16 March 2026 and will close on 18 March 2026. During this period, investors can place their bids through brokers or banks using the ASBA process. The IPO follows the standard bidding schedule used for mainboard public issues in India.
The lot size of the GSP Crop Science IPO is 46 shares. Retail investors must apply for at least one lot, which requires an investment based on the upper price band. At ₹320 per share, the minimum application amount for retail investors stands at ₹14,720.
The share allotment for the GSP Crop Science IPO is expected to be finalised on 20 March 2026. After the allotment process, refunds for unsuccessful applications will be initiated, and shares will be credited to successful investors’ demat accounts before the listing date.
The shares of GSP Crop Science are expected to list on the BSE and NSE on 24 March 2026. Once listed, the stock will begin trading on the exchanges, and the opening price will depend on demand from investors and prevailing market conditions.
