GSP Crop Science Limited IPO
GSP Crop Science is a research-driven agrochemical company engaged in the development and manufacturing of crop protection products in India, with over 40 years of industry experience. The Company specializes in insecticides, herbicides, fungicides and plant growth regulators that support agricultural productivity and crop health. Its operations include the manufacturing of technical-grade active ingredients and finished formulations used across various agricultural applications. As of September 30, 2025, GSP Crop Science had received 524 product registrations across its agrochemical portfolio. The Company also maintains a strong innovation focus, holding 102 granted patents and 108 patent applications under process, reflecting its continued investment in research, product development and proprietary manufacturing processes to strengthen its product portfolio.
Price Band₹304 - ₹320 |
Dates16 Mar - 18 Mar |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹400.00 Crs |
GSP Crop Science IPO Key Dates
Opening Date
16 Mar 26
Closing Date
18 Mar 26
Basis Of Allotment
20 Mar 26
Initiations Of Refund
23 Mar 26
Credit Of Shares
23 Mar 26
Listing Date
24 Mar 26
GSP Crop Science IPO Objects
- Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
GSP Crop Science IPO Details
Price Band₹304 - ₹320 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹240.00 Cr (0.75 Cr Shares) |
Offer For Sale₹160.00 Cr (0.50 Cr Shares) |
Total Issue₹400.00 Cr (1.25 Cr Shares) |
Face Value₹10 per equity share |
GSP Crop Science IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
46
14,720
Maximum
13
598
1,91,360
|
|||
| Small HNI |
Minimum
14
644
2,06,080
Maximum
67
3,082
9,86,240
|
|||
| Big HNI |
Minimum
68
3,128
10,00,960
|
|||
GSP Crop Science IPO GMP
The estimated Grey Market Premium of GSP Crop Science IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
GSP Crop Science IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 844.29 | 1,287.39 | 1,152.16 | 1,203.31 |
| Profit after Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| Net Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Total Borrowing | 321.13 | 295.60 | 235.44 | 324.26 |
| Total Assets | 1,491.69 | 1,228.50 | 980.34 | 1,132.13 |
| NAV per share (in ₹) | 135.80 | 115.34 | 94.94 | 88.18 |
| EPS - Basic (in ₹) | 21.22 | 21.20 | 13.49 | 4.20 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 12.74% |
| PAT | 6.26% |
| ROE | 18.38% |
| ROCE | 19.80% |
| Net Debt to Equity | 0.58 |
| PE Ratio | 15.09 |
| PB Ratio | 2.77 |
| Mkt Cap (in Crs.) | 1,488.60 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
GSP Crop Science IPO Peer Comparision
| Particulars | GSP Crop | PI Industries | Sumitomo Chemical | Dhanuka Agritech | Rallis India | Bharat Rasayan | India Pesticides | Excel Industries | Heranba Industries |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,287.39 | 7,977.80 | 3,148.52 | 2,035.15 | 2,662.94 | 1,173.00 | 828.61 | 978.07 | 1,409.73 |
| PAT | 81.42 | 1,660.20 | 506.44 | 296.96 | 125.13 | 140.92 | 82.18 | 85.31 | 2.25 |
| EPS (₹) | 21.20 | 109.44 | 10.13 | 65.55 | 6.43 | 339.14 | 7.14 | 67.87 | 0.77 |
| NAV (₹) | 115.34 | 669.47 | 58.12 | 311.17 | 97.92 | 2,719.44 | 78.01 | 1,263.83 | 210.13 |
| RONW | 18.38% | 16.35% | 17.42% | 21.18% | 6.61% | 12.47% | 9.15% | 5.37% | 0.37% |
| EBITDA | 12.74% | 31.68% | 23.89% | 22.24% | 11.96% | 18.48% | 16.22% | 15.27% | 7.48% |
| PAT Mrgn | 6.26% | 19.95% | 15.49% | 14.34% | 4.64% | 11.75% | 9.74% | 8.46% | 0.16% |
| PE Ratio | 15.09 | 28.25 | 39.23 | 15.13 | 40.12 | 4.14 | 21.57 | 13.13 | 252.92 |
| Net Debt to Equity | 0.58 | -0.24 | -0.01 | 0.03 | -0.02 | 0.03 | -0.05 | -0.01 | 0.34 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 5, 2026 for Peers
GSP Crop Science IPO Peer Comparision
| Particulars | GSP Crop |
|---|---|
| Revenue | 1,287.39 |
| PAT | 81.42 |
| EPS (₹) | 21.20 |
| NAV (₹) | 115.34 |
| RONW | 18.38% |
| EBITDA | 12.74% |
| PAT Mrgn | 6.26% |
| PE Ratio | 15.09 |
| Net Debt to Equity | 0.58 |
| PI Industries | Sumitomo Chemical | Dhanuka Agritech | Rallis India | Bharat Rasayan | India Pesticides | Excel Industries | Heranba Industries |
|---|---|---|---|---|---|---|---|
| 7,977.80 | 3,148.52 | 2,035.15 | 2,662.94 | 1,173.00 | 828.61 | 978.07 | 1,409.73 |
| 1,660.20 | 506.44 | 296.96 | 125.13 | 140.92 | 82.18 | 85.31 | 2.25 |
| 109.44 | 10.13 | 65.55 | 6.43 | 339.14 | 7.14 | 67.87 | 0.77 |
| 669.47 | 58.12 | 311.17 | 97.92 | 2,719.44 | 78.01 | 1,263.83 | 210.13 |
| 16.35% | 17.42% | 21.18% | 6.61% | 12.47% | 9.15% | 5.37% | 0.37% |
| 31.68% | 23.89% | 22.24% | 11.96% | 18.48% | 16.22% | 15.27% | 7.48% |
| 19.95% | 15.49% | 14.34% | 4.64% | 11.75% | 9.74% | 8.46% | 0.16% |
| 28.25 | 39.23 | 15.13 | 40.12 | 4.14 | 21.57 | 13.13 | 252.92 |
| -0.24 | -0.01 | 0.03 | -0.02 | 0.03 | -0.05 | -0.01 | 0.34 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 5, 2026 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Bhavesh Shah | 24.44% |
| Vilasben Shah | 21.82% |
| Kappa Trust | 26.71% |
| Others | 25.35% |
| Total | 98.32% |
Management Details
| Name | Designation |
|---|---|
| Bhavesh Shah | Chairman & MD |
| Shail Shah | CFO |
Company Details
Name: GSP Crop Science Limited
Address: 404, Lalita Complex, Rasala Road, Mithakhali Six Road, Navrangpura, Ahmedabad, 380 009, Gujarat, India
Number: +91 79 61915165
Email: cs@gspcrop.com
Website: https://www.gspcrop.in
Book Running Lead Managers (BRLMs)
RTAs
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
GSP Crop Science IPO is a Mainboard IPO having an issue size of Rs. ₹400.00 Crs. GSP Crop Science IPO is priced at ₹304 - ₹320 per share. The issue opens on 16 Mar 26 and closes on 18 Mar 26.
GSP Crop Science IPO opens on 16 Mar 26 and closes on 18 Mar 26.
The estimated Grey Market Premium of GSP Crop Science IPO is ₹0 per share (0.00%).
The minimum lot size of GSP Crop Science IPO is 46 shares & the minimum application amount is Rs. 14720.
The allotment date of GSP Crop Science IPO is 20 Mar 26.
The listing date of GSP Crop Science IPO is 24 Mar 26.
GSP Crop Science IPO is subscribed -.
GSP Crop Science IPO is priced at ₹304 - ₹320 per share.
Click the allotment link on GSP Crop Science IPO page of IPO360.
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- Money will remain blocked till the refund date
