GSP Crop Science IPO

Listed Mainboard
Open Mar 16
Close Mar 18
Allotment Mar 20
Refund Mar 23
Listing Mar 24

Market Sentiment

Grey Market Premium What is GMP?
+Rs 2
+0.6%
Est. Listing: Rs 322
Updated: Mar 21, 2026 3:43 pm
View Full GMP History →
Subscription Status
QIB
2.66x
bNII (>10L)
3.99x
sNII (2-10L)
1.16x
Retail
0.40x
Total
1.61x
Updated: Mar 30, 2026 6:00 pm IST
Analysis Score 40 / 100
Neutral
Data: 78%
GMP Score 45
Subscription Score 30
Financial Health 56

Market Lot Size

Category Lots 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 Details

Issue Price₹304-320 per equity share
Face Value₹10 Per Equity Share
Lot Size 46 shares (Min ₹14,720)
Total Issue Size ₹400.00 crore
Fresh Share₹240.00 crore
Offer For Sale₹160.00 crore
Issue TypeBook build Issue
Lead ManagerEquirus Capital Pvt. Ltd., Motilal Oswal Investment Advisors Ltd.
RegistrarMUFG Intime India Pvt. Ltd.
Listing atBoth
NSE Symbol
ISIN
Listing Price₹328.00
Listing Gain+2.50%

IPO Reservation

Category Shares Offered
QIB25,00,000
NII (HNI)18,75,000
bNII > ₹10L12,89,474
sNII < ₹10L6,44,737
Retail43,75,000
Anchor37,50,000

Financial Analysis

Financial Data
ROE
18.38%
ROCE
19.80%
Debt/Equity
0.58
NAV/Share
Rs 115.34
Revenue Growth
12.33%
Profit Margin
6.22%
Financial Performance
Metric 2023 2024 2025 Sep 2025
Revenue 1,206.05 1,158.23 1,301.06 847.61
Expense 1,182.72 1,081.67 1,191.38 739.86
Profit (PAT) 21.53 61.15 80.87 81.03
Total Assets 1,132.13 980.34 1,228.50 1,491.69
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
PI Industries Limited 28.25 109.44 16
Sumitomo Chemical India Limited 39.23 10.13 17
Dhanuka Agritech Limited 15.13 65.55 21
Rallis India Limited 40.12 6.43 7
Bharat Rasayan Limited 4.14 339.14 12
India Pesticides Limited 21.57 7.14 9
Excel Industries Limited 13.13 67.87 5
Heranba Industries Limited 252.92 0.77 0
Promoters & Holding Pattern

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

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 3,90,18,750 98.32%

Company Information

About GSP Crop Science

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.

Objects of the Issue
Purpose Amount (Cr)
Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company 200.00
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
March 13, 2026
Shares Offered to Anchors
37,50,000
Lock-in End (30 Days, 50%)
April 19, 2026
Lock-in End (90 Days, 50%)
June 18, 2026
Company Contact Information

GSP Crop Science Ltd., 404, Lalita Complex, Rasala Road,, Mithakhali Six Road,, Navrangpura,, Ahmedabad, Gujarat, 380009

Frequently Asked Questions

GSP Crop Science IPO is Mainboard IPO. The company is going to raise ₹400 Crores via IPO. The issue is priced at ₹304 to ₹320 per equity share. The IPO is to be listed on BSE & NSE.

The IPO is to open on March 16, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 18, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for GSP Crop Science IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

GSP Crop Science IPO issue size is ₹400 crores.

GSP Crop Science IPO Price Band is ₹304 to ₹320.

The minimum bid is 46 Shares with ₹14,720 amount.

GSP Crop Science IPO allotment date is March 20, 2026.

GSP Crop Science IPO listing date is March 24, 2026. The IPO is to list on BSE & NSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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