GSP Crop Science IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
Financial Analysis
| 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 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| PI Industries Limited | 109.44 | 28.25 | 16 |
| Sumitomo Chemical India Limited | 10.13 | 39.23 | 17 |
| Dhanuka Agritech Limited | 65.55 | 15.13 | 21 |
| Rallis India Limited | 6.43 | 40.12 | 7 |
| Bharat Rasayan Limited | 339.14 | 4.14 | 12 |
| India Pesticides Limited | 7.14 | 21.57 | 9 |
| Excel Industries Limited | 67.87 | 13.13 | 5 |
| Heranba Industries Limited | 0.77 | 252.92 | 0 |
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% |
Strengths & Risks
- Strong institutional (QIB) demand — 2.7x.
- Strong return on equity — 18%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
Our data checks haven't flagged a specific concern for GSP Crop Science — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
GSP Crop Science Ltd., 404, Lalita Complex, Rasala Road,, Mithakhali Six Road,, Navrangpura,, Ahmedabad, Gujarat, 380009
| 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
GSP Crop Science has set a price band of Rs 304–Rs 320 per share for an issue size of Rs 400 crore. The stock listed with a 2.50% gain versus its issue price on March 24, 2026.
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 issue is promoted by Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha Trust, and Kappa Trust with Equirus Capital Pvt. Ltd., Motilal Oswal Investment Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company (Rs 200 crore) and General Corporate Purpose.
On fundamentals, the company is posting revenue growth of 12.3%, a profit margin of 6.2%, return on equity of 18.4% in its most recent reported period. Listed peers in this segment include Dhanuka Agritech Limited (P/E 15.13x, market cap Rs 21 crore) and Sumitomo Chemical India Limited (P/E 39.23x, market cap Rs 17 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
GSP Crop Science IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full GSP Crop Science GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!