GSP Crop Science IPO Description – GSP Crop Science is a research-driven agrochemical manufacturer engaged in the development, production, and distribution of crop protection products, including insecticides, herbicides, fungicides, and plant growth regulators. With over 40 years of experience in the agrochemical industry, the company operates across two primary business segments—Formulations and Technicals—providing solutions that help farmers improve crop productivity and protect agricultural output. As of 30 September 2025, the company held 524 registrations across formulations and technicals.
GSP Crop Science holds 102 patents and 108 patent applications under process. The company operates five manufacturing facilities in Gujarat and Jammu & Kashmir with an aggregate installed capacity of 15,120 MTPA for technicals and 43,672 MTPA for formulations. Its products are distributed across 20 Indian states and exported to 37 countries, including the United States, Brazil, Vietnam, UAE, and Australia. As of 30 September 2025, GSP’s total workforce consisted of 1,221 permanent employees.
Promoters of GSP Crop Science – Bhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha Trust, and Kappa Trust
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GSP Crop Science IPO Details
| GSP Crop Science IPO Dates | 16 – 18 March 2026 |
| GSP Crop Science IPO Price | INR 304 – 320 per share |
| Fresh issue | INR 240 crore |
| Offer For Sale | 50,00,000 shares (INR 152 – 160 crore) |
| Total IPO size | INR 392 – 400 crore |
| Minimum bid (lot size) | 46 shares (INR 14,720) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
GSP Crop Science Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 1,203.31 | 1,152.16 | 1,287.39 | 844.29 |
| Expenses | 1,182.72 | 1,081.67 | 1,191.38 | 739.86 |
| Net income | 17.57 | 55.54 | 81.42 | 81.07 |
| Margin (%) | 1.46 | 4.82 | 6.32 | 9.60 |
GSP Crop Science Offer News
- GSP Crop Science RHP
- GSP Crop Science DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
GSP Crop Science Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre Issue) | FY 2026 (Post-Issue)* | |
| EPS | 5.16 | 14.89 | 21.38 | 35.59 |
| PE Ratio | – | – | 14.22 – 14.97 | 8.54 – 8.99 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 4.79 | 15.00 | 18.38 |
| NAV | 88.18 | 94.94 | 115.34 |
| ROCE (%) | 9.00 | 18.91 | 19.80 |
| EBITDA (%) | 6.75 | 11.32 | 12.74 |
| Debt/Equity | 0.77 | 0.53 | 0.58 |
GSP Crop Science IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the company – INR 170 crore
- General corporate purposes
GSP Crop Science – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| GSP Crop Science | 8.99 | 35.59 | 18.38 | 115.34 | 1,287.39 |
| PI Industries | 28.25 | 109.42 | 16.35 | 669.47 | 7,977.80 |
| Sumitomo Chemical | 39.23 | 10.13 | 17.42 | 58.12 | 3,148.52 |
| Dhanuka Agritech | 15.13 | 65.55 | 21.18 | 311.17 | 2,035.15 |
GSP Crop Science IPO Allotment Status
GSP Crop Science IPO allotment status will be available on MUFG Intime’s website. Click on this link to get the allotment status.
GSP Crop Science IPO Dates & Listing Performance
| IPO Opening Date | 16 March 2026 |
| IPO Closing Date | 18 March 2026 |
| Finalization of Basis of Allotment | 20 March 2026 |
| Initiation of refunds | 23 March 2026 |
| Transfer of shares to demat accounts | 23 March 2026 |
| GSP Crop Science IPO Listing Date | 24 March 2026 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
GSP Crop Science Offer Lead Manager
EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra
Phone: +91 (22) 4332 0736
Email: [email protected]
Website: www.equirus.com
GSP Crop Science Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
GSP Crop Science Contact Details
GSP CROP SCIENCE LIMITED
404, Lalita Complex, Rasala Road, Mithakhali Six Road,
Navrangpura, Ahmedabad, 380 009, Gujarat, India
Phone: +91 79 61915165
Email: [email protected]
Website: www.gspcrop.in
GSP Crop Science IPO FAQs
How many shares in GSP Crop Science IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for GSP Crop Science Public Offer?
The best way to apply for GSP Crop Science public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit it to your broker.
Mahesh Yadav is a prolific writer with over a decade of professional experience. A person of wide interests, he found his true calling in the field of investing and specifically the stock market. He has an amazing skill of presenting the most complex financial concepts (and there is no shortage of complexity in investing) in simple language and terms.