GSP Crop Science IPO Review 2026 – Full Details, GMP, Price, Date, Allotment
Latest Grey Market Premium & IPO Details
GSP Crop Science IPO 2026 – Key Info & Highlights
GSP Crop Science is launching its ₹400 crore IPO from March 16 to March 18, 2026. The issue consists of a fresh issue of ₹240 crore and an OFS of ₹160 crore. The price band is fixed at ₹304–₹320 per share with a lot size of 46 shares. Listing is expected on March 24, 2026.
📌 IPO Details
| Company Name | GSP Crop Science IPO |
|---|---|
| Sector / Industry | Agrochemical / Crop Protection |
| IPO Open Date | 16-03-2026 |
| IPO Close Date | 18-03-2026 |
| Allotment Date | 20-03-2026 |
| Refund Date | 23-03-2026 |
| Share Credit Date | 23-03-2026 |
| Listing Date | 24-03-2026 |
| Price Band | ₹304 - ₹320 |
| Lot Size | 46 Shares |
| Min Investment | ₹14,720 |
| Net Issue Size | ₹400.00 Cr |
| Fresh Issue | ₹240.00 Cr |
| OFS | ₹160.00 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Anchor List | https://ipoinfoindia.com/uploads/anchor-doc/gsp-crop-science-anchor-20260316101653-9574.pdf |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 98.32 % |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 50% |
| QIB (Qualified Institutional Buyers) | 28.57% |
| HNI (High Net Worth Individuals) | 21.43% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 24-03-2026 | ₹2.00 | - | ₹322.00 | ₹92.00 | 24-03-2026 09:42 |
| 23-03-2026 | ₹2.00 | - | ₹322.00 | ₹92.00 | 23-03-2026 23:20 |
| 22-03-2026 | ₹2.00 | - | ₹322.00 | ₹92.00 | 22-03-2026 23:20 |
📝 About GSP Crop Science
GSP Crop Science Limited, incorporated in 1985, is an India-based agrochemical company engaged in the manufacturing and marketing of crop protection products such as insecticides, herbicides, fungicides, and plant growth regulators. The company focuses on providing effective crop protection solutions that help farmers improve productivity and protect crops from pests, weeds, and diseases.
The company operates in both Formulations and Technicals segments. Formulations include ready-to-use products made from active ingredients and additives, while Technicals are concentrated active ingredients used in the manufacturing of agrochemical products. Through these segments, the company develops, manufactures, supplies, and distributes a wide range of agrochemicals to meet the requirements of domestic as well as international customers.
GSP Crop Science has built a diversified portfolio of in-house manufactured products and has developed long-term relationships with several domestic and international B2B customers, including well-known agrochemical companies. This strong customer base helps the company maintain stable operations even in changing market conditions.
As of September 30, 2024, the company has received more than 500 product registrations across different categories and also holds several patents for its agrochemical products. A significant portion of the company’s revenue is generated from patented and specialized products, reflecting its focus on innovation and value-added offerings.
The company has strong research and development capabilities and continuously invests in improving its products and developing new formulations. Its R&D facilities located in Kathwada and Odhav, Gujarat, support testing, product development, and commercialization of complex agrochemical solutions required in the modern agriculture industry.
In terms of business operations, the company has hundreds of registrations for formulations and technical products, enabling it to manufacture a wide range of insecticides, herbicides, fungicides, and plant growth regulators. These products are supplied under the company’s own brands as well as through licensed manufacturing arrangements.
The company also operates modern manufacturing facilities designed to produce different types of agrochemical products with a focus on quality, efficiency, and sustainability. Supported by experienced promoters, a professional management team, and a skilled workforce, GSP Crop Science continues to strengthen its position in the agrochemical sector in India and expand its presence in international markets.
GSP Crop Science Revised Financials
Financial Data (Last 4 Periods)
| Period Ended | Total Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 1,491.69 | 847.61 | 81.07 | 138.86 | 529.85 | 490.84 | 321.13 |
| 31 Mar 2025 | 1,228.50 | 1,301.06 | 81.42 | 164.03 | 450.03 | 411.02 | 295.60 |
| 31 Mar 2024 | 980.34 | 1,158.23 | 55.54 | 130.41 | 370.46 | 344.46 | 235.44 |
| 31 Mar 2023 | 1,132.13 | 1,206.05 | 17.57 | 81.28 | 363.47 | 336.00 | 324.26 |
Note: All figures are in ₹ Crore. Data includes Assets, Income, PAT, EBITDA, Net Worth and Borrowings.
GSP Crop Science IPO Objects of Issue
- ₹170.00 Crore – Repayment / Prepayment of Borrowings – A major portion of the IPO proceeds will be used for repayment or prepayment of certain outstanding borrowings of the company. This will help reduce the overall debt burden, lower interest costs, and improve the financial stability of the company.
- General Corporate Purpose – The remaining funds will be utilized for general corporate purposes such as working capital requirements, business operations, administrative expenses, and supporting the future growth and expansion plans of the company.
GSP Crop Science Strengths
- Diversified Product Portfolio – The company has a well-diversified product portfolio consisting of insecticides, herbicides, fungicides, and plant growth regulators, enabling it to provide complete crop protection solutions to its customers.
- Wide Domestic and International Customer Base – GSP Crop Science serves a large and diverse customer base in India as well as in international markets, helping the company maintain stable and diversified revenue sources.
- Strong In-house Research & Development – The company has strong in-house R&D capabilities focused on innovation, new product development, and improving existing formulations to meet changing agricultural requirements.
- Robust Manufacturing Facilities – The company operates modern manufacturing facilities capable of producing a wide range of agrochemical products with a focus on quality, efficiency, and sustainable production practices.
- Experienced Promoters and Professional Management – The company is led by qualified and experienced promoters and supported by a skilled management team with strong industry knowledge.
GSP Crop Science Risk Factors
- Outstanding Borrowings and Debt Obligations – The company has existing borrowings, and a major portion of the IPO proceeds is proposed to be used for repayment or prepayment of certain loans. Any inability to manage debt efficiently may affect financial performance.
- Dependence on Agrochemical Industry – The business is dependent on the agrochemical sector, which is influenced by weather conditions, crop patterns, government policies, and overall agricultural demand.
- Dependence on Suppliers for Raw Materials – The company relies on third-party suppliers for key raw materials. Any delay, shortage, or price fluctuation may impact production and profitability.
- Regulatory Approvals and Product Registrations – The company requires various approvals, licenses, and product registrations from regulatory authorities in India and overseas markets. Any delay, suspension, or cancellation may affect business operations.
- Working Capital Requirements – The company requires significant working capital for its operations. Any shortage of funds may impact manufacturing, sales, and growth plans.
- Competition from Established Agrochemical Companies – The company faces strong competition from domestic as well as international players, which may affect pricing, margins, and market share.
- Export and International Business Risk – A portion of the company’s revenue comes from exports, and any change in international regulations, trade policies, or currency fluctuations may impact business performance.
- Seasonal Nature of Business – Demand for agrochemical products depends on crop seasons and monsoon. Poor agricultural conditions may negatively affect sales.
GSP Crop Science Ltd Address
Founded in: 1985
MD / CEO: Bhavesh Vrajmohan Shah
Address: 404, Lalita Complex, Rasala Road, Mithakhali Six Road, Navrangpura, Ahmedabad – 380009, Gujarat, India
Website: https://www.gspcrop.in
Phone: +91 79 61915165
Email: cs@gspcrop.com
IPO Quick Info
16 Mar 2026
18 Mar 2026
Upcoming
Lead Manager(s)
- Equirus Capital Pvt. Ltd.
- Motilal Oswal Investment Advisors Pvt. Ltd.
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Frequently Asked Questions
Investors looking for listing gains should check the Grey Market Premium (GMP), subscription response, and final valuation before applying. For long-term investors, the company’s strong product portfolio, R&D capability, and export business are positive factors, but high competition and industry risks should also be considered. If the IPO is priced reasonably compared to peer companies, it may be considered for long-term investment, otherwise investors may wait for listing or further financial performance.