GSP CROP SCIENCE LIMITED
Price Band
₹ 304 - ₹ 320
Bid Lot
46 Shares
GSP CROP SCIENCE LIMITED
16-Mar-2026 - 18-Mar-2026
Price Band
₹ 304 - ₹ 320
Minimum Investment
₹ 14720.00
Bid Lot
46 Shares
Shares
12,500,001
-
Face Value - Rs. 10/- Per Share
- Lisitng at NSE BSE
-
95,108 Application Required in Retail for 1 Time.
-
Registrar :
Link Intime India Private Ltd
IPO Details
Fresh Issue of Equity Shares aggregating to Rs. 240 Cr and Offer for sale of 5,000,000 Equity Shares
QIB
50%
(6,250,000 Shares)RS.200.00 CR
HNI 1
5%
(625,000 Shares)RS.20.00 CR @ 970 FORM 1X
HNI 2
10%
(1,250,000 Shares)RS.40.00 CR @ 1941 FORM 1X
Retail
35%
(4,375,000 Shares)RS.140.00 CR @ 95109 FORM 1X
BRLMs: Equirus Capital, Motilal Oswal Investment Advisors
Timeline
-
16
Mar-2026
Open Date
-
18
Mar-2026
Close Date
-
20
Mar-2026
Basis of Allotment Date
-
23
Mar-2026
Initiation of Refunds
-
23
Mar-2026
Credit of Shares to Demat A/C
-
24
Mar-2026
IPO Listing Date
Subscription as on 18-Mar-2026 17:08
Category
Book Size
Subscription
QIB
2.66x
2,500,000
(₹80.00 Cr.)
6,646,356
(₹212.68 Cr.)
HNI (<10 LAKH)
1.20x
625,000
(₹20.00 Cr.)
749,616
(₹23.99 Cr.)
HNI2 (>10 LAKH)
4.11x
1,250,000
(₹40.00 Cr.)
5,140,224
(₹164.49 Cr.)
RETAIL
0.42x
4,375,001
(₹140.00 Cr.)
1,825,648
(₹58.42 Cr.)
Total
1.64x
8,750,001
14,361,844
Category
Book Size
Subscription
QIB
2.66x
2,500,000
(₹80.00 Cr.)
6,646,356
(₹212.68 Cr.)
HNI (<10 LAKH)
1.20x
625,000
(₹20.00 Cr.)
749,616
(₹23.99 Cr.)
HNI2 (>10 LAKH)
4.11x
1,250,000
(₹40.00 Cr.)
5,140,224
(₹164.49 Cr.)
RETAIL
0.42x
4,375,001
(₹140.00 Cr.)
1,825,648
(₹58.42 Cr.)
Total
1.64x
8,750,001
14,361,844
*Excluding Anchor
Total No. of Application Approx : ~33879 (0.36 Appwise)
HNI Cost
About Company
- q The Company was originally incorporated as Gujarat Superphosphate Industries Pvt. Ltd on February 12, 1985. The name was changed to GSP Crop Science Pvt. Ltd on September 19, 2003. Subsequently, on conversion to a public limited company on November 6, 2024, the name was changed to GSP Crop Science Limited.
- q The company is a research-driven agrochemical company, specializing in the development and manufacturing of insecticides, herbicides, fungicides and plant growth regulators in India, with over 40 years of experience in the agrochemical industry.
- q The company provides crop protection solutions designed to support farmers in maximizing productivity and achieving optimal agricultural output through the development, manufacturing, supply and distribution of (i) formulations and (ii) technicals.
- q As of September 30, 2025, the company has received 524 registrations across formulations and in-house technical agrochemicals, supported by a strong focus on research and development.
- q The company has been granted process and product patents across a range of agrochemicals, with 102 patents granted as of date and 108 patent applications under process.
- q The company’s customers include agrochemical companies such as Bharat Rasayan Ltd, Dharmaj Crop Guard Ltd, Indogulf Cropsciences Ltd, SML Ltd, Willowood Chemicals Ltd and Agrico Organics Ltd. The company has long-standing relations with its customers, with several customers associated for over 10 years.
- q International Business is spread across 37 countries, including the USA, Uruguay, Brazil, Vietnam, Singapore, the UAE, and Australia.
- q The company operates 5 manufacturing facilities located at Odhav (Ahmedabad, Gujarat), Kathwada (Ahmedabad, Gujarat), Nandesari (Vadodara, Gujarat), Samba (UT of Jammu & Kashmir) and Saykha (Dahej, Gujarat.
- q As of September 30, 2025, the company has an annual aggregated installed capacity of 15,120 MTPA for Technicals, 43,672 MTPA for Formulations and 5,400 MTPA for Intermediates across its 5 manufacturing facilities.
Strengths
Competitive Strength
- Well-diversified product portfolio including a wide range of insecticides, herbicides, fungicides, and plant growth regulators, making it a comprehensive solution provider for the customers
- Catering to a large and diverse clientele both domestically and internationally
- Strong in-house R&D capabilities with a focus on innovation and product development
- Robust manufacturing facilities with the ability to manufacture a wide range of products with a focus on sustainability
- Led by qualified and experienced Promoters and supported by a professional management team
Business Strategies
- Leverage the diverse offerings to expand into international markets and capitalize on the growing agrochemical industry
- Continuing to expand the product offerings by leveraging the R&D capabilities
- Continue to diversify customer base by adding new customers and increasing wallet share with existing customers
- Optimization of manufacturing capabilities through backward integration and focusing on improving operational efficiencies
- Reduction of borrowings and leverage
Company Promoters
Company Financials
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,491.69 | 1,228.50 | 980.34 | 1,132.13 |
| Total Income | 847.61 | 1,301.06 | 1,158.23 | 1,206.05 |
| Profit After Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| EBITDA | 138.86 | 164.03 | 130.41 | 81.28 |
| NET Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Reserves and Surplus | 490.84 | 411.02 | 344.46 | 336.00 |
| Total Borrowing | 321.13 | 295.60 | 235.44 | 324.26 |
| Amount in ? Crore | ||||
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (? Cr.) |
|---|---|---|
| 1 | Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company | 170.00 |
| 2 | General Corporate Purpose | |
| Total | 170.00 |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question