GSP Crop Science IPO vs Laxmi India Finance IPO

Comparison between GSP Crop Science IPO and Laxmi India Finance IPO.

IPO Details

GSP Crop Science IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Laxmi India Finance IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of GSP Crop Science IPO is up to ₹400.00 Cr whereas the issue size of the Laxmi India Finance IPO is up to ₹254.26 Cr. The final issue price of GSP Crop Science IPO is ₹320.00 per share and of Laxmi India Finance IPO is ₹158.00 per share.

 GSP Crop Science IPOLaxmi India Finance IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹304.00 per share₹150.00 per share
Issue Price (Upper)₹320.00 per share₹158.00 per share
Issue Price (Final)₹320.00 per share₹158.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size46 shares94 shares
Fresh Issue Size75,00,000 shares1,04,53,575 shares
Fresh Issue Size (Amount)up to ₹240.00 Crup to ₹165.17 Cr
OFS Issue Size50,00,000 shares56,38,620 shares
OFS Issue Size (Amount)up to ₹160.00 Crup to ₹89.09 Cr
Issue Size Total1,25,00,000 shares1,60,92,195 shares
Issue Size Total (Amount)up to ₹400.00 Crup to ₹254.26 Cr

IPO Timetable

GSP Crop Science IPO opens on Mar 16, 2026, while Laxmi India Finance IPO opens on Jul 29, 2025. The closing date of GSP Crop Science IPO and Laxmi India Finance IPO is Mar 18, 2026, and Jul 31, 2025, respectively.

 GSP Crop Science IPOLaxmi India Finance IPO
Anchor Bid DateMar 13, 2026Jul 28, 2025
Issue OpenMar 16, 2026Jul 29, 2025
Issue CloseMar 18, 2026Jul 31, 2025
Basis Of Allotment (Tentative)Mar 20, 2026Aug 01, 2025
Initiation of Refunds (Tentative)Mar 23, 2026Aug 04, 2025
Credit of Share (Tentative)Mar 23, 2026Aug 04, 2025
Listing date (Tentative)Mar 24, 2026Aug 05, 2025
Anchor Lockin End date 1Apr 19, 2026Aug 30, 2025
Anchor Lockin End date 2Jun 18, 2026Oct 29, 2025

Financials & KPIs

GSP Crop Science IPO P/E ratio is 15.34, as compared to Laxmi India Finance IPO P/E ratio of 18.35.

 GSP Crop Science IPOLaxmi India Finance IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,491.691,228.50980.341,132.13
Total Income847.611,301.061,158.231,206.05
Profit After Tax81.0781.4255.5417.57
EBITDA138.86164.03130.4181.28
NET Worth529.85450.03370.46363.47
Reserves and Surplus490.84411.02344.46336.00
Total Borrowing321.13295.60235.44324.26
Amount in ₹ Crore

Company Financials (Restated)

Laxmi India Finance Ltd.'s revenue increased by 42% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,412.52984.85778.71
Total Income248.04175.02130.67
Profit After Tax36.0122.4715.97
EBITDA163.88114.5985.96
NET Worth257.47201.22152.33
Reserves and Surplus236.99181.87134.23
Total Borrowing1,137.06766.68615.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.3289.05
Promoter Shareholding (Post-Issue)71.7260.45
P/E Ratio15.3418.35
Market Cap₹1488.60 Cr.₹825.83 Cr.
ROE18.38%
ROCE19.80%
Debt/Equity0.584.42
EPS₹20.87₹8.61
RoNW13.95%

Shares Offered

In the GSP Crop Science IPO Retail Individual Investors (RII) are offered 43,75,000 shares while in Laxmi India Finance IPO retail investors are offered 43,75,000 shares. Qualified Institutional Buyers (QIB) are offered 25,00,000 shares in GSP Crop Science IPO and 31,86,253 shares in Laxmi India Finance IPO.

 GSP Crop Science IPOLaxmi India Finance IPO
Anchor Investor Reservation37,50,000 shares47,79,379 shares
Market Maker Reservation0 shares0 shares
QIB25,00,000 shares31,86,253 shares
NII18,75,000 shares23,89,691 shares
RII43,75,000 shares55,75,944 shares
Employee0 shares1,60,928 shares
Others
Total1,25,00,000 shares1,60,92,195 shares

Bids Received (Subscription)

GSP Crop Science IPO subscribed 1.64x in total, whereas Laxmi India Finance IPO subscribed 1.86x.

 GSP Crop Science IPOLaxmi India Finance IPO
QIB (times)2.66x1.30x
NII (times)3.14x1.83x
Big NII (times)4.11x1.82x
Small NII (times)1.20x1.87x
RII (times)0.42x2.20x
Employee (times)1.54x
Other (times)
Total (times)1.64x1.86x

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GSP Crop Science IPO Vs Laxmi India Finance IPO