GSP Crop Science IPO vs Smartworks Coworking Spaces IPO

Comparison between GSP Crop Science IPO and Smartworks Coworking Spaces IPO.

IPO Details

GSP Crop Science IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Smartworks Coworking Spaces 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 Smartworks Coworking Spaces IPO is up to ₹582.56 Cr. The final issue price of GSP Crop Science IPO is ₹320.00 per share and of Smartworks Coworking Spaces IPO is ₹407.00 per share.

 GSP Crop Science IPOSmartworks Coworking Spaces IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹304.00 per share₹387.00 per share
Issue Price (Upper)₹320.00 per share₹407.00 per share
Issue Price (Final)₹320.00 per share₹407.00 per share
Discount (Retail)
Discount (Employee)₹37.00 per share
Market Lot Size46 shares36 shares
Fresh Issue Size75,00,000 shares1,09,41,734 shares
Fresh Issue Size (Amount)up to ₹240.00 Crup to ₹445.08 Cr
OFS Issue Size50,00,000 shares33,79,740 shares
OFS Issue Size (Amount)up to ₹160.00 Crup to ₹137.48 Cr
Issue Size Total1,25,00,000 shares1,43,21,474 shares
Issue Size Total (Amount)up to ₹400.00 Crup to ₹582.56 Cr

IPO Timetable

GSP Crop Science IPO opens on Mar 16, 2026, while Smartworks Coworking Spaces IPO opens on Jul 10, 2025. The closing date of GSP Crop Science IPO and Smartworks Coworking Spaces IPO is Mar 18, 2026, and Jul 14, 2025, respectively.

 GSP Crop Science IPOSmartworks Coworking Spaces IPO
Anchor Bid DateMar 13, 2026Jul 09, 2025
Issue OpenMar 16, 2026Jul 10, 2025
Issue CloseMar 18, 2026Jul 14, 2025
Basis Of Allotment (Tentative)Mar 20, 2026Jul 15, 2025
Initiation of Refunds (Tentative)Mar 23, 2026Jul 16, 2025
Credit of Share (Tentative)Mar 23, 2026Jul 16, 2025
Listing date (Tentative)Mar 24, 2026Jul 17, 2025
Anchor Lockin End date 1Apr 19, 2026Aug 13, 2025
Anchor Lockin End date 2Jun 18, 2026Oct 12, 2025

Financials & KPIs

GSP Crop Science IPO P/E ratio is 15.34, as compared to Smartworks Coworking Spaces IPO P/E ratio of .

 GSP Crop Science IPOSmartworks Coworking Spaces 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 Consolidated)

Smartworks Coworking Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) dropped by 26% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets4,650.854,147.084,473.50
Total Income1,409.671,113.11744.07
Profit After Tax-63.18-49.96-101.05
EBITDA857.26659.67424.00
NET Worth107.5150.0131.47
Reserves and Surplus4.6929.01-46.23
Total Borrowing397.77427.35515.39
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.3265.19
Promoter Shareholding (Post-Issue)71.7258.25
P/E Ratio15.34
Market Cap₹1488.60 Cr.₹4644.82 Cr.
ROE18.38%
ROCE19.80%42.30%
Debt/Equity0.582.90
EPS₹20.87₹-6.12
RoNW-58.76%

Shares Offered

In the GSP Crop Science IPO Retail Individual Investors (RII) are offered 43,75,000 shares while in Smartworks Coworking Spaces 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 28,44,252 shares in Smartworks Coworking Spaces IPO.

 GSP Crop Science IPOSmartworks Coworking Spaces IPO
Anchor Investor Reservation37,50,000 shares42,66,378 shares
Market Maker Reservation0 shares0 shares
QIB25,00,000 shares28,44,252 shares
NII18,75,000 shares21,33,190 shares
RII43,75,000 shares49,77,443 shares
Employee0 shares1,01,351 shares
Others
Total1,25,00,000 shares1,43,22,614 shares

Bids Received (Subscription)

GSP Crop Science IPO subscribed 1.64x in total, whereas Smartworks Coworking Spaces IPO subscribed 13.92x.

 GSP Crop Science IPOSmartworks Coworking Spaces IPO
QIB (times)2.66x24.92x
NII (times)3.14x23.68x
Big NII (times)4.11x28.21x
Small NII (times)1.20x14.62x
RII (times)0.42x3.69x
Employee (times)2.51x
Other (times)
Total (times)1.64x13.92x

Compare with others

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GSP Crop Science IPO Vs Smartworks Coworking Spaces IPO