GSP Crop Science IPO vs Sri Lotus Developers IPO

Comparison between GSP Crop Science IPO and Sri Lotus Developers IPO.

IPO Details

GSP Crop Science IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sri Lotus Developers 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 Sri Lotus Developers IPO is up to ₹792.00 Cr. The final issue price of GSP Crop Science IPO is ₹320.00 per share and of Sri Lotus Developers IPO is ₹150.00 per share.

 GSP Crop Science IPOSri Lotus Developers IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹304.00 per share₹140.00 per share
Issue Price (Upper)₹320.00 per share₹150.00 per share
Issue Price (Final)₹320.00 per share₹150.00 per share
Discount (Retail)
Discount (Employee)₹14.00 per share
Market Lot Size46 shares100 shares
Fresh Issue Size75,00,000 shares5,28,13,724 shares
Fresh Issue Size (Amount)up to ₹240.00 Crup to ₹792.00 Cr
OFS Issue Size50,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹160.00 Crup to ₹0.00 Cr
Issue Size Total1,25,00,000 shares5,28,13,724 shares
Issue Size Total (Amount)up to ₹400.00 Crup to ₹792.00 Cr

IPO Timetable

GSP Crop Science IPO opens on Mar 16, 2026, while Sri Lotus Developers IPO opens on Jul 30, 2025. The closing date of GSP Crop Science IPO and Sri Lotus Developers IPO is Mar 18, 2026, and Aug 01, 2025, respectively.

 GSP Crop Science IPOSri Lotus Developers IPO
Anchor Bid DateMar 13, 2026Jul 29, 2025
Issue OpenMar 16, 2026Jul 30, 2025
Issue CloseMar 18, 2026Aug 01, 2025
Basis Of Allotment (Tentative)Mar 20, 2026Aug 04, 2025
Initiation of Refunds (Tentative)Mar 23, 2026Aug 05, 2025
Credit of Share (Tentative)Mar 23, 2026Aug 05, 2025
Listing date (Tentative)Mar 24, 2026Aug 06, 2025
Anchor Lockin End date 1Apr 19, 2026Sep 02, 2025
Anchor Lockin End date 2Jun 18, 2026Nov 01, 2025

Financials & KPIs

GSP Crop Science IPO P/E ratio is 15.34, as compared to Sri Lotus Developers IPO P/E ratio of 28.69.

 GSP Crop Science IPOSri Lotus Developers 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)

Sri Lotus Developers & Realty Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets1,218.60736.81486.23
Total Income569.28466.19169.95
Profit After Tax227.89119.1416.80
EBITDA288.97158.5520.84
NET Worth932.44169.5648.36
Reserves and Surplus888.93149.6028.32
Total Borrowing122.13428.24328.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.3291.78
Promoter Shareholding (Post-Issue)71.7281.86
P/E Ratio15.3428.69
Market Cap₹1488.60 Cr.₹7330.65 Cr.
ROE18.38%24.39%
ROCE19.80%27.22%
Debt/Equity0.580.13
EPS₹20.87₹5.23
RoNW24.39%

Shares Offered

In the GSP Crop Science IPO Retail Individual Investors (RII) are offered 43,75,000 shares while in Sri Lotus Developers 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 1,05,33,333 shares in Sri Lotus Developers IPO.

 GSP Crop Science IPOSri Lotus Developers IPO
Anchor Investor Reservation37,50,000 shares1,57,99,999 shares
Market Maker Reservation0 shares0 shares
QIB25,00,000 shares1,05,33,333 shares
NII18,75,000 shares79,00,000 shares
RII43,75,000 shares1,84,33,334 shares
Employee0 shares1,47,058 shares
Others
Total1,25,00,000 shares5,28,13,724 shares

Bids Received (Subscription)

GSP Crop Science IPO subscribed 1.64x in total, whereas Sri Lotus Developers IPO subscribed 74.10x.

 GSP Crop Science IPOSri Lotus Developers IPO
QIB (times)2.66x175.61x
NII (times)3.14x61.82x
Big NII (times)4.11x59.13x
Small NII (times)1.20x67.22x
RII (times)0.42x21.77x
Employee (times)21.37x
Other (times)
Total (times)1.64x74.10x

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