Bookbuilding IPO | ₹400 Cr | Listed at BSE, NSE | Mon, Mar 16, 2026 - Wed, Mar 18, 2026
GSP Crop Science IPO is a book build issue of ₹400.00 crores. The issue is a combination of fresh issue of 0.75 crore shares aggregating to ₹240.00 crores and offer for sale of 0.50 crore shares aggregating to ₹160.00 crores.
GSP Crop Science IPO bidding started from Mar 16, 2026 and ended on Mar 18, 2026. The allotment for GSP Crop Science IPO was finalized on Mar 20, 2026. The shares got listed on the NSE and the BSE on Mar 24, 2026.
GSP Crop Science IPO is set final issue price at ₹320 per share. The lot size for an application is 46 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,720 (46 shares) (based on upper price). The lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,06,080, and for bNII, it is 68 lots (3,128 shares), amounting to ₹10,00,960.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to GSP Crop Science IPO RHP for detailed Information.
IPO Open
Mon, Mar 16, 2026
IPO Close
Wed, Mar 18, 2026
Issue Price
₹320 per share
Market Cap (Pre-IPO)
₹1,488.60 Cr
| IPO Date | 16 to 18 Mar, 2026 |
| Listed on | Tue, Mar 24, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹304 to ₹320 |
| Issue Price | ₹320 per share |
| Lot Size | 46 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,25,00,000 shares (agg. up to ₹400 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹240 Cr) |
| Offer for Sale | 50,00,000 shares of ₹10 (agg. up to ₹160 Cr) |
| Share Holding Pre Issue | 3,90,18,750 shares |
| Share Holding Post Issue | 4,65,18,750 shares |
| BSE Script Code / NSE Symbol | 544733 / GSPCROP |
| ISIN | INE713R01022 |
GSP Crop Science IPO offers total 1,25,00,000 shares. Out of which 62,50,000 (50.00%) allocated to QIB, 25,00,000 (20.00%) allocated to QIB (Ex- Anchor), 18,75,000 (15.00%) allocated to NII 43,75,000 (35.00%) allocated to RII and 37,50,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 62,50,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 37,50,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 25,00,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 18,75,000 (15.00%) | NA |
| − bNII > ₹10L | 12,50,000 (10.00%) | 1,940 |
| − sNII < ₹10L | 6,25,000 (5.00%) | 970 |
| Retail Shares Offered | 43,75,000 (35.00%) | 95,108 |
| Total Shares Offered | 1,25,00,000 (100.00%) |
Investors can bid for a minimum of 46 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,720 |
| Retail (Max) | 13 | 598 | ₹1,91,360 |
| S-HNI (Min) | 14 | 644 | ₹2,06,080 |
| S-HNI (Max) | 67 | 3,082 | ₹9,86,240 |
| B-HNI (Min) | 68 | 3,128 | ₹10,00,960 |
GSP Crop Science IPO raises ₹120.00 crore from anchor investors. GSP Crop Science IPO Anchor bid date is March 13, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Mar 13, 2026 |
| Shares Offered | 37,50,000 |
| Anchor Portion (₹ Cr.) | 120.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Apr 19, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jun 18, 2026 |
Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the business of manufacturing insecticides, herbicides, fungicides and plant growth regulators.
The company provides crop protection solutions to help farmers increase productivity, offering formulations (active ingredients and additives) and technicals (concentrated active ingredients) for effective pest, weed, and disease control.
The company offers a diverse portfolio of in-house manufactured agrochemicals, providing crop protection solutions through the development, manufacturing, supply, and distribution of Formulations and Technicals to meet customer needs.
The company have served customers spread across 20 states in India in the six months ended September 30, 2025 and Fiscals 2025, 2024 and 2023.
The company's international business is spread across 37 countries, including the United States of America, Uruguay, Brazil, Vietnam, Singapore, UAE and Australia during the six months ended September 30, 2025, Fiscals 2025, 2024 and 2023, including in Latin America, Asia Pacific (excluding India), North America and other geographies.
As of September 30, 2025 the company have received 524 registrations across Formulations and Technicals for agrochemicals. The company's research and development efforts over the years have led to being granted 102 patents, and also have 108 patent applications under process as of March 10, 2026.
The company invests in R&D to develop and improve Formulations and Technicals, with dedicated facilities in Kathwada and Odhav for testing, commercialization, and producing complex chemistries for the agrochemical market.
Business Operations:
As of September 30, 2025, the company has 1,221 permanent employees.
Competitive Strengths:
| 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 | ||||
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 | 50.32 |
| Total | 220.32 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 15.62% | 18.38% |
| ROCE | 15.45% | 19.80% |
| Debt/Equity | 0.55 | 0.58 |
| PAT Margin | 9.56% | 6.26% |
| EBITDA Margin | 16.45% | 12.74% |
| Price to Book Value | 2.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 20.87 | 21.22 |
| P/E (x) | 15.34 | 9.18 |
| Promoter Holding | 98.32% | 71.72% |
| Market Cap | ₹1,488.60 Cr. |
The GSP Crop Science IPO is subscribed 1.64 times on March 18, 2026 6:54:37 PM (Day 3). The public issue subscribed 0.42 times in the retail category, 2.66 times in the QIB category, and 3.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 2.66 | 25,00,000 | 66,46,356 |
| NII | 3.14 | 18,75,000 | 58,89,840 |
| bNII (> ₹10L) | 4.11 | 12,50,000 | 51,40,224 |
| sNII (< ₹10L) | 1.20 | 6,25,000 | 7,49,616 |
| Retail | 0.42 | 43,75,000 | 18,25,648 |
| Total | 1.64 | 87,50,000 | 1,43,61,844 |
Total Applications: 34,978
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs' fees and commissions | 13.95 |
| 2 | Commissions, processing fees, brokerage, underwriting and selling commission, and bidding charges payable to intermediaries including SCSBs, Sponsor Banks, Bankers to the Offer, Syndicate Members, Registered Brokers, RTAs and CDPs (including RBI bid fees) | 1.07 |
| 3 | (i) Listing fees, SEBI filing fees, upload fees, Stock Exchanges processing fees, book building software fees and other regulatory expenses | 1.71 |
| 4 | (ii) Printing and stationery expenses | 0.42 |
| 5 | (iii) Advertising and marketing expenses | 2.15 |
| 6 | (iv) Fees payable to legal counsel | 4.24 |
| 7 | (v) Fees payable to other intermediaries, such as auditors, ICA, ICE, practising company secretary, third-party research agency, experts, etc; and | 4.09 |
| 8 | (vi) Miscellaneous | 5.18 |
| Total | 32.81 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹320.00 | ₹320.00 |
| Open | ₹332.30 | ₹328.00 |
| Low | ₹327.35 | ₹328.00 |
| High | ₹363.60 | ₹364.00 |
| Last Trade | ₹356.10 | ₹356.25 |
Lead Manager Reports
GSP Crop Science IPO is a main-board IPO of 1,25,00,000 equity shares of the face value of ₹10 aggregating up to ₹400 Crores. The issue is priced at ₹320 per share. The minimum order quantity is 46.
The IPO opens on Mon, Mar 16, 2026, and closes on Wed, Mar 18, 2026.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in GSP Crop Science IPO using UPI as a payment gateway. Zerodha customers can apply in GSP Crop Science IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GSP Crop Science IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GSP Crop Science IPO opens on Mon, Mar 16, 2026 and closes on Wed, Mar 18, 2026.
GSP Crop Science IPO lot size is 46, and the minimum amount required for application is ₹14,720.
You can apply in GSP Crop Science IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GSP Crop Science IPO will be done on Friday, March 20, 2026, and the allotted shares will be credited to your demat account by Mon, Mar 23, 2026. Check the GSP Crop Science IPO allotment status.
The GSP Crop Science IPO listing date is on Tue, Mar 24, 2026.
