How to Check GSP Crop Science IPO Allotment Status

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. As of September 30, 2025, the company has received 524 registrations across Formulations and Technicals for agrochemicals, and has been granted 102 patents, with 108 patent applications under process as of March 10, 2026.

Its business operations are structured into two key segments: Formulations (395 registrations as of September 30, 2025, composed of active ingredients and additives, available as solids or liquids, marketed under the company's brands or licences) and Technicals (129 registrations as of September 30, 2025, which are concentrated active ingredients processed with other ingredients to create products like insecticides, herbicides, and fungicides). As of September 30, 2025, the company has 1,221 permanent employees.

GSP Crop Science IPO is a book build issue of ₹400.00 crore, comprising a fresh issue of 0.75 crore shares aggregating to ₹240.00 crore and an offer for sale of 0.50 crore shares aggregating to ₹160.00 crore. The IPO opened on March 16, 2026, and closed on March 18, 2026. The allotment is expected on Friday, March 20, 2026. The share price band was set at ₹304 to ₹320 per share.

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Steps to Check GSP Crop Science IPO Allotment Status on Registrar Site

• Visit the BSE IPO Allotment Status Page MUFG Intime India Pvt. Ltd.
• Select "GSP Crop Science" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check GSP Crop Science IPO Allotment Status on BSE/NSE

• Navigate to the BSE IPO Allotment Status Page, NSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "GSP Crop Science" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

GSP Crop Science IPO Subscription Status

GSP Crop Science IPO subscribed 1.64 times overall. Here is the category-wise breakdown as of 4:54:37 PM on March 18, 2026:

• QIB Category (Ex Anchor): 2.66 times
• Non-Institutional Investors (NII): 3.14 times
• Retail Investors: 0.42 times

GSP Crop Science IPO Share Price and Investment Details

The minimum investment required was ₹14,720 for 1 lot (46 shares). The issue raised ₹120.00 crore from anchor investors. The anchor investor lock-in period ends on April 19, 2026 for 50% of shares (30 days) and June 18, 2026 for the remaining shares (90 days). Given the overall subscription of 1.64 times with solid institutional interest at 2.66 times, healthy NII participation at 3.14 times, and weak retail subscription at 0.42 times, the share price listing expectations remain cautious.

Utilisation of IPO Proceeds

The proceeds will be utilised for repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company (₹170.00 crore) and general corporate purposes.

Business Overview

GSP Crop Science Limited is a research-driven agrochemical company having a vast portfolio of Formulations and Technicals. Following eased prices in FY24, though its top line shows decline, the volume was higher. H1-FY26 margins may get diluted in the second half, as the company has average performance for the said periods historically. The company is operating in a highly competitive and fragmented segment.

The company demonstrated financial performance with total income of ₹1,301.06 crore for FY2025 and a net worth of ₹529.85 crore as of September 30, 2025. The company benefits from a well-diversified product portfolio including a wide range of insecticides, herbicides, fungicides, and plant growth regulators, a large and diverse domestic and international clientele, 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, and qualified and experienced promoters supported by a professional management team. However, investors should note the post-issue P/E ratio of 9.18 and Price to Book Value of 2.77.