GSP Crop Science IPO
GSP Crop Science IPO Details
-
Open Date
16 Mar 2026
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Close Date
18 Mar 2026
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Listing Date
24 Mar 2026
- IPO Price Range
₹ 304 to ₹320
- IPO Size
₹ 400 Cr
- Listing Exchange
BSE NSE
GSP Crop Science IPO Timeline
Last Updated: 13 March 2026 1:12 PM by 5paisa
GSP Crop Science Limited is an agrochemical company engaged in manufacturing insecticides, herbicides, fungicides, and plant growth regulators. The company develops and supplies crop protection solutions through formulations and technicals to manage pests, weeds, and crop diseases. It serves customers across 20 states in India and exports to 37 countries including the USA, Brazil, Vietnam, Singapore, UAE, and Australia. As of September 30, 2025, the company held 524 agrochemical registrations, along with 102 granted patents and 108 patent applications. It also invests in R&D through dedicated facilities in Kathwada and Odhav to develop and commercialize advanced agrochemical products.
Established in: 1985
Managing Director: Bhavesh Vrajmohan Shah
Peers:
| Metric | GSP Crop Science Limited | PI Industries Limited | Sumitomo Chemical India Limited | Dhanuka Agritech Limited | Rallis India Limited | Bharat Rasayan Limited | India Pesticides Limited | Excel Industries Limited | Heranba Industries Limited |
| Face Value | 10 | 1 | 10 | 2 | 1 | 10 | 1 | 5 | 10 |
| Revenue | 12,87.3.8 | 79,77.80 | 31,48.52 | 20,35.15 | 26,62.94 | 11,73.00 | 8,28.6.1 | 9,78.07 | 14,09.73 |
| EPS (Basic) | 21.20 | 109.44 | 10.13 | 65.55 | 6.43 | 339.14 | 7.14 | 67.87 | 0.77 |
| EPS (Diluted) | 21.20 | 109.42 | 10.13 | 65.55 | 6.43 | 339.14 | 7.14 | 67.87 | 0.77 |
| P/E | - | 28.25 | 39.23 | 15.13 | 40.12 | 4.14 | 21.57 | 13.13 | 252.92 |
| RONW (%) | 18.38 | 16.35 | 17.42 | 21.18 | 6.61 | 12.47 | 9.15 | 5.37 | 0.37 |
| NAV | 115.34 | 669.47 | 58.12 | 311.17 | 97.92 | 2,719.44 | 78.01 | 1,263.83 | 210.13 |
GSP Crop Science Objectives
1. Repayment or partial prepayment of certain outstanding borrowings of the Company amounting to ₹170.00 Cr
2. Remaining proceeds to be utilized for general corporate purposes
GSP Crop Science IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹400 Cr |
| Offer For Sale | ₹160 Cr |
| Fresh Issue | ₹240 Cr |
GSP Crop Science IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 13,984 |
| Retail (Max) | 13 | 598 | 1,91,360 |
| S - HNI (Min) | 14 | 644 | 1,95,776 |
| S - HNI (Max) | 67 | 3,082 | 9,86,240 |
| B - HNI (Min) | 68 | 3,128 | 9,50,912 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 12,03.31 | 11,52.16 | 12,87.38 |
| EBITDA | 81.28 | 1,30.40 | 1,64.03 |
| PAT | 17.57 | 55.54 | 81.42 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 11,32.13 | 9,80.34 | 12,28.50 |
| Share Capital | 27.48 | 26.01 | 39.02 |
| Total Liabilities | 11,32.13 | 9,80.34 | 12,28.50 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 1,03.51 | 2,06.74 | 37.83 |
| Net Cash Generated From / (used in) Investing Activities | - 46.81 | - 18.96 | - 79.88 |
| Net Cash Generated From / (used in) Financing Activities | - 1,58.94 | - 1,78.33 | 29.85 |
| Net Increase (Decrease) in Cash and Cash Equivalents | - 1,02.24 | 9.45 | - 12.20 |
Strengths
1. Broad and diversified portfolio of insecticides, herbicides, fungicides, and plant growth regulators.
2. Wide domestic and international customer base across multiple markets.
3. Strong in-house R&D capabilities focused on innovation and product development.
4. Well-established manufacturing facilities with emphasis on sustainable production.
5. Experienced promoters and professional management team driving business growth.
Weaknesses
1. Dependence on a limited number of raw material suppliers may disrupt manufacturing if supply is affected.
2. Lack of long-term customer contracts may impact revenue stability and client retention.
3. Heavy reliance on an extensive distribution network for domestic B2C sales.
4. Strict product quality and technical compliance requirements may risk reputational damage if not met.
5. Exposure to seasonal demand and weather conditions affecting the agrochemical industry.
Opportunities
1. Expanding digital reach enables financial partners to access underserved users across Tier 2 and smaller cities
2. Technology platform supports partners in offering personalized and scalable digital financial products
3. Data driven user insights help improve credit assessment and risk evaluation
4. End to end digital processes enhance operational efficiency for partner institutions
Threats
1. Economic slowdown in India may reduce demand for agrochemical products.
2. Global trade barriers, tariffs, or sanctions could impact export performance.
3. Rising inflation may increase costs and pressure profit margins.
4. Changes in regulations, taxation, or compliance frameworks may impact operations.
5. Natural disasters, pandemics, or geopolitical disruptions may affect business continuity.
1. Expanding customer base while deepening relationships with long-standing domestic and global clients.
2. Strong pan-India distribution network supporting wider market penetration.
3. Focus on export-oriented products to further strengthen international market share.
4. Backward integration initiatives aimed at improving supply chain control and reducing raw material dependency.
5. Expansion of manufacturing capabilities to enhance operational efficiency and support future growth.
1. Expanding global presence with exports across 37 countries spanning Latin America, Asia Pacific, and North America.
2. Increasing focus on high-growth agrochemical markets such as Brazil and other Latin American regions.
3. Growing global agrochemical industry expected to reach nearly $108.9 billion by 2030.
4. Continuous investment in R&D to develop new agrochemical products and expand the patented portfolio.
5. Diversifying product offerings to strengthen presence in both domestic and international markets.
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FAQs
GSP Crop Science IPO opens from March 16, 2026 to March 18, 2026.
The size of GSP Crop Science IPO is approximately ₹400 crore.
The price band of GSP Crop Science IPO is fixed at ₹304 to ₹320 per share.
To apply for GSP Crop Science IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the GSP Crop Science IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 46 shares, requiring an investment of approximately₹13,984.
The share allotment date of GSP Crop Science IPO is March 20, 2026.
The GSP Crop Science IPO will likely be listed on March 24, 2026.
Equirus Capital Pvt.Ltd is the book-running lead manager.
Use ₹170.00 Cr towards full or partial repayment of existing borrowings
Utilize the remaining funds for general corporate purposes
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