GSP Crop Science IPO
GSP Crop Science IPO — date, price band, GMP & allotment 2026
GSP Crop Science IPO will open for subscription on 16 March 2026 and close on 18 March 2026, with listing expected on 24 March 2026 on NSE and BSE. The company was founded in 1985 in Ahmedabad and operates in the agrochemical sector. It manufactures products like insecticides, herbicides, fungicides and plant growth regulators. Its business model focuses on developing and supplying crop protection solutions to farmers and agrochemical companies, with presence in India and exports to several global markets.
Stock price
GSP Crop Science is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 16 Mar 2026
- Close 18 Mar 2026
- Allotment 20 Mar 2026
- Refund/credit 23 Mar 2026
- Listing 24 Mar 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 18 Mar, 2026 |
|---|---|
| Price Band | ₹304 – ₹320 |
| Face Value | ₹10 |
| Lot Size | 46 Shares |
| Issue Size | ₹400 Cr |
| Sale Type | book build issue |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,720 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 46 shares at the ₹320 cut-off. Drag to size your application.
| 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 |
Three years of numbers
All figures in ₹ crore, as reported in the GSP Crop Science offer document.
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 847.61 | 1,301.06 | 1,158.23 |
| EBITDA | 138.86 | 164.03 | 130.41 |
| Net Profit | 81.07 | 81.42 | 55.54 |
| Debt | 321.13 | 295.60 | 235.44 |
| Assets | 1,491.69 | 1,228.50 | 980.34 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the GSP Crop Science RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
GSP Crop Science IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹20.87 |
| P/E Ratio (x) | 15.34 |
| Market Cap at Offer Price (₹ Cr) | ₹1,243.05 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹320 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹340.00 Cr of the issue is earmarked to named objects.
GSP Crop Science IPO Anchor Investors
3 anchor investors across 2 fund houses committed ₹120.00 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Shine Star Build-Cap Pvt.ltd. | Shine Star | 1,250,084 | 40.00 | 33.34% |
| Craft Emerging Market Fund Pcc-Citadel Capital Fund | Craft Emerging Market Fund Pcc | 1,249,958 | 40.00 | 33.33% |
| Craft Emerging Market Fund Pcc-Elite Capital Fund | Craft Emerging Market Fund Pcc | 1,249,958 | 40.00 | 33.33% |
| Total anchor allocation | 120.00 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company offers a wide range of products including insecticides, fungicides, herbicides, and plant growth regulators, which are used to enhance crop yield and protect against pests and diseases. Its business model is primarily based on manufacturing and distribution, where it develops formulations and supplies them through a network of distributors and dealers. GSP Crop Science also focuses on exports, supplying products to multiple countries, which supports its revenue diversification. By emphasising quality, regulatory compliance, and continuous product development, the company aims to strengthen its position in the agrochemical industry and maintain long-term relationships with its customers.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91 79 61915165
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Indorient Financial Services
2 issues handled1 of their issues has listed so far, and 0 opened above the issue price (average -20%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of GSP Crop Science?
The current Grey Market Premium is ₹2, or 1% over the issue price.
What is the GSP Crop Science IPO price band?
₹304 to ₹320, on a face value of ₹10.
When is the allotment?
The basis of allotment is 20 March 2026, with listing on 24 March 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
