The GSP Crop Science IPO is preparing to enter the primary market next week, attracting attention from investors closely watching Upcoming IPOs and IPOs in 2026. The agrochemical company aims to raise ₹400 crore through its initial public offering, with the issue scheduled to open for subscription on Monday, March 16 and close on Wednesday, March 18.
As activity in the primary market continues this month, the GSP Crop Science IPO news has become one of the key developments investors are watching. The offer marks the fifth mainboard IPO scheduled to open this month, adding another entry to the growing list of Upcoming IPOs in India.
Here’s a closer look at the GSP Crop Science IPO details, including the IPO size, price band, lot size, objectives of the issue, and company background.
Market Performance
The launch of the GSP Crop Science IPO comes at a time when the broader IPO environment has shown mixed responses.
Recent primary market activity has indicated slower subscription trends in some public issues this month. Certain IPOs in the market have received limited bids in the early days of subscription, while some others saw modest participation levels.
This backdrop has kept investor attention focused on how upcoming public offers perform. As the GSP Crop Science IPO prepares to open, market participants are closely tracking the development as part of the broader trend in IPOs in 2026.
GSP Crop Science IPO Dates
The initial public offering of GSP Crop Science will remain open for three days.
Important IPO timeline
- IPO opening date: March 16
- IPO closing date: March 18
- Allotment finalisation: March 20
- Tentative listing date: March 24
These dates outline the complete timeline for investors tracking the GSP Crop Science IPO details in the primary market.
GSP Crop Science IPO Size
The GSP Crop Science IPO size stands at ₹400 crore, combining fresh issuance and offer for sale.
Breakdown of the IPO structure
- Fresh issue: ₹240 crore
- Offer for sale (OFS): ₹160 crore
- Total IPO size: ₹400 crore
The offer for sale component includes shares from promoter selling shareholders Vilasben Vrajmohan Shah, Bhavesh Vrajmohan Shah, and Kappa Trust.
This structure means part of the proceeds will go to the company through the fresh issue, while the OFS portion involves existing shareholders selling a stake in the company.
GSP Crop Science IPO Price Band
The company has fixed the GSP Crop Science IPO price band at:
- ₹304 to ₹320 per share
The final issue price will be determined within this price range during the bidding process.
GSP Crop Science IPO Lot Size
For retail investors, the GSP Crop Science IPO lot size has been set at 46 shares per lot.
Based on the upper price band of ₹320, the minimum investment required to apply for one lot comes to:
- 46 shares × ₹320 = ₹14,720
This defines the minimum amount required for a retail investor to participate in the initial public offering.
GSP Crop Science IPO Objective
The company plans to use the funds raised from the fresh share sale for specific corporate purposes.
Use of proceeds
- ₹170 crore will be used for repayment or pre-payment of certain outstanding borrowings
- The balance funds will be allocated toward general corporate activities.
The fund utilisation plan is part of the official GSP Crop Science IPO details disclosed ahead of the public issue.
About GSP Crop Science
GSP Crop Science operates in the agrochemical sector and focuses on the development and manufacturing of crop protection products.
The company manufactures products across multiple agrochemical categories, including:
- Insecticides
- Herbicides
- Fungicides
- Plant growth regulators
The business has more than 40 years of experience in the agrochemical industry, supplying products to both domestic and international markets.
Beyond India, the company exports to over 35 global markets. These include countries such as:
- Uruguay
- United States of America
- Vietnam
- Brazil
- Singapore
- Bangladesh
- United Arab Emirates
- Taiwan
- Australia
- Sri Lanka
This global presence forms part of the company’s broader operational footprint.
Financial Performance
The financial figures shared ahead of the GSP Crop Science IPO provide a snapshot of the company’s recent performance.
Revenue from Operations
- FY2024: ₹1,152.16 crore
- FY2023: ₹1,203.31 crore
Profit After Tax (PAT)
- FY2024: ₹61.29 crore
- FY2023: ₹21.55 crore
While revenue from operations declined compared to the previous fiscal year, profit after tax increased significantly during FY2024.
Key Customers of GSP Crop Science
The company supplies agrochemical products to several established companies in the industry.
Some of the key customers include:
- Bharat Rasayan Limited
- Dharmaj Crop Guard Limited
- Indogulf Cropsciences Limited
- SML Limited
- Willowood Chemicals Limited
- Agrico Organics Limited
These companies form part of the company’s business network within the agrochemical sector.
Agrochemical Industry Landscape
The agrochemical industry in India has expanded steadily in recent years.
According to industry data:
- The Indian agrochemical market size reached ₹366 billion in Fiscal 2025
- The industry expanded at a CAGR of 12.4% during the period from Fiscal 2020 to Fiscal 2025.
With the global food demand projected to reach $1.2 trillion by Fiscal 2026, agrochemicals continue to play a role in supporting agricultural productivity and food security.
IPO Management Details
The GSP Crop Science IPO is being managed by leading financial institutions responsible for overseeing the public offering process.
Key intermediaries involved in the IPO
- Book-running lead managers:
- Equirus Capital
- Motilal Oswal Investment Advisors
- Registrar to the issue:
- MUFG Intime India
These entities are responsible for managing the subscription process and administrative aspects of the public issue.
Summary
The GSP Crop Science IPO will open for subscription on March 16 and close on March 18, with the company aiming to raise ₹400 crore through its initial public offering.
Key highlights of the GSP Crop Science IPO details include:
- IPO size: ₹400 crore
- Fresh issue: ₹240 crore
- Offer for sale: ₹160 crore
- Price band: ₹304 – ₹320 per share
- Lot size: 46 shares
- Minimum investment: ₹14,720
- Allotment date: March 20
- Tentative listing: March 24
The public offer comes as another addition to the list of Upcoming IPOs in the Indian market, with the company bringing its four decades of experience in agrochemicals and a presence in 35+ international markets to the primary market.
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