GSP Crop Science IPO: Dates, Price Band, Lot Size, Financials & Full Review

GSP Crop Science IPO is a mainboard IPO worth ₹400 crore, comprising a fresh issue of ₹240 crore and an offer for sale (OFS) of ₹160 crore. The IPO will open for subscription on March 16, 2026, and close on March 18, 2026.

The price band for the IPO has been fixed at ₹304 to ₹320 per share, and the shares are expected to be listed on BSE and NSE on March 24, 2026.

GSP Crop Science Limited is an agrochemical manufacturing company engaged in producing crop protection products such as insecticides, herbicides, fungicides, and plant growth regulators.

In this article, we will look at the GSP Crop Science IPO details, financials, valuation, strengths, risks, and whether investors should consider applying for the IPO.

GSP Crop Science IPO – Key Details 2026

GSP Crop Science IPO Important Dates

GSP Crop Science IPO Lot Size & Minimum Investment

The minimum investment required for retail investors is one lot of 46 shares.

GSP Crop Science IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) indicates the unofficial trading price of IPO shares before listing.

Note: Grey Market Premium is unofficial and can change frequently.

About GSP Crop Science Limited

Incorporated in 1985, GSP Crop Science Limited is an agrochemical company engaged in the manufacturing of crop protection products including insecticides, herbicides, fungicides, and plant growth regulators.

The company provides solutions that help farmers improve crop productivity by controlling pests, weeds, and plant diseases.

GSP Crop Science develops and manufactures Formulations and Technicals, which are used to create various agrochemical products used in agriculture.

The company served customers across 20 Indian states during the six months ended September 30, 2025.

The company also has a global presence across 37 countries, including:

• United States
• Brazil
• Vietnam
• Singapore
• UAE
• Australia
• Uruguay

Its international markets span Latin America, Asia Pacific, and North America.

Business Segments of GSP Crop Science

1. Formulations

As of September 30, 2025, the company has 395 registrations for formulations.

These products contain:

• Active ingredients
• Additives
• Crop protection chemicals

They are available in both solid and liquid forms and are sold under the company's own brands or licenses.

2. Technicals

Technicals are concentrated active ingredients used to manufacture agrochemical products such as:

• Insecticides
• Herbicides
• Fungicides

As of September 30, 2025, the company had 129 registrations for technical products.

Research & Development

Research and development play an important role in the agrochemical industry.

GSP Crop Science operates dedicated R&D facilities in:

• Kathwada
• Odhav

These facilities support:

• Product testing
• Development of new formulations
• Manufacturing of complex agrochemical compounds.

As of March 10, 2026:

• 524 product registrations
• 102 granted patents
• 108 patent applications under process

Competitive Strengths of GSP Crop Science

The company has several strengths that support its business growth.

1. Diversified Agrochemical Product Portfolio

The company manufactures multiple crop protection products including insecticides, herbicides, fungicides, and plant growth regulators.

2. Domestic and International Presence

GSP Crop Science serves customers across India and exports products to 37 countries worldwide.

3. Strong Research & Development Capabilities

The company invests in R&D to develop improved agrochemical products and innovative formulations.

4. Established Manufacturing Infrastructure

The company operates well-equipped manufacturing facilities capable of producing a wide range of agrochemical products.

5. Experienced Promoters and Management

The company is led by experienced promoters supported by a professional management team.

GSP Crop Science Financial Performance

The following table shows the company’s consolidated financial performance.

Key Insight: The company has shown significant improvement in profitability, with net profit increasing from ₹17.57 crore in FY23 to ₹81.42 crore in FY25.

Key Performance Indicators (KPI)

Objects of the Issue

The company plans to utilize IPO proceeds for the following purposes.

Valuation Snapshot

Promoter holding before the issue is 98.32%.

Promoters of GSP Crop Science

The promoters of the company include:

• Bhavesh Vrajmohan Shah
• Tirth Kenal Shah
• Vilasben Vrajmohan Shah
• Falguni Kenal Shah
• Alpha Trust
• Kappa Trust

GSP Crop Science IPO Review & Analysis

GSP Crop Science operates in the agrochemical industry, which plays a crucial role in improving agricultural productivity.

The company has shown strong profitability growth between FY23 and FY25, supported by its diversified agrochemical product portfolio and international presence.

However, investors should also consider factors such as:

• Industry competition
• Regulatory risks in agrochemicals
• Dependence on agricultural demand cycles

Overall, the IPO appears moderately priced based on available financial metrics, and investors may evaluate the company’s long-term growth potential before investing.

Summary

GSP Crop Science Limited is an agrochemical manufacturer that provides crop protection solutions to farmers through products such as insecticides, herbicides, fungicides, and plant growth regulators.

The company operates across India and multiple international markets, supported by in-house manufacturing facilities and research capabilities.

The GSP Crop Science IPO opens on March 16, 2026, and is expected to list on March 24, 2026 on BSE and NSE.

Frequently Asked Questions (FAQ)

What is the GSP Crop Science IPO?

GSP Crop Science IPO is a mainboard IPO of 1,25,00,000 equity shares with a face value of ₹10, aggregating up to ₹400 crore.

When does the GSP Crop Science IPO open?

The IPO opens on March 16, 2026, and closes on March 18, 2026.

What is the lot size of the GSP Crop Science IPO?

The minimum lot size is 46 shares.

What is the minimum investment in GSP Crop Science IPO?

Retail investors need to invest at least ₹14,720 to apply for one lot.

When is the IPO allotment date?

The allotment is expected to be finalized on March 20, 2026.

When will GSP Crop Science IPO list?

The shares are expected to be listed on March 24, 2026 on BSE and NSE.

Disclaimer: This content is for informational and educational purposes only and should not be considered investment advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in research-based articles on financial products, markets, and investment opportunities, including unlisted shares. She holds a Master’s degree in Commerce from the University of Delhi, providing a strong academic foundation in finance and business.

With over three years of experience in digital content, she focuses on simplifying complex financial topics into clear, accurate, and reader-friendly information. Her background includes creating content related to finance certifications such as wealth management and NISM programs, strengthening her understanding of financial markets and investor education.