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GSP Crop Science IPO

₹304 – ₹304 · Issue Size ₹400 Cr

IPO Overview

StatusClosed
Price Band₹304 – ₹304
Issue Size₹400 Cr
Lot Size46 shares
Min Investment₹14,720
Face Value₹10
Issue Structure
Fresh Issue₹240 Cr
Offer for Sale₹50,00,000 Cr
Total Size₹400 Cr

Business Model

Our Promoter and Promoter Group", "Financial Information", "Outstanding Litigation and Material Developments", "Offer Procedure" and "Description of Equity Shares and Terms of the Articles of Association" on pages 33, 90, 107, 128, 155, 250, 327, 337, 453, 503 and 523, respectively. Summary of the primary business of our Company We are a research-driven agrochemical company, specializing in the development and manufacturing of insecticides, herbicides, fungicides and plant growth regulators in India, with over 40 years of experience in the agrochemical industry. We operate under two distinct businesses which are categorized as (i) Formulations; and (ii) Technicals. Details of revenue generated from Formulations and Technicals for the six months ended September 30, 2025 and for Fiscals

Competitive Advantages
  • Well-diversified product portfolio including a wide range of insecticides, herbicides, fungicides, and plant growth regulators,
  • As a research-driven agrochemical company, we specialize in the development and manufacturing of insecticides, herbicides,
  • Details of revenue generated from our Formulations and Technicals for the six months ended September 30, 2025 and Fiscals

IPO Timeline

Open Date16 Mar 2026
Close Date18 Mar 2026
Allotment20 Mar 2026
Refund23 Mar 2026
Credit to Demat23 Mar 2026
Listing Date24 Mar 2026

Risk Factors

MUFG Intime India Private Limitedlow

Strengths & Weaknesses

Strengths

  • Well-diversified product portfolio including a wide range of insecticides, herbicides, fungicides, and plant growth regulators,
  • As a research-driven agrochemical company, we specialize in the development and manufacturing of insecticides, herbicides,
  • Details of revenue generated from our Formulations and Technicals for the six months ended September 30, 2025 and Fiscals

Management & Promoters

B
Bhavesh Vrajmohan ShahChairman and Managing Director
S
Shail Jayesh ShahWhole-time Director
T
Tirth Kenal ShahWhole-time Director
M
Mehul Premkantbhai PandyaWhole-time Director
A
Apurva Soham MashruwalaIndependent Director
B
Bharat Ramniklal ShahIndependent Director

Shareholding Pattern

Pre-IPO
Category%
Promoters98.32%

Peer Comparison

CompanyP/EEPS
GSP Crop Science IPO
Dated March10.0x
(Please read Section of the Companies Act )32.0x

Pre-IPO Financials

PeriodRevenue (Cr)PAT (Cr)Net Worth (Cr)Total Assets (Cr)
September 2025₹1 Cr₹13.58 Cr₹201.3 Cr
March 2025₹0.4 Cr₹11.53 Cr
March 2024₹9.49 Cr
March 2023₹8.82 Cr

About

GSP Crop Science is one of the leading research-driven agrochemical companies that develops, manufactures, and sells crop protection products such as insecticides, herbicides, fungicides, and plant growth regulators. The company has around 4 decades of experience in the agrochemical industry. The firm works in two major areas, including Formulations and Technicals. Due to this, the farmer got help and enhanced the productivity.

Industry Overview

Key Regulations and Policies", "History and Certain Corporate Matters", "Financial Information", "Financial Indebtedness", "Outstanding Litigation and Material Developments", "Other Regulatory and Statutory Disclosures", and

ExchangeNSE
Issue Typemainboard
SectorRs
Face Value10 per share

Documents

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