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GSPCROP · NSE,BSE · Agrochemicals
GSP Crop Science IPO listed on 24 Mar 2026 on NSE,BSE at ₹328.00, a gain of 2.50% over the issue price of ₹320.00. The IPO was subscribed 1.64x overall.
GSP Crop Science IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 16 Mar 2026 |
| IPO Close Date | 18 Mar 2026 |
| Basis of Allotment | 20 Mar 2026 |
| Initiation of Refunds | 23 Mar 2026 |
| Credit of Shares to Demat | 23 Mar 2026 |
| Listing Date | 24 Mar 2026 |
Listing day gain
+2.5%
Listed at ₹328 (issue ₹320)
Issue
₹320
Listing
₹328
Current
₹356.25
+11.33% vs issue
Day range
₹328 – ₹364
Issue Size
12,500,000 shares
(aggregating up to ₹400.00 Cr)
Issue Price
₹304 – ₹320
Face Value
₹10/share
Market Lot
46 shares
Retail Min Investment
₹14,720
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
7,500,000 shares
(aggregating up to ₹240 Cr)
Offer for Sale
5,000,000 shares
(aggregating up to ₹160 Cr)
Issue Type
book building
Open Date
16 Mar
Close Date
18 Mar
Allotment
20 Mar
Listing
24 Mar
Last updated: 6 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 24 Mar 2026 Latest | ₹320 | ₹2 | ₹322 | ₹2 |
0.63%
|
1:05 PM |
| 23 Mar 2026 | ₹320 | ₹2 | ₹322 | ₹2 |
0.63%
|
1:36 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 18 Mar 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 2.66x |
| NII | 3.14x |
| bNII (bids above ₹10L) | 4.11x |
| sNII (bids below ₹10L) | 1.2x |
| Retail Investors | 0.42x |
| Total | 1.64x |
Showing the latest subscription snapshot.
View full subscription historyBhavesh Vrajmohan Shah, Tirth Kenal Shah, Vilasben Vrajmohan Shah, Falguni Kenal Shah, Alpha trust and Kappa Trust are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,720 |
| Retail (Max) | 13 | 598 | ₹191,360 |
| S-HNI (Min) | 14 | 644 | ₹206,080 |
| S-HNI (Max) | 67 | 3,082 | ₹986,240 |
| B-HNI (Min) | 68 | 3,128 | ₹1,000,960 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 6,250,000 (50.00%) |
|
•
Anchor Investor Shares Offered
|
3,750,000 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
2,500,000 (20.00%) |
| NII (HNI) Shares Offered | 1,875,000 (15.00%) |
|
•
bNII > ₹10L
|
1,250,000 (10.00%) |
|
•
sNII < ₹10L
|
625,000 (5.00%) |
| Retail Shares Offered | 4,375,000 (35.00%) |
| Total Shares Offered | 12,500,000 (100.00%) |
GSP Crop Science is a leading Indian agrochemical company that manufactures essential farming products like insecticides and herbicides. They provide complete crop protection solutions to farmers across 20 Indian states and export to over 37 countries including the USA and Brazil.
Strengths :
The company’s primary strength lies in its diversified product portfolio, which covers a wide range of crop needs, from pest control to growth regulation. This variety makes them a "one-stop shop" for farmers. Their in-house R&D capabilities are a major competitive advantage; as of March 2026, they hold 102 granted patents and have over 100 more in the pipeline. This focus on innovation allows them to create complex chemical formulations that are hard for competitors to replicate. Furthermore, they operate robust manufacturing facilities in Gujarat (Kathwada and Odhav) that focus on sustainability and efficiency. Their global footprint across four continents provides a safety net against domestic seasonal changes, ensuring a steady revenue stream.
Growth:
GSP Crop Science has shown significant growth by expanding its international presence to 37 countries. Their research-driven approach has allowed them to increase their patent count and registration list (over 520 registrations), ensuring they can launch new products regularly. The financial data reflects a strong upward trend in Profit After Tax (PAT), growing from ₹17.57 Cr in FY23 to over ₹81 Cr in FY25, showcasing improved operational efficiency and market penetration.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 1,206.05 | 1,158.23 | 1,301.06 |
| Profit After Tax (PAT) | 17.57 | 55.54 | 81.42 |
| EBITDA | 81.28 | 130.41 | 164.03 |
| Total Assets | 1,132.13 | 980.34 | 1,228.5 |
| Net Worth | 363.47 | 370.46 | 450.03 |
| Reserves & Surplus | 336 | 344.46 | 411.02 |
| Total Borrowing | 324.26 | 235.44 | 295.6 |
Revenue & Profit Trend
The basis of allotment for GSP Crop Science IPO was finalised on 20 Mar 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The GSP Crop Science IPO is expected to open in Mar 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for GSP Crop Science IPO is ₹304.00 - ₹320.00 per share.
As per market sources, GSP Crop Science IPO GMP is currently ₹2.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for GSP Crop Science IPO stands at 1.64x overall.
The listing date for GSP Crop Science IPO is 24 Mar 2026.
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