| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹400.00 Cr |
| Fresh Issue | ₹240.00 Cr |
| Offer for Sale | ₹160.00 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน304.00-320.00 per share |
| BSE Code | 544733 |
| NSE Code | GSPCROP |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Motilal Oswal Investment Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 46 shares and in multiples thereof
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 develops and supplies crop protection solutions aimed at improving farm productivity and supporting pest, weed, and disease management. Its offerings include both Formulations and Technicals, serving a wide range of agricultural applications across domestic and international markets.
GSP Crop Science has built a diversified agrochemical portfolio through in-house product development, manufacturing, and distribution. The company serves a broad base of B2B customers, including leading agrochemical companies in India and overseas, supported by long-standing business relationships.
As of September 30, 2024, the company held 507 product registrations for its agrochemical portfolio and owned 89 patents. Revenue generated from patented products during the six months ended September 30, 2024 stood at โน1,441.11 million, contributing approximately 20.73% of total revenue.
The company continues to invest in research and development to enhance existing products and develop new formulations and technicals. Its dedicated R&D facilities at Kathwada and Odhav support product testing, process development, commercialization, and the production of complex agrochemical chemistries.
Business operations:
As of September 30, 2024, GSP Crop Science Limited employed 1,096 permanent employees.
Competitive strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company | 170.00 |
| 2 | General Corporate Purpose | 50.32 |
| Total | 220.32 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,491.69 | 1,228.50 | 980.34 | 1,132.13 |
| Total Income | 847.61 | 1,301.06 | 1,158.23 | 1,206.05 |
| Profit After Tax | 81.07 | 81.42 | 55.54 | 17.57 |
| EBITDA | 138.86 | 164.03 | 130.41 | 81.28 |
| NET Worth | 529.85 | 450.03 | 370.46 | 363.47 |
| Reserves and Surplus | 490.84 | 411.02 | 344.46 | 336.00 |
| Total Borrowing | 321.13 | 295.60 | 235.44 | 324.26 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 15.62% | 18.38% |
| ROCE | 15.45% | 19.80% |
| Debt / Equity | 0.55% | 0.58% |
| PAT Margin | 9.56% | 6.26% |
| EBITDA Margin | 16.45% | 12.74% |
| Price to Book Value | 2.77 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 20.87 | 21.22 |
| P/E (x) | 15.34 | 9.18 |
| Promoter Holding | 98.32% | 71.72% |
| Market Cap | โน1488.60 Cr. | |