How to Apply for the GSP Crop Science Limited IPO: Step-by-Step Investment Guide

Summary:


GSP Crop Science Limited operates in the agrochemical sector and manufactures crop protection products such as insecticides, herbicides, fungicides, and plant growth regulators. The GSP Crop Science Limited IPO is scheduled to open on 16 March 2026 and close on 18 March 2026. The issue comprises 1,25,00,000 shares with a price band of ₹304 to ₹320 per share and a minimum lot size of 46 shares. The company proposes to list the shares on the BSE Limited and the National Stock Exchange of India, and the proceeds are intended for repayment or pre-payment of certain borrowings and for general corporate purposes.

GSP Crop Science Limited operates in the agrochemical sector and is engaged in the manufacture and supply of crop protection products such as insecticides, herbicides, fungicides, and plant growth regulators. The company’s product portfolio includes formulations and technical-grade agrochemicals used for pest, weed, and disease control in agriculture. Through its operations, the company undertakes activities that include product development, manufacturing, and distribution of crop protection solutions for agricultural applications. The company has built a product portfolio supported by registrations for formulations and technical products in the agrochemical segment. Its operations include research and development activities and manufacturing facilities used for product testing, development, and commercialisation. The company serves customers across several states in India and also supplies products to international markets, reflecting its participation in multiple geographies within the crop protection industry.

Investors who wish to apply for the IPO can do so through the online IPO application process available on trading platforms or through the Application Supported by Blocked Amount (ASBA) facility offered by banks. The process generally involves logging into a demat or trading account, navigating to the IPO section, selecting the relevant IPO, and entering the bid quantity and price within the specified price band before submitting the application. After the application is submitted, investors are required to approve the mandate through UPI or confirm the ASBA request so that the application amount is blocked in the bank account until the allotment process is completed. Once the allotment is finalised, shares, if allotted, are credited to the investor’s demat account, while funds for unallotted applications are released in accordance with the IPO process followed on the stock exchanges.

For more details, visit the GSP Crop Science Limited IPO page.

GSP Crop Science Limited IPO Details and Objectives

Details

Information

IPO Date

Mar 16, 2026 to Mar 18, 2026

Issue Size

1,25,00,000 shares (agg. up to ₹400 Cr)

Price Band

₹304 to ₹320 per share

Lot Size

46 shares

Listing At

BSE, NSE

Purpose of the IPO

  • Repayment or pre-repayment of all or a portion of certain outstanding borrowings availed by the Company

  • General corporate purposes

Timeline of GSP Crop Science Limited IPO

Event

Date

IPO Open Date

Mon, Mar 16, 2026

IPO Close Date

Wed, Mar 18, 2026

Tentative Allotment

Fri, Mar 20, 2026

Initiation of Refunds

Mon, Mar 23, 2026

Credit of Shares to Demat

Mon, Mar 23, 2026

Tentative Listing Date

Tue, Mar 24, 2026

Cut-off time for UPI mandate confirmation

5 PM on Wed, Mar 18, 2026

Pricing & Lot Size of GSP Crop Science Limited IPO

Price Band for the IPO

  • ₹304 to ₹320 per share

Minimum Lot Size and Application Details

Application

Lots

Shares

Amount

Retail (Min)

1

46

₹14,720

Retail (Max)

13

598

₹1,91,360

S-HNI (Min)

14

644

₹2,06,080

S-HNI (Max)

67

3,082

₹9,86,240

B-HNI (Min)

68

3,128

₹10,00,960

GSP Crop Science Limited IPO Application Process

The GSP Crop Science Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

Step 1: Login to Your Trading Platform

Access your trading account using the broker's app or website.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate GSP Crop Science Limited IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 46 shares) within the price band of ₹304 to ₹320 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for Allotment

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in GSP Crop Science IPO

The allocation of shares in the GSP Crop Science IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Offer

Retail Shares Offered

Not less than 35% of the Net Offer

NII Shares Offered

Not less than 15% of the Net Offer

This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹1,132.13 crore in FY23 to ₹1,491.69 crore as of Sept 2025.

  • Total income: Recorded at ₹847.61 crore in Sept 2025, as compared to ₹1,206.05 crore in FY23.

  • Profit After Tax (PAT): Reported at ₹81.07 crore in Sept 2025, and ₹17.57 crore in FY23.

  • Net Worth: Recorded at ₹529.85 crore in Sept 2025 in comparison to ₹363.47 crore in FY23.

  • Reserves & Surplus: Stood at ₹490.84 crore in Sept 2025, as compared to ₹336.00 crore in FY23.

  • Total Borrowing: Stood at ₹321.13 crore in Dec 2025, as compared to ₹324.26 crore in FY24.

  • EBITDA: Stood at ₹138.86 crore in Sept 2025 in comparison to ₹81.28 crore in FY23.

Recent Performance and Growth Prospects

  • The company has reported an expansion in its asset base over the observed period, indicating an increase in operational scale and investment in business infrastructure.

  • Income from operations reflects the company’s ongoing participation in the agrochemical sector through the manufacturing and supply of crop protection products across domestic and international markets.

  • Profitability levels during the recent period indicate changes in earnings performance compared with earlier financial years.

  • Shareholders’ equity has increased during the period under review, reflecting changes in the company’s financial position and capital base.

  • The balance under reserves and surplus has also increased over time, reflecting accumulated earnings retained within the business.

  • Borrowing levels have remained broadly stable in recent periods, indicating limited variation in the company’s outstanding debt position.

  • Operating earnings before interest, taxes, depreciation, and amortisation have recorded changes during the reported periods, reflecting operational performance across the company’s agrochemical manufacturing activities.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company operates in the agrochemical sector, where demand can be influenced by factors such as agricultural cycles, pest incidence, crop patterns, and climatic conditions. Variations in these factors may influence the demand for crop protection products in different seasons and markets.

  • The company has borrowings on its balance sheet, and a portion of the IPO proceeds is intended for repayment or pre-payment of certain outstanding borrowings. The company’s financial position and future operations may be influenced by its ability to manage debt obligations and maintain operational cash flows.

Opportunities and Growth Potential

  • The company manufactures and supplies crop protection products including insecticides, herbicides, fungicides, and plant growth regulators. Its portfolio of formulations and technical-grade agrochemicals enables participation in multiple crop protection segments within the agricultural input industry.

  • The company serves customers across several states in India and also supplies products to international markets. Its presence across domestic and overseas geographies, along with product registrations and research and development activities, reflects its participation in the global agrochemical value chain.

Key Performance Indicator (KPI)

KPI

Sept 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

GSP Crop Science Limited IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

MUFG Intime India Pvt.Ltd.

Equirus Capital Pvt.Ltd.

Company Address of GSP Crop Science Limited

404, Lalita Complex, Rasala Road,

Mithakhali Six Road,

Navrangpura,

Ahmedabad, Gujarat, 380009

Phone: +91 79 61915165

Email: cs@gspcrop.com

Website: https://www.gspcrop.in/

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your GSP Crop Science IPO allotment status.

Frequently Asked Questions

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Published Date : 16 Mar 2026

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Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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