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

    Frequently Asked Questions

    Disclaimer :

    Investments in 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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    Publish Date: 16 Mar 2026

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